Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Almost two-thirds of wealthy Americans expect to see double-digit increases in the value of their primary homes over the next five years, with about one-third of them anticipating the value to rise 20 percent or more, according to a survey released this week by The PNC Financial Services Group.   "Our findings indicate that many among the wealthy will not believe there is a real estate slowdown until they see it reflected in their property values, especially in regions of the country where prices have skyrocketed during the past five years," said Nicholas Buss, senior vice president and real estate economist at PNC, a financial organization that provides banking, real estate finance and lending services.   "As an investment, real estate has been an increasingly dominant asset cla...