Real Estate Stocks Slide as Investors Brace for Possible September Fed Rate Hike
U.S. real estate stocks declined as investors increased expectations for a September Fed rate hike to 55%, up from 35.4%. The S&P 500 Real Estate sector fell 1.28%, while XLRE dropped 1.33% to $44.48. Host Hotels & Resorts (HST) and Iron Mountain (IRM) led large-cap decliners, while SBA Communications (SBAC) gained 4.58%. Fermi (FRMI) and Real REMAX Group (REAX) were among the notable mid and small-cap losers.




