Near Breaking Out, Realogy Bids to Add to Housing Outperformance

Turnkey Two years ago I wrote a somewhat snarky article about a partnership between Realogy Holdings (RLGY) and Amazon.com (AMZN) titled “Realogy and Amazon.com Partner Up But Does It Matter?” Real estate services company Realogy (RLGY) worked out a deal to increase order flow by hooking into Amazon.com (AMZN) smart products for the home. They … Read more

Flashing A Mix of Signals Going into Housing’s Spring Selling Season – Housing Market Review (February, 2021)

Housing Market Intro and Summary A little over a month after Federal Reserve Chairman Jerome Powell suggested that the housing market would soon normalize, mortgage rates have increased and the stocks of home builders have generally gone nowhere. The National Association of Realtors projected much stronger growth in existing home sales this year than in … Read more

The Fresh Cracks In Housing-Related Stocks

First the good news. The iShares Dow Jones US Home Construction Index Fund ETF (ITB) lost 3.2% on Friday but bounced sharply from the lows of the day. That bounce preserved support at the uptrending 200-day moving average (DMA) and set the stage for a potential higher low that generates a lasting bottom. While, the … Read more

Real Estate Pairs Trade Refresh: Long Redfin, Short Zillow Group

The ratio of Redfin (RDFN) vs Zillow Group (Z) (ZG) is bouncing off its well-supported historic lows.

My last pairs trade going long Redfin (RDFN) calls versus long Zillow Group (Z) (ZG) put options did not work out as I over-extended my stay on RDFN. A fresh opportunity for a pairs trade has arrived with RDFN neatly testing key support after reversing most of its post-earnings gains and with Zillow Group in … Read more