Industry News

Real estate stocks outperform market indices

Inman Index: Realogy tops October chart with 13.5% gain
Published on Nov 2, 2006

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by CareyBot

Earnings growth and aggressive stock buy-back schemes enabled some real estate companies to charge forward on Wall Street in October, despite negative news reports about the housing markets.

In a near replay of September, seven of the 10 housing and mortgage-related stocks that make up the hypothetical Inman Index again out-classed the broader market indices. Six of those in October's plus column -- Countrywide, Fannie Mae, Freddie Mac, Realogy, IndyMac and ZipRealty -- were repeats from September while IAC/InteractiveCorp jumped onto the list and Washington Mutual fell off it ...

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