Wall Street devalues real estate sector

Inman Index: HouseValues, Fannie Mae, Freddie Mac shares suffer declines

Wall Street has hung a ‘SOLD’ sign on HouseValues.

The company’s shares lost more than 17 percent of their value last month to close at $8.24 per share March 31 and have fallen by half since Jan. 27, when the price last peaked at $17 per share.