Rust belt markets showed resurgence in housing prices in the rolling quarter through November, according to Clear Capital’s Home Data Index (HDI) Market Report. Prices in Detroit jumped 14.1%.
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While prices have ticked up in recent months, Clear Capital is projecting a drop of 1.6 percent over the last three months of this year, and another 3.2 percent by next April, moving prices.
The firm said metro prices ended the first three months of the year 9.4% higher than a year earlier. Through the end of the year, Clear predicts prices will rise another 3.8 percent. Home-price.
The new home data index provided by Clear Capital shows that residential real estate prices in the U.S. rose by 3.5% over the previous quarter, but that the gains will not last through 2011 or the following year. Analysts believe the housing market will not have the necessary support to sustain.
Special Release: clear capital reports sudden and Dramatic Drop in U.S. Home Prices By Clear Capital October 22, 2010 No Comments Most recent data shows a two-month 5.9% price decline representing a magnitude and speed of decline not seen since March 2009; similar declines for September and October expected to appear in other industry indices.
Clear Capital: Six Month Forecast Calls for an Attitude Adjustment. Marketwired. July 1, 2014.. Clear Capital’s home price data can be accessed on the Bloomberg Professional service by typing.
That’s down from the 6.3% gain experienced a month earlier. The national year-over-year price decline was trimmed another 1.5% from last month, producing single-digit losses for the second month in a row (-8.4%). clear capital points to a reduced influence of the real estate owned (REO) property segment.
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The selling came amid growing speculation on Wall Street that an unexpectedly strong pickup in U.S. employment growth last month. homes jumped 32% from a year earlier. That helped spur homebuilders.
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