Appearances can be misleading: the real estate business is a lot stronger in reality.
On the surface, it seems like the real estate industry is struggling. It’s easy to see why. The industry, for instance, was ranked as the S&P 500’s third worst-performing sector in 2022. But appearances can be misleading: the real estate business is a lot stronger in reality, according to Todd Henderson, Co-Head of Global Real Estate DWS Group.
Henderson contends that the market broadly, from rentals to home buyers, is doing well with one exception: commercial office buildings.
“The underlying fundamentals of real estate are quite strong,” Henderson told Yahoo Finance.