# Real Estate Stocks Fall as Treasury Yields Push Investors Toward Technology

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/24466
Published: 2026-09-26T19:03:52.000Z
Updated: 2026-09-26T19:03:52.000Z
Section: Investing

> The 30-year Treasury yield reached its highest level since 2004 on Sept. 24, while the 10-year yield rose to 5.14%, weighing on rate-sensitive shares.

Real estate stocks weakened during the week ended Sept. 25 as rising Treasury yields increased pressure on rate-sensitive companies and shifted market leadership toward technology shares.

KB Home declined after lowering its margin guidance during its earnings call, despite exceeding third-quarter earnings expectations. The move added to pressure on housing-related shares.

Telecom tower real estate investment trusts Crown Castle and SBA Communications were among the sector's notable decliners. Host Hotels & Resorts and Welltower gained, while JPMorgan upgraded Welltower.

Major U.S. stock averages advanced during the week even as real estate shares fell. Higher bond yields can raise financing costs and reduce the appeal of income-oriented real estate investments compared with fixed-income assets.

The bond-market selloff pushed long-term Treasury yields to multiyear highs. The 30-year yield reached its highest level since 2004 on Sept. 24, while the 10-year yield climbed to 5.14%, its highest level since 2007.

Long-term Treasury yields influence borrowing costs for households, companies and the federal government. Yields above 5% also increase the income competition faced by equities and can weigh on stock valuations.

The shift extends the pressure described in earlier coverage of the Treasury-market selloff, which detailed the impact of higher long-term borrowing costs across the economy.

## Links in this article

- [earlier coverage of the Treasury-market selloff](https://www.tokenpost.com/news/investing/23627)