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Market Data

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Washington, DC, February 27, 2012 Pending home sales are on an upward trend, which has been uneven but meaningful since reaching a cyclical low last April, and are well above a year ago, according to the National Association of Realtors®.

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Stephan Metelica, a 24-year old charter pilot, shares a two-bedroom apartment with a friend in Chicago’s Lincoln Park neighborhood. The duo split the $1,525 monthly rent, but they were surprised this month when their landlord lease came up for renewal and their landlord asked for a 5 percent increase, to $1,600. “I was pretty upset [...]

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Research firm Capital Economics released a study showing that in the fourth quarter of 2010, residential real estate was undervalued to the tune of 21% when comparing the Case-Schiller home price index to disposable income per capita. The firm said its research suggests that “housing is exceptionally undervalued”.