(Bloomberg) -- Real estate brokerage stocks tumbled Thursday on waning expectations for Federal Reserve interest-rate cuts, and as a disappointing earnings release raised concern about the sector’s outlook.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityHuawei’
PennyMac Mortgage (PMT) delivered earnings and revenue surprises of 21.88% and 15.15%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Anywhere Real Estate (HOUS) could produce exceptional returns because of its solid growth attributes.