{"id":18083,"date":"2020-11-16T13:44:15","date_gmt":"2020-11-16T13:44:15","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=18083"},"modified":"2020-11-16T13:44:15","modified_gmt":"2020-11-16T13:44:15","slug":"real-estate-stocks-surge-on-hopes-for-a-vaccine","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/real-estate-stocks-surge-on-hopes-for-a-vaccine\/","title":{"rendered":"Real Estate Stocks Surge on Hopes for a Vaccine"},"content":{"rendered":"

Real Estate Stocks Surge on Hopes for a Vaccine<\/h1>\n
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Monday\u2019s announcement of promising COVID-19 vaccine test results prompted investors to get bullish on several real estate stocks, notably within sectors of the market that have faltered during the pandemic. The Wall Street Journal<\/em> reported as part of Monday\u2019s vaccine news: \u201cThe share prices of some of the country\u2019s biggest property owners were up more than 20% Monday compared with a roughly 3% increase in the Dow Jones Industrial Average.\u201d<\/p>\n

Office owners have faced high vacancy rates during the pandemic. Hotel and retail owners also have been among the hardest-hit real estate sectors during the pandemic as consumers avoid public venues. But after news broke of the positive vaccine results from BioNTech SE and Pfizer Inc., hotels and retailers saw an increase in the stock market.<\/p>\n

Among the winners on Monday: Shares of Host Hotels & Resorts Inc., one of the nation\u2019s largest hotel owners,\u00a0jumped 30%. Simon Property Group, one of the country\u2019s largest mall owners, saw shares increase 28%. SL Green Realty Corp., Manhattan\u2019s largest office owner, posted a 37% increase, WSJ reports.<\/p>\n

\u201cReal estate was a COVID loser,\u201d Michael Knott, head of U.S. REIT research at Green Street, told WSJ. \u201cMany of the business models are based on assembly of people. And now with the potential vaccine, it\u2019s like Doc Brown [from ‘Back to the Future’] figured out how to get his time machine to work.\u201d<\/p>\n

Pfizer reported on Monday that its early data suggested its vaccine under development might be 90% effective in preventing COVID-19.<\/p>\n

\u201cThis offers a ray of hope that the market did not hesitate to take advantage of,\u201d Tai Hui of J.P. Morgan Asset Management said in a report.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Source:<\/div>\n
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\u201cReal-Estate Stocks Soar on Hope Vaccine Will Ease Covid Concerns<\/a>,\u201d The Wall Street Journal (Nov. 9, 2020) [Log-in required.]<\/div>\n
\u00a9National Association of REALTORS\u00ae
\nReprinted with permission<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Real Estate Stocks Surge on Hopes for a Vaccine Monday\u2019s announcement of promising COVID-19 vaccine test results prompted investors to get bullish on several real estate stocks, notably within sectors of the market that have faltered during the pandemic. The Wall Street Journal reported as part of Monday\u2019s vaccine news: \u201cThe share prices of some … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-18083","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nReal Estate Stocks Surge on Hopes for a Vaccine - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/real-estate-stocks-surge-on-hopes-for-a-vaccine\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/real-estate-stocks-surge-on-hopes-for-a-vaccine\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/real-estate-stocks-surge-on-hopes-for-a-vaccine\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Real Estate Stocks Surge on Hopes for a Vaccine\",\"datePublished\":\"2020-11-16T13:44:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/real-estate-stocks-surge-on-hopes-for-a-vaccine\\\/\"},\"wordCount\":322,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/real-estate-stocks-surge-on-hopes-for-a-vaccine\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/real-estate-stocks-surge-on-hopes-for-a-vaccine\\\/\",\"name\":\"Real Estate Stocks Surge on Hopes for a Vaccine - 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