Everyone's selling REITs short

It looks like there is not much confidence in CRE, at least at the REIT level. David Bodamer (citing thestreet.com) tells us that investors are shorting REITs at near record numbers. So, even though REITs are way off their highs, the expectation is that the prices (both of property and stock) are going down even more.

This could be a time to pick up the stocks (on which we made a nice profit) or it could be a sign of more decline to come. There's no guarantees in this market. It all depends on your take of the fundamentals. Sometimes there's too much emphasis on the fall and prices overcorrect. Again, it's your call.

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