The Rundown on REITs
"What do you think about REITs?" That's a question I have been asked fairly frequently over the past few weeks. Rightfully so, since this asset class, which skyrocketed in the past few years, now appears to have fallen on hard times. Year to date through July 6, the Standard & Poor's Composite 1500 index gained 8.5%, while the majority of the six real estate investment trust indexes declined from approximately 3% to 6.5%. This erosion in performance has caused many to ask: "Is this the beginning of the correction in real estate stocks?"
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