NEW YORK – U.S. real estate stocks are struggling this year after a rough 2022, as fears that banks will tighten lending standards pile pressure on a sector already hit by higher interest rates. After slumping 28 percent last year, the S&P 500 real estate sector has gained about 1 percent in 2023, lagging an 8 percent rise for the overall S&P 500. Real estate is the only one of the 11 S&P 500 sectors to underperform the benchmark index in both 2022 and so far in 2023. Driving this year's struggles are fears that tumult in the banking sector following the collapse of Silicon Valley Bank in March will make it more difficult for real estate companies to access debt, as banks become more stringent on lending.

https://business.inquirer.net/396630/banking-crisis-scars-struggling-u-s-real-estate-stocks

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