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Tag Archives: Clear Capital

Report: Prices Post First Winter Quarterly Gain in 7 Years

For the first time since 2006, national home prices survived winter without experiencing a quarterly decline, according to Clear Capital's market report for March. Home prices ended last month with a 6.5 percent year-over-year improvement, while the quarterly gain was a modest 0.9 percent. On a regional basis, Clear Capital found quarterly growth was the strongest in the West, where prices were up by 2.2 percent. Over the next three quarters, Clear Capital is projecting growth of 1.7 percent, which would bring the 2013 forecast to 2.6 percent.

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Prices Sustain Gains into February as Spring Season Nears

National home prices continued to post strong annual gains into February, while quarterly increases stabilized, Clear Capital reported Tuesday. Home prices in February were up 6.1 percent year-over-year, the strongest yearly growth since August 2010 when the home buyer tax credit influenced demand, according to Clear Capital's Home Data Index (HDI). ""While February's yearly growth of 6.1% is encouraging, let's keep in mind this rate of growth is measured against the market's bottom, which we reported in our March 2012 Market Report,"" said Dr. Alex Villacorta, director of research and analytics at Clear Capital.

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Winter Season Slows Home Price Gains

On a national level, January home prices increased 5.4 percent from a year ago, but fell flat on a quarterly basis after inching up by just 0.9 percent, Clear Capital reported. Out of the four regions, the West maintained its lead with yearly gains and quarterly gains of 12.9 percent and 2.1 percent, respectively. The remaining three regions all saw price increases of less than 1 percent quarter-over-quarter. Dr. Alex Villacorta, director of research and analytics at Clear Capital, explained the softened quarterly gains suggest ""the budding recovery is not immune to the slower winter season.""

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Clear Capital Reports End-of-Year Price Growth, Offers Forecast into 2013

National home prices finished 2012 with a strong yearly gain, but prices fell flat quarter-over-quarter in December, according to a report from Clear Capital. Prices in December saw a 0.9 percent quarterly increase, remaining mostly unchanged from the 1 percent quarterly improvement in November, Clear Capital reported. Year-over-year, national home prices grew by 4.9 percent. The data provider expects to see continued growth into 2013, but estimates the increase will be slower at 2.1 percent.

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Clear Capital Expands Leadership with Three New Members

Clear Capital strengthened its leadership with the addition of three key team members, including one SVP and two directors. Jim Smith joined as SVP of national sales. April Moore was appointed as director of marketing, and Peter Pensotti was selected as director of appraisal product management.

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REO Sales Diminish to Under 20% of Overall Home Sales: Clear Capital

Clear Capital released a new market report Tuesday, tracking home prices through the end of November. Nationally, quarterly price gains were cut by more than half compared to readings from the month before. For November, home prices edged up just 1 percent. Even with fewer fair market sellers listing their homes, Clear Capital says REO sales held steady at 18.4 percent of total sales--a level that will put minimial pressure on home prices should it hold through the winter months.

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Home Prices Forecast to Weather Winter, but Will Congress Ice Gains?

Home prices continued to reclaim lost ground in September, up 3.6 percent annually with increases recorded for every corner of the country, Clear Capital reported Tuesday. Improvements have been so strong, in fact, the real estate valuation firm says yearly growth is forecast to shake off winter's chill and continue through the first quarter of 2013. That is, if federal lawmakers can keep from squashing consumer confidence and agree on a resolution to the looming ""fiscal cliff"" that awaits at year-end without letting market uncertainties fester all the way up until the deadline.

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San Bernardino May Not Need Eminent Domain Fix: Report

With prices gaining in San Bernardino County, Clear Capital found that the solution to the area's problem of negative equity may be solved with time. San Bernardino County has become the center of debate following the creation of a Joint Powers Authority to explore a controversial use of eminent domain. However, with prices in the area rising, the county may not need a drastic rescue plan.

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REO Saturation Rate Falls for First Time in 2012: Clear Capital

While home prices remained little changed, the REO saturation rate fell for the first time this year, according to Clear Capital's Home Data Index Market report, which included data to the end of August. The REO saturation rate, which calculates the portion of REO sales relative to total sales, slipped 6.4 percentage points from the previous quarter to 20.5 percent. The drop is the lowest the REO saturation rate has been since April 2008.

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Regional Price Gains Continue to Strengthen Recovery: Clear Capital

National home prices seem to be picking up steam, while all four regions posted price gains, Clear Capital reported Tuesday. On a quarterly basis, home prices increased 2 percent in July, and year-over-year, the increase was even greater at 2.2 percent. The yearly increase is the strongest in nearly two years and 0.5 percentage points higher than June's yearly gain.

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