ETF Trends
04-22-2008, 01:20 PM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/images/2008/04/22/home.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/22/home.jpg) The housing slump continued through March, and home-related exchange traded funds (ETFs) reflected this morning's latest numbers.
The National Association of Realtors said sales of existing single-family homes and condominiums fell by 2% in March. The median price of a home also fell 7.7% from the median one year ago, reports Martin Crutsinger for the Associated Press (http://biz.yahoo.com/ap/080422/economy.html). It was the second-largest year-over-year price drop; the largest was February's 8.4% drop.
Sales increased by 2.9% in February, and it had raised hopes that the housing correction had reached the bottom. But analysts don't think a rebound will happen for months.
Homebuilder and real estate ETFs are down midday. So far this year, most of them are up, some into the double digits:
SPDR S&P Homebuilders (XHB (http://finance.yahoo.com/q?s=xhb)), up 17.1% year-to-date
iShares Dow Jones US Home Construction (ITB (http://finance.yahoo.com/q?s=itb)), up 18.1% year-to-date
iShares Dow Jones US Real Estate (IYR (http://finance.yahoo.com/q?s=iyr)), up 4.2% year-to-datehttp://www.etftrends.com/images/2008/04/22/z.png (http://etftrends.typepad.com/photos/uncategorized/2008/04/22/z.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/275565645/existing-home-s.html)
http://www.etftrends.com/images/2008/04/22/home.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/22/home.jpg) The housing slump continued through March, and home-related exchange traded funds (ETFs) reflected this morning's latest numbers.
The National Association of Realtors said sales of existing single-family homes and condominiums fell by 2% in March. The median price of a home also fell 7.7% from the median one year ago, reports Martin Crutsinger for the Associated Press (http://biz.yahoo.com/ap/080422/economy.html). It was the second-largest year-over-year price drop; the largest was February's 8.4% drop.
Sales increased by 2.9% in February, and it had raised hopes that the housing correction had reached the bottom. But analysts don't think a rebound will happen for months.
Homebuilder and real estate ETFs are down midday. So far this year, most of them are up, some into the double digits:
SPDR S&P Homebuilders (XHB (http://finance.yahoo.com/q?s=xhb)), up 17.1% year-to-date
iShares Dow Jones US Home Construction (ITB (http://finance.yahoo.com/q?s=itb)), up 18.1% year-to-date
iShares Dow Jones US Real Estate (IYR (http://finance.yahoo.com/q?s=iyr)), up 4.2% year-to-datehttp://www.etftrends.com/images/2008/04/22/z.png (http://etftrends.typepad.com/photos/uncategorized/2008/04/22/z.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/275565645/existing-home-s.html)