Ratio of US Real Estate Stocks to S&P 500 Hits Record Low
SPY SPDR S&P 500 ETF Trust
$779.09 +0.55%
View chart & analysis → - 1Charlie Wiley, Chief Market Strategist at Creative Planning, stated that the ratio comparing US real estate stocks to the S&P 500 has hit a record low.
- 2The ratio fell to 0.122, marking a decline of approximately 73% from its peak of 0.46 in February 2007.
- 3Peter Schiff, Chief Economist at Euro Pacific Asset Management, said the real estate sector has more room to fall and that the industry is dead.
So what's the key point?
The value of US real estate stocks has become very low compared to other stocks. Experts say the real estate sector could fall even further.
Source BeInCrypto · View original ↗
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