Shares of real estate services companies rallied Thursday, after data showing that existing-home sales fell again in September, but managed to beat expectations. Zillow Group Inc.’s stock surged 1.9% in morning trading, reversing an earlier decline of as much as 0.8%, while Redfin Corp. shares jumped 4.6% after being down 0.3% at its intraday low. Elsewhere, shares of Anywhere Real Estate Inc. gained 1.5%, RE/MAX Holdings Inc. tacked on 1.3% and Douglas Elliman Inc. advanced 1.2%. They all outperformed the S&P 500 , which gained 0.7%. The National Association of Realtors said existing-home sales fell 1.5% to a seasonally adjusted annual rate of 4.71 million in September, the eighth straight monthly decline but above expectations of an annual rate of 4.70 million.
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