Exiles in Eden: a slice of Great Recession housing market history worth exploring today
Published . Updated .
Key takeaways
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In 2008, during the so-called Great Recession, real estate markets and financial institutions collapsed under the weight of over-expectation and you might say greed. Homes became investments instead of places to call home. Mortgages became bundled financial instruments instead
Directly affected
- No company is named in this report.
Indirectly affected
- XLRE Real Estate Select Sector SPDR+2.7% 30d
Real Estate Select Sector SPDR: it holds property and homebuilding stocks. Linked by “housing” (real estate) in this story.
- XHB SPDR S&P Homebuilders ETF+5.0% 30d
SPDR S&P Homebuilders ETF: it holds property and homebuilding stocks. Linked by “housing” (real estate) in this story.
- PLD Prologis-3.7% 30d
Prologis (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “housing” (real estate) in this story.
- DHI D.R. Horton+5.6% 30d
D.R. Horton (operative builders): housing and property firms move with mortgage rates and demand. Linked by “housing” (real estate) in this story.
- LEN Lennar+5.6% 30d
Lennar (general bldg contractors - residential bldgs): housing and property firms move with mortgage rates and demand. Linked by “housing” (real estate) in this story.
- WELL Welltower+6.1% 30d
Welltower (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “housing” (real estate) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLRE | -0.80% | +2.52% | base | +1.50% | after close | after close | after close |
| XHB | +2.24% | +5.19% | base | +3.66% | after close | after close | after close |
| PLD | +2.13% | +3.47% | base | +2.80% | after close | after close | after close |
| DHI | +0.44% | +3.14% | base | +2.20% | after close | after close | after close |
| LEN | +2.56% | +3.86% | base | +3.17% | after close | after close | after close |
| WELL | -2.44% | +1.19% | base | +0.93% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Exiles in Eden: a slice of Great Recession housing market history worth exploring today WGCU
Source: WGCU
Price since this story was published: Select Sector Spdr Tr (XLRE)
| Company | When | Move | Status |
|---|---|---|---|
| Horton D R (DHI) | that day | +2.20% | final price |
| Horton D R (DHI) | three days earlier | +3.14% | final price |
| Horton D R (DHI) | five days earlier | +0.44% | final price |
| Lennar (LEN) | that day | +3.17% | final price |
| Lennar (LEN) | three days earlier | +3.86% | final price |
| Lennar (LEN) | five days earlier | +2.56% | final price |
| Prologis (PLD) | that day | +2.80% | final price |
| Prologis (PLD) | three days earlier | +3.47% | final price |
| Prologis (PLD) | five days earlier | +2.13% | final price |
| Welltower (WELL) | that day | +0.93% | final price |
| Welltower (WELL) | three days earlier | +1.19% | final price |
| Welltower (WELL) | five days earlier | -2.44% | final price |
| State Street Spdr S&P Homebuilders Etf (XHB) | that day | +3.66% | final price |
| State Street Spdr S&P Homebuilders Etf (XHB) | three days earlier | +5.19% | final price |
| State Street Spdr S&P Homebuilders Etf (XHB) | five days earlier | +2.24% | final price |
| Select Sector Spdr Tr (XLRE) | that day | +1.50% | final price |
| Select Sector Spdr Tr (XLRE) | three days earlier | +2.52% | final price |
| Select Sector Spdr Tr (XLRE) | five days earlier | -0.80% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. David J. Taylor bought Prologis (PLD), worth $1,001 - $15,000 on 15 Oct 2026. That is 25 days before publication. Filed 29 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Prologis (PLD) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 45 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Prologis (PLD) (held by a dependent child), worth $15,001 - $50,000 on 11 Sep 2026. That is 59 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Horton D R (DHI), worth $15,001 - $50,000 on 17 Aug 2026. That is 84 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Lennar (LEN) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 45 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Lennar (LEN) (held by a dependent child), worth $1,001 - $15,000 on 11 Sep 2026. That is 59 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Lennar (LEN), worth $15,001 - $50,000 on 28 Aug 2026. That is 73 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Select Sector Spdr Tr (XLRE)
Companies carried with this story
- XLRE Select Sector Spdr Tr
For “Exiles in Eden: a slice of Great Recession housing market history worth exploring today,” Select Sector Spdr Tr (XLRE) is linked, with no stored direction, medium confidence. Reason on file: Real Estate Select Sector SPDR: it holds property and homebuilding stocks. Linked by “housing” (real estate) in this story
- XHB State Street Spdr S&P Homebuilders Etf
For “Exiles in Eden: a slice of Great Recession housing market history worth exploring today,” State Street Spdr S&P Homebuilders Etf (XHB) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Homebuilders ETF: it holds property and homebuilding stocks. Linked by “housing” (real estate) in this story
- PLD Prologis
For “Exiles in Eden: a slice of Great Recession housing market history worth exploring today,” Prologis (PLD) is linked, with no stored direction, medium confidence. Reason on file: Prologis (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “housing” (real estate) in this story
- DHI Horton D R
In “Exiles in Eden: a slice of Great Recession housing market history worth exploring today,” Horton D R (DHI) is linked, with no stored direction, medium confidence. Reason on file: D.R. Horton (operative builders): housing and property firms move with mortgage rates and demand. Linked by “housing” (real estate) in this story
- LEN Lennar
For “Exiles in Eden: a slice of Great Recession housing market history worth exploring today,” Lennar (LEN) is linked, with no stored direction, medium confidence. Reason on file: Lennar (general bldg contractors - residential bldgs): housing and property firms move with mortgage rates and demand. Linked by “housing” (real estate) in this story
- WELL Welltower
Welltower (WELL) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “Exiles in Eden: a slice of Great Recession housing market history worth exploring today.” Reason on file: Welltower (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “housing” (real estate) in this story
Select Sector Spdr Tr (XLRE)
“Exiles in Eden: a slice of Great Recession housing market history worth exploring today” (9 Nov 2026) reaches Select Sector Spdr Tr (XLRE) through this story.
Select Sector Spdr Tr (XLRE) is on the page because Real Estate Select Sector SPDR: it holds property and homebuilding stocks. Linked by “housing” (real estate) in this story
State Street Spdr S&P Homebuilders Etf (XHB) is here too. Its reason reads: SPDR S&P Homebuilders ETF: it holds property and homebuilding stocks. Linked by “housing” (real estate) in this story
Price levels for Select Sector Spdr Tr (XLRE)
PLD traded between 123.44 and 134.88 across 20 sessions. The latest close on file is 129.06. XHB traded between 91.93 and 104.89 across 20 sessions. The latest close on file is 101.97. XLRE traded between 40.28 and 43.70 across 20 sessions. The latest close on file is 43.64.
How strong the case is around Select Sector Spdr Tr (XLRE)
46 out of 100
“Exiles in Eden: a slice of Great Recession housing market history worth exploring today” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.