Shares in real estate listings portal operator Trulia Inc. were down more than 7 percent today after a Goldman Sachs analyst cut his rating from “buy” to “neutral,” citing “the risk of continued deceleration in the broader housing environment” and a loss of consumer mobile market share to rival Zillow.
Trulia’s share price dipped below $32 in afternoon trading today, down nearly 40 percent from a 52-week high of $52.71.
Senior Director, Coldwell Banker New Homes Division
With over 200 condominium, townhome and loft projects successfully marketed
“Fewer properties for sale with such remarkably low interest rates make it a great time to sell but a more difficult time to buy”