Time to short residential REITs?

Since hitting a high around $65 in late 2014 REZ has been somewhat range bound between 64-55. As the residential real estate market is highly effected by federal interest rates, the upcoming Fed meeting will likely have an impact on price. If the fed decided to continue raising rates I can see REZ puling back to the bottom of the range. Even if the Fed decides to keep rates going, the generally anxious attitude of the markets will likely not push the price up past its high from 2014. Now would be an ideal entry point for a short with a stop loss set at the resistance from the ATH around 65.50.