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Core Insights - The article discusses the investment landscape in the real estate sector, particularly focusing on the performance and potential of various real estate investment trusts (REITs) and housing-related companies [2][3]. Group 1: Company Insights - Hoya Capital Research & Index Innovations is affiliated with Hoya Capital Real Estate, providing investment advisory services and market commentary focused on publicly traded securities in the real estate industry [2]. - The commentary emphasizes that it is for informational and educational purposes only, and does not constitute investment, tax, or legal advice [2]. Group 2: Industry Insights - The real estate industry is highlighted as having unique risks associated with investments in real estate companies and housing industry companies, which may not be suitable for all investors [2]. - The article notes that past performance of market data does not guarantee future results, indicating the inherent volatility and unpredictability of the real estate market [3].

Core Points - The liquidity contract between Nexity and Rothschild Martin Maurel was reported as of 30 June 2025, detailing the assets in the liquidity account [2] - Nexity is listed on the SRD and Compartment B of Euronext and is a member of several indices including SBF80, SBF120, CAC Mid60, CAC Mid & Small, and CAC All Tradable [2] Summary of Transactions - In the first half of 2025, Nexity purchased 1,791,937 shares for a total of €19,454,576 across 7,073 transactions and sold 1,776,937 shares for €19,265,379 across 10,413 transactions [4] - As of 31 December 2024, the liquidity account had 0 shares and €3,629,606 [4] - In the second half of 2024, Nexity purchased 1,984,940 shares for €23,767,085 and sold 2,154,940 shares for €25,533,260 [4] - On 2 May 2024, when the liquidity contract with Rothschild Martin Maurel was implemented, the liquidity account had 273,110 shares and €577,349 [4]

Core Insights - The Australian real estate market is undergoing a significant rebalancing, creating new opportunities for buyers after two years of volatility [1] - The hottest markets are cooling down due to affordability constraints, while previously weaker markets are gaining strength, aided by lower interest rates [1] Group 1: Market Trends - In Queensland, South Australia, and Western Australia, price growth is slowing down, with Brisbane, Adelaide, and Perth experiencing price increases of 1.6%, 1.3%, and 1.6% respectively over the past three months, compared to last year's increases of 3.9%, 4.3%, and 6.1% [3] - Remote areas in Queensland and Western Australia, such as Mackay, Gladstone, Townsville, and Toowoomba, are also showing signs of slowing growth after previously experiencing double-digit growth rates [5] Group 2: Buyer Opportunities - Slower price growth is expected to reduce "fear of missing out" (FOMO), allowing buyers to negotiate better deals and participate in auctions with less competitive pressure [5] - Buyers now have a better chance to maintain savings growth in line with property price growth, enabling them to accumulate sufficient down payments for desired properties [5] Group 3: Recovery in Previously Underperforming Markets - Previously underperforming markets, particularly in Victoria and Tasmania, are beginning to see price increases, with Melbourne and Hobart experiencing rises of 1.2% and 0.9% respectively over the past three months, contrasting with last year's declines [5] - Remote towns in Victoria, such as Geelong, Ballarat, and Warrnambool, are stabilizing or slightly recovering after previous declines, indicating a potential market bottom [7] Group 4: Current Market Position - New South Wales and the Australian Capital Territory are at a median level nationally, with Sydney's prices increasing by only 1.1% over the past year, while regional New South Wales saw a 3.3% increase and Canberra experienced a 0.7% decline [7] - Now is considered a good time for action, whether seeking value in previously hot markets or planning purchases in stable or recovering markets, especially before anticipated interest rate cuts potentially accelerate price growth [7]

Group 1 - The real estate sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1][2] - An asset is considered oversold when the Relative Strength Index (RSI) is below 30, indicating potential short-term performance improvement [1] Group 2 - MacKenzie Realty Capital Inc (MKZR) reported a third-quarter loss of $0.47 per share, compared to a loss of $0.26 per share a year ago, with an RSI value of 24.5 [6] - The stock of MacKenzie Realty Capital fell approximately 26% over the past month, closing at $0.64, with a 52-week low of $0.60 [6] - La Rosa Holdings (LRHC) announced an 80-for-1 reverse stock split, with an RSI value of 17.6, and its stock fell around 43% over the past five days, closing at $0.080 [6]

Group 1 - The China Securities Regulatory Commission (CSRC) aims to maintain a stable and orderly control over bond defaults and risks in private equity funds [1] - Experts suggest that banks removing 5-year large-denomination time deposits is a move to reduce funding costs [2] - The Ministry of Finance plans to issue 11 ultra-long-term special government bonds in the third quarter, with 4 of them having their issuance dates advanced [3] Group 2 - The first batch of 10 Science and Technology Innovation Bond ETFs has been approved [4] - Longfor Group has repaid nearly 9 billion yuan in public bonds this year [5] - A low-cost financing window has opened, leading to increased enthusiasm among banks for issuing Science and Technology Innovation Bonds [6] Group 3 - The China Securities Index has officially approved the China Merchants CSI AAA Technology Innovation Corporate Bond ETF [7] - Chipone Technology plans to issue no more than 4 billion yuan in corporate debt financing instruments [8] - Poly Developments' second phase of corporate bonds has interest rates of 2.12% and 2.39% for two varieties [9] Group 4 - Mexican bonds surged by 22%, with institutions stating that "the trading is far from over" [10] - SoftBank in Japan plans to issue 4.2 billion USD in bonds, focusing on investments in the AI sector [11]

