Tag Archives: Clear Capital

As the island of Puerto Rico looks at a long road to recovery more than a year after being hit by Hurricane Maria, leaders from the mortgage and servicing industry have come together to help in rebuilding this paradise.

Although numerous markets have seen a decrease in home prices, one index found that the number of homes reaching all-time high prices is growing at a rapid rate.

Housing continued a strong expansion period this year, with one region in particular boasting the most startling rebound figures, according to reports.

Investors in real estate-owned and rental markets may need to consider other avenues in the market as previously rapidly growing low price tier housing markets begin to decline in performance.

In January, the company forecasted total national housing market growth for 2015 to reach 1.3 percent, more than five percent lower than growth for 2014 at 6.7 percent. The adjusted forecast presumes that year-end national growth will come in at 2.6 percent, falling within the projected range of 1 percent to 3 percent.

Clear Capital recently released its Home Data Index Market Report, which found the best deals in the housing market now reside in the middle-tier of available homes. The group found that following more than two years of recovery, low-tier homes are no longer the best value for homebuyers.

Market analysts are dialing back on their expectations for the housing sector this year following reports of continued sluggishness in what should have been the start of a busier season. Sales of both new and existing homes in March fell short of expectations, dashing optimistic projections of a rebound following the end of an unusually harsh winter.

Freddie Mac has selected Clear Capital to power its collateral review of appraisals submitted through the Uniform Collateral Data Portal (UCDP). Clear Capital will provide the government-sponsored enterprise (GSE) with in-depth feedback regarding the quality and accuracy of appraisals.

Clear Capital, a provider of data and solutions for real estate asset valuation and collateral risk assessment, released its Home Data Index Market Report with data through March, 2014. The report noted that the frosty winter left home prices mostly flat, while saturation of distressed homes remained stable at 21.8 percent.

While many price indicators have pointed to slowdowns over the last few months, the latest trend could be the start of something worse, says Dr. Alex Villacorta, VP of research and analytics at Clear Capital. The company’s Home Data Index (HDI) Market Report, recorded only a 1 percent gain in home prices over the quarter ending last month.