Residential REIT ETF

The median U.S. asking rental price saw an annual 0.8% increase in May to $1,653, marking the highest level since October 2022, sustaining an upward trend driven by robust demand and constrained supply. This is the second consecutive month of rent increases following nearly a year of declines, highlighting the ongoing affordability challenges renters face nationwide, according to Redfin data. The recent uptick in the median asking rent, which now stands just $47 below the record high, saw significant increases in Washington, D.C., Cincinnati, and Chicago, all of which experienced double-digit growth. On Tuesday, the iShares Residential and Multisector Real Estate ETF (NYSE:REZ) declined by 0.9%, while the Tidal ETF Trust Residential REIT ETF (NYSE:Full story available on Benzinga.com

Related tickers: REZ, HAUS.

REITs saw a strong bounce-back in March, with gains in mid, small, and large caps, and positive total returns for the majority of securities. Read more here.

Related tickers: VNQ, OUT, CORRQ, GIPR, IVT, CTRE, WSR, HPP, FSP, SLG, ARE, SCHH, XLRE, IYR, USRT, ICF, DFGR, RWR, DFAR, FREL, BBRE, REZ, SRVR, JPRE, INDS, SRET, KBWY, ROOF, DCRE, PPTY, RSPR, FRI, PSR, NETL, NURE, REIT, WTRE, GREI, VRAI, RDOG, ERET, BYRE, RITA, JRE, CRED, HAUS.