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Real estate funds lose 36.5% in awful year

October 10th, 2008, 1:00 pm · 7 Comments · posted by Jon Lansner

Traders On Chicago Mercantile Exchange React To Global Market Slide

What a difference a year makes!

Thursday marked the 1-year anniversary of the stock market’s all-time high, as measured by the Standard & Poor’s 500 index. Here’s the sum of the ugliness of the ensuing 12 months, as measured by the major Morningstar mutual fund categories …

  1. Health: -22.3%
  2. Small Value: -33.2%
  3. Utilities: -33.5%
  4. Natural Resources: -34.9%
  5. Large Blend: -35.7%
  6. Small Blend: -36.3%
  7. Mid-Cap Value: -36.4%
  8. Real Estate: -36.5%
  9. Large Growth: -36.5%
  10. Mid-Cap Blend: -36.9%
  11. Large Value: -37.2%
  12. Small Growth: -39.7%
  13. Mid-Cap Growth: -39.9%
  14. Technology: -41.8%
  15. Financial: -45.2%
  16. Communications: -50.6%

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Worried about your money in these troubled times?

More about the meltdown:

Read more about O.C.’s priciest homes:

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 7 Comments

  • NationalBubble.com says:
    October 10, 2008 at 2 pm

    For those of you who haven’t watched this yet, take a look

    Foreclosure Alley - California housing crash

    What is happening out there with the housing market is horrible.

  • rants says:
    October 10, 2008 at 3 pm

    before reading this article please get a bucket
    and place it next to your chair- it may have a
    very nauseus effect on your tummy

    http://www.rgemonitor.com/roubini-monitor/253973/the_world_is_at_severe_risk_of_a_global_systemic_financial_meltdown_and_a_severe_global_depression

  • Sure says:
    October 10, 2008 at 3 pm

    Day Traders/Speculators - You need to worry about the stock market, not home ownership. All the money you lost in the STOCK MARKET is keeping you from putting 20% down on your home. People in homes are consoling people who invested in the stock market, even today. It’s going down another 20%. What’s happening out there is indeed terrible. World wide markets! It’s not just the US stocks, it’s everywhere. So hold on to your hats, it’s coming down down down. You can see it for yourselves. No cheerleading needed. Oh BTW, famous lines used on these blogs…IT’S JUST GETTING STARTED! YOU AINT SEEN NOTHING YET!

  • bpsqwerty says:
    October 10, 2008 at 4 pm

    yes, yes, that’s it. horrible what happened to the housing market. terrible, just terrible.

  • Outlook says:
    October 10, 2008 at 5 pm

    This economy is going to be bleeding for awhile and I hope that the next President takes a proactive approach rather than a reactive approach. We have to start investing in alternative energy now to create more jobs and revenue for the country. Although most of us aren’t fond of the big oil companies, they have to be some of the ones that lead the way. Yeah, we complain about paying for high energy prices… but at least if it’s homegrown we can somewhat regulate it and it will create tons of jobs. Hopefully new leadership can bring vision and ideas.. rather than panic and indecision.

  • Bill says:
    October 10, 2008 at 6 pm

    Jon,

    Real Estate stock is ranked #8 when you take a year over year measurement.

    The important thing you forgot to mention is that real estate stock has been freefalling for over 3 years.

    Toll Brothers decline in 3 years.….. -65%

    DR Horton decline in 3 years…… -81%

    Centex Corporation decline in 3 years…… -88%

    Lennar Corp. decline in 3 years…… -86%

    Pulte Homes decline in 3 years…… -77%

    KB Home decline in 3 years…… -82%

    The morale to this story is that real estate stocks have declined far more than any other stock fund in the last three years and of course real estate has caused this world recession/depression.

    Let’s try calling a spade a spade.

  • Jason says:
    October 12, 2008 at 4 am

    I’m happy to see Joe & Sally Speculator lose 40% from their stock accounts. There was a long bull market, where a lot of dumb and lucky people made way too much money. I knew we were near a peak when I saw so much snake oil in the marketplace, ala Chuck Ponzi telling us he could be a full-time trader with his stellar track record (that he won’t produce, strangely), but chooses not to. Or that blogger who writes The Mess That Greenspan Made, who sells financial advice even though his track record is certifiably terrible. Or the several “My First Million by Age 33″ websites that abounded for awhile. Reality has set in; you people, and all the sheeple that followed, are clueless (add Jim Cramer’s mindless followers, too) and THAT ponzi scheme is now over. Welcome to the world where real etate and the stock market don’t always go up. Now where do I sign up to receive your financial advice newsletter again? (funny all the commodities, crude oil, Rice-panic, “energy” pundits sure are quiet these days!!! ;-)