Commercial Real Estate News for Wednesday, Feb. 1

Commercial Real Estate News

The commercial real estate news for February 1 covers the fate of the ACA and healthcare REITs, a struggling Sears, and a robust housing market.

Despite Uncertainty Over Drive to Repeal Obamacare, Investors Banking on Demographics to Maintain Healthy Outlook for Health-Care Properties

Healthcare REITs staggered a bit in the aftermath of the unexpected election results. The sector has experienced a loss of 2.7% since November, largely based on the fear of a complete Obamacare repeal. Economists advise investors not to worry though. The experts point to the huge population of aging baby boomers as a sign of a healthy future for healthcare.

Sears Shares have Lost 30% of Their Value in Four Days

It’s a tough time for retailers. After trading for $195.18 in 2007, Sears stocks were trading for a mere $6.86 at the beginning of this week. Moody’s Vice President Christina Boni complimented Sears’ ability to stay afloat through strategic use of their assets, but warned that a fiscal turnaround in 2017 was vital for them to survive.

US home Prices Rose 5.6% in November: S&P CoreLogic Case-Shiller

An energized economy lead to rising house prices in November,  according to the S&P/Case-Shiller U.S. National Home Price Index. Their report credited rising disposable personal income, lower unemployment, and continued low interest rates as factors in the growth. Experts expect Trump’s pro-growth agenda, infrastructure plans and tax reforms to continue the price increases.

 

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