In Brief: Aug. 7, 2000

REBOUNDING REITS Real estate investment trusts are publicly traded companies that invest in properties ranging from New York City skyscrapers to Texas prisons. Despite high dividends, averaging 7%, REITs have been slumping the past couple years as investors dumped them for more lucrative returns in the tech sector. Now, with tech wobbling, the real estate market remains hot, so REITs have been rising. Analysts favor those with holdings in high-occupancy areas or with long-term commercial leases. Leading performers this year include: Vornado Realty Trust and Spieker Properties. The risk: if interest rates keep rising, REITs could take another hit.

SOLD! What repair or renovation will help you sell your house faster? Before sinking money into a new swimming pool, an investment which may not be recouped, check out homegain.com After surveying 2,000 Realtors, this site generated a list of the Top 10 moderately priced improvements to help you cinch the deal. The site, which matches buyers and sellers with real estate agents and lenders, also offers online tutorials and articles on topics like the hidden costs of ownership, and home-protection plans. –By Carole Buia

TYPICAL INCR. IN AVG. IMPROVEMENT COST SALE PRICE RETURN

Brightening home (add high-watt bulbs, new drapes) $86-$110 $768-$935 769% Update kitchen/bath $1546-$2120 $3823-$4885 138% Landscaping/trimming $432-$506 $1594-$1839 266% Fix plumbing/electrical $338-$381 $922-$1208 196%