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Tag Archives: Clear Capital

Home Price Growth Has Dissipated With the Summer Heat: Clear Capital

Temperatures are falling, and so are home prices in most local markets. Clear Capital says it's expecting another long winter as the housing industry tries to cope with the downward forces of weak demand, record-low consumer confidence, and distressed inventory. The company says the seasonal gains seen during the stronger spring and summer months have not been enough to push year-over-year home prices into the black. Clear Capital's October index puts national home prices 2.8 percent below a year ago.

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Clear Capital Expands Senior Leadership

Clear Capital announced Thursday the appointments of Gabriel Nacht as CFO and Brian Wick as VP of marketing. Both individuals bring more than 24 years of experience to their positions with the company. A few weeks ago, Clear Capital also announced the appointment of Erik Lundquist to head its commercial valuations team, and the company says it's looking to add further to its staff, with a number of key positions currently available.

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Barclays Expects ‘Triple-Dip’ With Another 7% Drop in Home Prices

The analysts at Barclays Capital say a ""triple-dip"" in home prices will likely materialize by early next year. The term ""triple-dip"" emerged in a Clear Capital report a couple of weeks ago, and Barclays says its analysis corroborates the idea. The research firm warns that home prices will likely slip another 6 to 7 percent over the coming winter months. That would put median prices at a new low for this cycle, in fact 3 percent below the double-dip measurement of last spring.

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Clear Capital: Home Prices Could Near ‘Triple-Dip’ by Next Spring

Clear Capital has released its forecast for home prices heading into the first part of next year. The company says the market is flirting with a ""triple-dip"" by next spring. Last spring prices did a double-dip, dropping below this cycle's previous low point. 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 dangerously close to the levels seen at the end of the first quarter of 2011.

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Existing-Home Sales Jump Nearly 19% From Last Year

Last month's 18.6 percent surge in existing-home sales from a year earlier had some market observers doing a double-take, but Galen Ward, who runs a real estate brokerage web site, says it wasn't unexpected. Michael Simonsen of Altos Research says anything is going to look good coming off the market's tax-credit hangover this time last year. But the fact that the median home price was down more than 5 percent from August 2010 at the same time sales jumped so sharply is one of the most telling stats for Clear Capital's Alex Villacorta.

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Home Price Gains Expected to Wane: Clear Capital

The warm weather homebuying season has kept prices moving up, but Clear Capital says the rate of appreciation is already slowing and weak consumer confidence points to a stormy rest of the year. The company's latest report shows that home prices rose 4 percent over the four-month period ending in August when compared to the previous three months. But Clear Capital notes the recent gains have not been enough to recoup longer-term declines, with national home prices still more than 6 percent below last year's levels.

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Clear Capital: Seasonal Price Gains Haven’t Changed Housing Picture

A study released by Clear Capital Thursday reveals home prices continue to correct from winter's extended declines, edging up on the increase in sales activity that comes with warmer weather. But even recent gains off the record low experienced earlier this year have not been enough to change the broader housing picture, Clear Capital says. Its latest reading of national home prices shows an annual decline of 7.9 percent, with only a handful of markets in the Northeast bucking the trend.

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Home Prices Break Long Descent but Late-Year Declines Forecast

Data released by Clear Capital Friday show home prices at the national level posted their first quarterly gain in June after nine months of declines. The company says the 0.9 percent increase is an encouraging sign that the markets are capable of positive price growth despite continued economic and foreclosure pressures. But even with the second-quarter uptick, U.S. home prices lost 3.2 percent during the first half of 2011, and Clear Capital is forecasting another 2.4 percent drop for the second half of the year.

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Clear Capital: Stability Ahead as Distressed Property Prices Rise

Clear Capital sees signs of market stability as we move into the summer months. New data released Thursday by the company shows that U.S. home prices continue to fall, but the 2.3 percent drop recorded for the three months ending in May was half the decline seen in the previous month's report. Clear Capital says the median price paid for distressed properties has started to rise, indicating the REO market is seeing increased activity toward the upper end of the price range and helping to rein in the depreciating trend of the past several months.

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Double Dip: Altos Says Prices Have Been Steadily Rising Since Then

While a number of closely-watched home price indices show national readings have slipped into a double-dip, Altos Research says it's come and gone. The firm notes that the latest Case-Shiller findings declaring a new post-recession low are based on data through the end of March. Since that time, Altos has recorded a steady uptick in prices for both major metros and mid-city markets across the country. The firm expects to see a rising and falling pattern for several years and believes the double-dip is really just the start of the next housing cycle.

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