Sector Overview

Real Estate is the sector most directly affected by interest rates. When the Fed raises rates, mortgage costs go up, housing demand softens, and REIT valuations come under pressure. When rates go down, the opposite happens. The Trap Ledger covers the real estate sector through the lens of REITs (Real Estate Investment Trusts), commercial property trends, residential housing data, and mortgage market dynamics. We track names like Prologis (warehouses), American Tower (cell towers), Realty Income (retail), and the homebuilders like D.R. Horton and Lennar. Housing data — new home sales, existing home sales, housing starts — are some of the most important economic indicators. The Ledger makes sure you understand what they mean for your money.