Top Real Estate News for Friday, Nov. 19, 2021: 2 REITs and More Fed Spending
A mall giant and a nursing home REIT could benefit from more public spending, two fools analyze residential iBuying why UWM shares are up today, commercial real estate in space and not sleeping on the pandemic.
Two REITs that would benefit from the government putting more money into the economy
With an infrastructure bill now signed and a huge social spending and climate change package passed by the House of Representatives today, now may be a good time to look at Real Estate Investment Trusts (REITs) that could benefit from more government money in the economy.
Motley Fool employee Reuben Gregg Brewer picks mall giants Simon Property Group (NYSE: SPG) and senior housing specialist Omega Healthcare Investors (NYSE: OHI) as the beneficiaries of more cash flow for consumers in general and the hard-hit niche in nursing homes. It could certainly be more.
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Two large red flags with Zillow’s iBuying bug
Zillow (NASDAQ: ZG)(NASDAQ: Z) recently surprised investors with the announcement that it would be giving up the iBuying business entirely, despite being advertised as the company’s largest future growth driver. In this Fool Live clip, Fool.com contributors Matt Frankel and Tyler Crowe discuss two of the biggest red flags they see taking this step.
Matt and Tyler analyze what happened as the company with perhaps the most residential real estate data of all could not do better with its number crunching, and like rivals Open door and Offer block could be better with this new way of shopping.
Why UWM’s shares are up today
Mortgage Lender’s Shares UWM stocks (NYSE: UWMC) was up more than 15% at 2:40 p.m. ET after the company said it had decided not to launch a planned second bid. UWM also said it will “speed up” its previously announced share buyback program.
Bram Berkowitz, a contributor to the Motley Fool, says it seems a bit strange to announce a second offer and then reverse course two days later. But market conditions have not been easy this week, and at the end of the day, the accelerated buyback plan will add value to the existing shares so shareholders won’t be complaining.
Bezos plans “Space Business Park”: is this the next frontier for real estate investment?
Jeff Bezos’ Blue Origin teamed up with several aviation companies to create the first commercial business park in space: Orbital Reef. They plan to have it operational by the late 2020s, just in time to replace the soon-to-be-decommissioned International Space Station (ISS).
Motley Fool writer Kristi Waterworth also notes here that Bezos’ team, as futuristic and far-fetched a business park in space may sound, are not the only ones determined to make the world’s longest commute. Lockheed Martin (NYSE: LMT) has teamed up with other space hopes to bring Blue Origins into space with its Starlab.
The pandemic resurgence may go under the radar here, but it shouldn’t be
Nations across Europe are stepping up their fight against COVID-19 to the point of complete lockdowns as the Delta variant drives up cases and victims. Bloomberg pointed out in a post today that the word “lockdown” does not appear at all Goldman sachs’ (NYSE: GS) and Morgan Stanley‘S (NYSE: MS) Outlook for Europe now for 2022 and a survey of fund managers by Bank of America (NYSE: BAC) puts the virus in fifth place on its list of risks to markets.
The holidays and flu season are here, and COVID-19 doesn’t seem as threatening as inflation to many right now, but real estate investors need to watch out for changes that could send people home from shops, restaurants and offices.
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