Another day, another meltdown in commercial real estate (CRE) shares. The iShares U.S. Real Estate ETF (IYR) has now given up every penny of gains going all the way back to the beginning of March, as you can see in this chart …
I have hammered this sector repeatedly, highlighting how CRE values surged more this time around than they did in the mid-2000s. That’s shocking, considering that period is widely considered to be the biggest U.S. real estate bubble in history (up to that point). Don’t go down with this sinking ship. Stay the heck away from REITs and other stocks exposed to a real estate down cycle.
