OMG, Don Rickles, is it really you?!!!! Commercial real estate is commercial real estate, moron. The holdings of this ETF have little to do with residential real estate. Home sales have nothing to do with this ETF in a direct sense. Indirectly, some of the holdings of URE are impacted by residential sales both in a positive or negative way. Home sales have a directly inverse correlative impact on apartment leases. Home sales have a direct correlative impact on wood product sales. Home sales may or may not have a correlation to storage leasing. And so on and so on.
URE is all about COMMERCIAL REAL ESTATE. If you get your head out of your arse, you would see that REITS in URE have very little to do with RESIDENTIAL REAL ESTATE (i.e home sales.)
If you need further proof, here are URE's current holdings:
Why so low? Are you anticipating a sudden crash or a slow bleed? I watched FAZ tunnel its way to the bottom of the chart earlier this year and it just kept going down without looking back, but URE hasn't turned downwards yet. What is the tipping point that would send it so low?
I agree! Long term hold is the way to go with URE, the yield is great! and the potential for growth is there! Eventually RE has to recover and when it does.. Cha ching! may be a while, but I don't know if it will go much lower.. good entry point.