Real Estate Stable Despite Market Losses

Considering the substantial deterioration in major stock averages, the housing market and real estate are stable, and have even managed to make some gains.

We have several good recommendations in process and we continue to favor the long side on pullbacks to support. We also recommend looking at real estate investment trusts with high yields since they may present buying opportunities at weekly and/or monthly support this week.

The following charts show the prices of several housing plays relative to support at the bottom of the MAC channel.

spf mac 8-23-15 xhb mac 8-23-15