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Tag Archives: Clear Capital

Clear Capital: Prices See First Quarterly and Yearly Gain Since 2010

For the first time since August 2010, home prices rose on both a quarterly and yearly basis, according to the May 2012 Home Data Index (HDI) report released by Clear Capital. Quarter-over-quarter, prices appreciated 0.4 percent, the first quarterly increase since November 2011. Year-over-year, prices rose by 0.1 percent, according to the index. The increases were attributed to stronger regional growth in the West, Northeast, and South, as well as a rise in REO-only prices.

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REO Prices Increase, Fair Market Prices Drop, Home Values Stabilizing

According to data from Clear Capital, over the last year, REO prices have increased 5.5 percent, while fair market sales prices dropped 2.9 percent. The real estate data provider explained that demand for REOs is most likely causing the increase in prices and named Carrington Holding Company, Amherst Securities Group, and Waypoint Financial as examples of investors purchasing single-family REOs with the purpose of converting them into rental properties.

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Home Prices to Increase Modestly by Year-End: Clear Capital

The valuation firm Clear Capital released the results of its home price forecasting models Thursday. The company expects residential property values at the national level to begin to show slight increases over the next three months, ending the year with a growth rate of 1.2 percent. Clear Capital's diagrams depict the valley shape with current prices at the bottom and a subtle upward trend from March through December of 2012. Markets in the southern part of the country are expected to perform the strongest.

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Clear Capital Introduces ClearQC for Valuations

Clear Capital announced the availability of ClearQC, a hosted service to automate the review of BPO and appraisal reports. ClearQC allows loan originators, servicers, and investors to run their valuation reports from any provider through an automated process to highlight complete and well-supported valuations, while also flagging those needing further review.

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Home Prices Start Year With 2.6% Annual Drop

Data through the end of January released by Clear Capital Monday shows home prices in the U.S. are down 2.6 percent from a year ago. The company's rolling quarter assessment, which compares the four months through January 2012 to the previous three months, returned a 1.6 percent decline in home prices at the national level, after three months of stability. Clear Capital says the culprit is the Midwest market, which saw a dramatic turnaround in momentum in January and led the nation in quarterly losses.

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Home Prices Down in 2011, but Market Stability Forecast for 2012

While year-over-year home price measurements notched down in 2011, prices are expected to see a slight uptick in 2012, according to Clear Capital. Should the valuation company's predictions ring true, it would be the first time since 2006 that the change in annual home prices has landed in positive territory. Data released by Clear Capital Monday shows year-over-year, national home prices dropped 2.1 percent in 2011. For 2012, the company projects a slight gain of 0.2 percent.

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Housing Market Sees Signs of Stability: Clear Capital

The housing market may be stabilizing as house prices and REO saturation rates show little change on a quarterly and yearly basis, according to Clear Capital's most recent Home Data Index. Nationally, prices rose just 0.3 percent while the REO saturation rate was relatively unchanged at 24.6 percent over the most recent quarter, according to data through the end of November. Clear Capital measures housing data on a rolling quarter, which compares the most recent four months with the previous three.

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Market Analysis Must Be Granular to Be Relevant

Home price predictions have traditionally been fairly straightforward, relying heavily on employment and income levels, according to Michael Sklarz of Collateral Analytics. However, the last cycle has posed challenges for analysts, Sklarz noted during a panel at the Five Star MPact Conference held in Dallas this week. Industry experts participating in the discussion stressed that national predictors - even if accurate - may not be relevant on a local basis.

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FHFA Fills COO and Senior Examiner Roles

Edward DeMarco, acting director of the Federal Housing Finance Agency (FHFA), has announced the appointments of Richard B. Hornsby, as FHFA's COO and Jon Greenlee as the agency's deputy director of the division of enterprise regulation. Hornsby served at the Federal Reserve Bank of San Francisco for 26 years, holding a variety of senior level management and banking supervision positions. Greenlee joins FHFA from KPMG LLP, where he was the managing director in the financial services regulatory advisory practice.

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