Industry News

Blood bath continues for real estate stocks

Inman Index: IndyMac, Countrywide, First American suffer most
Published on Nov 1, 2007

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by CareyBot

October was yet another bad month for real estate stocks. Only two of the 10 companies that comprise the hypothetical Inman Index escaped negative returns for the period, and none of the companies is in positive territory for the first 10 months of this year.

Shares of Toll Brothers posted a healthy jump of 13 percent in October while shares of HouseValues eked out an insignificant gain of one cent for the one-month period ...

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