Real estate price declines overshooting fundamentals?

PMI: Income growth has outstripped home-price growth in most states

Get smarter. Grow your referral network at Inman Connect San Francisco
Limited seating still available, July 17-20

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