Industry News

Real estate stocks tanked in 2007

Inman Index: Mortgage lenders, builders took biggest hits
Published on Jan 2, 2008

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by CareyBot

There's no soft way to say it: Investors who consistently favored real estate and mortgage-related stocks lost their shirts in 2007. As a group, the 10 companies that comprise the hypothetical Inman Index of such stocks lost more than half their value in the just-ended one-year period.

By comparison, investors who stuck with the Dow Jones Industrials, Standard & Poor's 500 or NASDAQ Composite indices fared far better ...

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