Industry NewsMarkets & Economy

Real estate price declines overshooting fundamentals?

PMI: Income growth has outstripped home-price growth in most states
Published on Mar 17, 2011

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by CareyBot

Home prices have fallen below fundamental values in more than half of U.S. states, overcorrecting from bubbles in some markets and dragged down by the recession in others.

That's the conclusion of analysts at mortgage insurer PMI Mortgage Insurance Co., who warn home ...