Industry News

Real estate stocks sink lower

Inman Index: Shares of Countrywide, IndyMac, Move glide downward
Published on Mar 1, 2007

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by CareyBot

Wall Street has soured on real estate stocks.

Eight of the 10 real estate brokerage, mortgage and technology companies that comprise the hypothetical Inman Index lost ground in February, and the Index overall was down 3.7 percent, a worse performance than the Dow Jones Industrials, Nasdaq Composite and Standard and Poor's 500 indices, which dropped 2.8 percent, 2.3 percent and 2.2 percent, respectively.

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