Salient to Investors:

US 30-year loan rates are at the highest in 6 weeks at 3.51 percent.

Low rates are fueling a frenzy of demand in some markets as buyers compete for a tight supply of properties. Areas such as San Francisco, Atlanta, Phoenix and Reno saw rises of more than 30 percent in Q1 2013 from a year ago.

Jonathan Miller at Miller Samuel sees the same mentality as in the boom: the only difference is tight credit keeping the process close to honest for the time being.

Read the full article at

Click here to receive free and immediate email alerts of the latest forecasts.