Core Insights - Sydney's real estate market is experiencing a phenomenon known as "fear of missing out" among buyers due to rising property prices and decreasing interest rates [1][5] - High-end areas in Sydney have seen significant price increases, contrasting with trends in more affordable markets across the country [1][3] Price Trends - In June, Sydney's eastern suburbs recorded the highest price increase at 0.99%, followed by North Beaches at 0.96% and the Ryde area at 0.91% [3] - Overall, property prices in the Greater Sydney area rose by 0.5% in June, while regional New South Wales saw a 0.3% increase [5] Market Dynamics - The increase in prices indicates a "sharp acceleration" in market momentum, driven by buyer activity fueled by the fear of missing out [5][7] - Buyers are motivated not only by lower interest rates but also by expectations of continued price increases [5] Supply Constraints - The total number of listings in Sydney decreased by 10.3% in June, exacerbating the supply shortage and contributing to buyer anxiety [7] - Future price growth may be slower compared to previous periods of interest rate easing, as affordability concerns are likely to limit price increases [7]

Core Insights - Dubai's real estate market has achieved a record transaction value of 142.7 billion dirhams in Q1 2025, marking a 30% increase year-on-year, with transaction volume rising by 22% [1] - The average residential prices in Dubai have seen a significant increase, with an 18% rise in 2024 and a 20% increase in Q1 2025, contributing to a total growth of 146.6% over the past five years [1] Group 1: Population Growth - Dubai's population has reached 3.8 million, with an expected annual growth rate of 3.6% over the next decade, where expatriates make up 88% of the population [3] - The demographic trend shows a youthful population, particularly in the 30-34 age group, which constitutes nearly 17% of the total population, driving housing demand [3] Group 2: Tax Advantages - Dubai's "tax haven" strategy eliminates personal income tax, capital gains tax, property tax, and inheritance tax, attracting global capital [4] - The implementation of corporate tax exemptions in free zones has led to a surge in multinational companies establishing regional headquarters, further boosting housing demand [4] Group 3: Golden Visa Program - The introduction of the "Golden Visa" program in 2019 allows foreign investors to obtain a 10-year residency by investing in properties worth over 2 million dirhams, attracting over 100,000 high-net-worth individuals [6] Group 4: International Education Resources - Dubai boasts over 200 international schools, accounting for nearly half of the UAE's educational resources, with a focus on British, American, and International Baccalaureate curricula [7] - The high quality and affordability of international schools in Dubai attract many expatriate families, driving demand for real estate [7] Group 5: Currency Dynamics - The depreciation of the US dollar and the appreciation of the euro against the dirham have made Dubai real estate more financially viable for foreign buyers, with a nearly 10% increase in the euro's value against the dirham since the beginning of the year [9] - The number of high-net-worth individuals residing in Dubai is expected to increase by 40% over the next decade, providing further investment opportunities in the real estate market [9]

Investment Rating - The report maintains a base case for a 25 basis point rate cut in September, with potential for an earlier cut in July if unemployment rises sharply [6][11][40]. Core Insights - The Federal Reserve is closely monitoring economic data over the summer months to determine the timing of potential rate cuts, with a consensus forming around the likelihood of cuts resuming in September [5][8]. - Consumer spending has shown significant slowdown, particularly in real services spending, which has implications for economic growth and inflation [10][12][19]. - The unemployment rate is projected to rise to 4.4% in June, with a possibility of reaching 4.5% if job market conditions worsen, which could prompt earlier rate cuts [11][23][40]. Economic Indicators - Services inflation has remained subdued, with core PCE inflation at 0.179% month-over-month, indicating a cooling inflation environment [9][30]. - Real personal spending has stagnated, with a notable decline in both goods and services spending observed in recent months [10][30]. - The housing sector is experiencing weakness, with new home sales declining by 13.7% month-over-month in May, reflecting ongoing challenges in the market [15][18][30]. Labor Market Trends - Initial jobless claims have shown a slight decline, but continuing claims are rising, suggesting a loosening labor market [24][67]. - The Conference Board Consumer Confidence Index fell to 93.0 in June, indicating growing concerns among consumers regarding the labor market and economic conditions [19][30]. - Average hourly earnings are expected to slow to 0.2% month-over-month, reflecting a weakening labor demand environment [38][39]. Manufacturing and Trade - ISM Manufacturing is expected to remain in contraction, while ISM Services is projected to rebound slightly, indicating modest growth in services activity [60][63]. - The trade balance is anticipated to widen to -$71.7 billion, driven by a drop in exports, which could weigh on GDP growth [57][58].

Final trade time, Lori. Uh, materials. Um, cheap.My analysts love it and benefits from the weaker dollar. Great to have you, Lori. Tim, great to have Lori here.Melco, I I think that trade in Macau is alive and well. Karen. Yeah.So, if rates go lower, this is great for the re for real estate trade. ZG, the the Aclass of Zillow. Dan.Yeah, I was surprised Apple rallied on that headline here. I'd be probably more excited to hear them buying perplexity, but I'd fade Apple here. ...