This decline has accelerated: Since August, home prices have fallen 7.9 percent, data from Clear Capital, a Truckee, Calif.-based real estate research firm, show. It is the steepest decline in home values since the height of the financial crisis in 2008, said Clear Capital senior statistician Alex Villacorta.
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In October Clear Capital declared they were seeing the quickest decline in home values since mid-2009, with prices dropping 6 percent over September and October. CoreLogic released a report that said prices were down 1.5 percent over the past year, and that the market would continue to show weakness for the following year.
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The macroeconomic picture and its impact on oil demand continue to pressure prices. Global equities have fallen nearly 9.5 per cent so far in December, their biggest one-month slide since September.
Clear Capital Home Data Index: National Home Price Trends (Jan. 2006 – Dec. 2011 Forecast) National home prices in 2010 posted a -4.1 percent year-over-year price change, after a very turbulent year where prices increased 9.7 percent over a 21 week span (late March to mid August), only to be followed by a –9.4 percent price change over the following 19 weeks (September to December).
"While national home prices have appreciated 4.2% since early 2009, the West region is poised to double dip by the end of Q1 2011 if trends continue. TRUCKEE, CA – March 10, 2011 – Clear Capital ( www.clearcapital.com ) released its monthly Home Data Index (HDI) Market Report, and reports a quarter-over-quarter national price change of -1.4 percent.
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After rising during 2009 and part of 2010, they’ve begun falling again, and will continue to decline in 2011. Clear Capital predicts a 3.7% drop this year, which is quite similar to 2010’s fall.
Like the US Navy, the Royal Navy has seen a decline in the size of its fleet since the 1980s. They need to know that, it.
The National Association of Realtors expects home sales to flatten and home prices to continue to increase. s a real chance prices could fall below 2018 levels, putting up negative growth for the.
Detroit home prices posted sharp declines during the first 6 months of 2011, according to a new report. And the decline is expected to continue during the next 6 months. Clear Capital reports Detroit’s home sale prices were down 19.8% during the first half of the year compared to the first six months of 2010.