Interrent Real Estate Investment Trust (TSE:IIP.UN – Free Report) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$12.98 and trades as low as C$12.34. Interrent Real
Why Real Estate Stocks Popped This Week
What happened
Real estate stocks were moving higher this week, especially ones hit hard by the post-pandemic sell-off in the sector as mortgage rates spiked, home prices fell, and the once red-hot housing market cooled off.
Among this week’s winners
