The Dow Jones Real Estate index (DJUSRE) has been beaten down recently as the overall market has dropped.  Although I think real estate has much more pain ahead, I think the DJUSRE will rebound soon.  I certainly hope so, as I’d like to get some of my money back.

What I learned recently from the stock market is that it is not enough to understand where the market is headed in the long term.  There are many short-term trends that can mask the underlying behavior.