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Tag Archives: Clear Capital

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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CoreLogic Price Index Shows First Monthly Increase Since Mid-2010

The market has been battered by reports of continuing home price depreciation with both the Clear Capital and S&P/Case-Shiller indices confirming that national readings have fallen below the double-dip mark. But data released Wednesday by CoreLogic provided a flicker of improvement - at least from the short-term view. The company says its index shows home prices in the U.S. rose 0.7 percent between March and April. It's the first such increase since the homebuyer tax credit expired in mid-2010, and that reading includes distressed sales.

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Home Prices Have Officially Double-Dipped: Clear Capital

The national home price index from Clear Capital has officially entered double-dip territory. The company says data through the end of April has pushed its reading of national home prices 0.7 percent below the prior low recorded in March 2009, as markets have become saturated with bank-owned properties. Clear Capital's report shows prices have fallen 11.5 percent over the previous nine-month period. A rate of decline this rapid has not been seen since 2008.

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Clear Capital Unveils New Property Inspection Tool

Clear Capital has released its new Property Condition Inspection (PCI) tool. The new product provides a property's physical condition and characteristics, supplementing automated valuation models (AVMs) in accordance with new requirements from the Interagency Appraisal and Evaluation Guidelines (IAG) issued by federal regulators.

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Clear Capital Says Home Prices in the West Now in Double-Dip

Clear Capital reports home prices in the western part of the country are sliding again, down 4.3 percent over the first three months of this year. The company says the West region, taken on the whole, has now officially entered double-dip territory, with home values hitting lows not seen since 2001. Across the rest of the U.S., though, Clear Capital says negative forecasts have been ""overstated,"" as prices in the other three regions have managed to find a bottom in the midst of ongoing foreclosure pressures and the traditionally slow winter season.

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Home Price Declines Moderate, Except in the West: Report

New data from Clear Capital indicates that the slow-down in foreclosure activity may be having a positive effect on property values in some parts of the country. However the company's report states that despite a national trend toward flattening of home prices, the western United States is dragging down encouraging developments in other regions, with the West expected to set new double dip price lows as early as next month should the trend continue.

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Clear Capital Sees Signs of Upturn in U.S. Home Prices

Clear Capital has released new home price data, with an encouraging, albeit cautious, analysis. The company reports that through the end of January, national home prices are down 1.6 percent on a rolling quarter-over-quarter basis. But despite the negative quarterly price change, Clear Capital says U.S. home prices stopped declining in early January and have posted their first uptick since mid-August 2010. The company says the likely explanation for the sudden increase is the slowing of the rate of REO sales.

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Clear Capital Announces Two Key Hires

Clear Capital, a provider of data and solutions for real estate asset valuation and risk assessment, has appointed Jennifer Feickert VP of community relations and Peter Heintz director of capital markets development. Feickert will focus on developing relationships with the company's network of real estate appraiser, broker, and agent partners and implementing initiatives toward servicing client needs. Heintz will represent Clear Capital in New York as the company's liaison to Wall Street and the capital markets.

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Clear Capital Reports 4.1% Drop in Home Prices in 2010

Clear Capital has released its home price report for the 2010 calendar year. The company's analysis shows that compared to where prices were at the end of 2009, nationally, residential properties lost 4.1 percent of their value over the last 12 months, with 70 percent of major markets reporting price declines for the year. The company is forecasting home prices nationally to fall by another 3.7 percent by the end of 2011, although the wild spikes experienced in 2010 will likely be replaced with more gradual price trends.

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National Home Prices Down 5.8%, Major Metros See Double Dip: Report

The November home market report from Clear Capital shows that prices nationally fell another 5.8 percent over the previous three months. The company says although the pace of decline has slowed, home prices show no signs of bottoming out yet. Thirteen of the 50 major metros in the study have already entered into double-dip territory, indicating that their current price levels are the lowest since the housing downturn began. Among them are Vegas, Seattle, Tucson, Philadelphia, and several major Florida markets.

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