🏡 Cap rates have declined below the yield on 1-year T-bills. The institutional cash buyer is evaporating from the housing market.

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#realestate #housing #housingprices #home #investing #investment #trading #stocks #macro #macroeconomics #economy #economics #IYR #VNQ #XHB #news

https://capitalnotes.substack.com/p/chart-of-the-day-march-6-2023?sd=pf

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