Real Estate Stocks Rally on Softer CPI — REIT ETFs XLRE, VNQ Face Fed Minutes Next
U.S. real estate stocks are picking up momentum this week, bolstered by Friday’s drop in rates. REIT-focused ETFs rallied as the latest inflation numbers came in soft: The Real Estate Select Sector SPDR Fund finished 1.46% higher at $43.50, and the Vanguard Real Estate ETF closed up 1.43% at $94.59.