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by CareyBot

Investors displayed renewed optimism about the outlook for real estate company stocks in May. Seven of the 10 issues that comprise the hypothetical Inman Index finished the one-month period in plus territory while the Index overall gained 4.3 percent, a performance that matched the Dow Jones Industrials and bested both the Standard and Poor's 500 and Nasdaq Composite, which gained 3.2 percent and 3 percent, respectively. For the year to-date, however, the Inman Index is still in negative territory with a 3.2 percent loss while the broader market measures have posted gains of 7.5 percent or better. Financial companies IndyMac Bancorp and Fidelity National Financial were the top two Inman Index performers in May. The mortgage company's shares rose from $29.10 to $33.58, a gain of ...