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August 16, 2019: VNQ, is the Vanguard Real Estate ETF “tracking the performance of the MSCI US Investable Market Real Estate 25/50 Index that measures the performance of publicly traded equity REITs and other real estate-related investments.”
Make of it what you will. 2007 was considered by many at the time to be a real estate bubble.

Chart updated September 10.

March 21, 2020 update:  VNQ has fallen to 59.68.  We wouldn’t expect a booming real estate market any time soon.