Industry News

Real estate stocks outperform market in September

Inman Index: Fannie Mae, IndyMac, Realogy gained ground last month
Published on Oct 2, 2006

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by CareyBot

Eight of the 10 housing and mortgage-related stocks that make up the hypothetical Inman Index out-classed the broader market indices in September.

The eight -- Countrywide Financial, Fannie Mae, Freddie Mac, Realogy, Homestore, IndyMac, Washington Mutual and ZipRealty -- all finished the month ahead of the Nasdaq Composite, which was up 3 percent, and the Dow Jones Industrials and Standard & Poor's 500, which each gained 1.9 percent.

Interactive Corp., which operates the LendingTree and ...