Real estate stocks outperform market indices

Inman Index: Realogy tops October chart with 13.5% gain

Earnings growth and aggressive stock buy-back schemes enabled some real estate companies to charge forward on Wall Street in October, despite negative news reports about the housing markets.

In a near replay of September, seven of the 10 housing and mortgage-related stocks that make up the hypothetical Inman Index again out-classed the broader market indices. Six of those in October’s plus column — Countrywide, Fannie Mae, Freddie Mac, Realogy, IndyMac and ZipRealty — were repeats from September while IAC/InteractiveCorp jumped onto the list and Washington Mutual fell off it.