REITs encompass more than just housing (there are large REITs for malls, office buildings, prisons, and even data centers). I would imagine that multifamily and

REITs encompass more than just housing (there are large REITs for malls, office buildings, prisons, and even data centers). I would imagine that multifamily and student housing REITs increasing in equity value would allow them to use some of that value to take on more projects, thus increasing demand for real estate and increasing the price. But most of the sandboxes that they're playing in aren't individual homes (other than mortgage REITs which represent about 10%, not sure how they would be impacted, I'm not a REIT expert).