Daily Real Estate News  |  March 17, 2011  |    Share Are Home Prices Declining Too Much? An analysis of home values relative to income from PMI finds that prices vary by location — spiking, for example, in states like Georgia and Nevada during the housing boom but since overcorrecting. Meanwhile, states such as Kentucky and Texas escaped the bubble but have seen prices fall due to the … [Read more...]

Daily Real Estate News  |  March 17, 2011  |    Share Renting May Soon Get Pricier Industry experts are forecasting double-digit rent hikes soon. With vacancy rates dipping below the 10 percent mark, demand is picking up, which is expected to put upward pressure on rental prices.  "The demand for rental housing has already started to increase," says Peggy Alford, president of Rent.com. "Young … [Read more...]

Daily Real Estate News  | March 14, 2011  | Share  Survey: Buyers, Sellers Optimistic About Housing Nearly 70 percent of buyers and sellers say they believe the housing market and property values will recover in the next year or two, according to a new survey by Prudential Real Estate and Relocation Services Inc. What’s more, 86 percent of the more than 1,000 buyers and sellers … [Read more...]

Daily Real Estate News  |  March 11, 2011  |    Share Americans Feel a Little More Rich Americans are getting wealthier: Americans’ wealth increased 3.8 percent in the final three months of 2010, the Associated Press reports. Most of the growth is attributed to gains in stock portfolios. Overall, household net worth increased to $56.8 trillion last quarter, despite a drop of 1.6 percent in … [Read more...]

Daily Real Estate News  | March 9, 2011  | Share Mortgage Purchase Activity at Highest of Year Mortgage applications for purchases rose to their highest level of the year last week, the Mortgage Bankers Association reports. Purchase applications for mortgages increased 12.5 percent from one week earlier, and on an unadjusted basis, purchase application activity is the highest since last May. … [Read more...]