Clear Capital Reports First Price Increase Since August
Clear Capital Reports First Price Increase Since August
Clear Capital Reports First Price Increase Since August
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February 7, 2011 (Shirley Allen)
mortgage-prices-up-image
Clear Capital has reported in its monthly Home Data Index (HDI) Market Report that home prices increased 0.9 percent during the first three weeks of January, the first gains in home prices since August 2010. On a quarterly basis, prices were down 1.6 percent for the last three months, a slower decline than the 5.8 percent reported for the quarter ending in November.

Alex Villacorta, Clear Capital senior statistician, said the price increase was the first seen in the monthly survey since the economic downturn began that was not influenced by some form of government incentive program.

“This uptick is the first non-incentivized change in prices we’ve seen since the downturn began, and could provide great opportunity for buyers, sellers and investors alike. Although many markets still remain under significant downward pressure in light of increased distressed sale activities, it is clear that the severity of the downturns observed in October and November have subsided,” Villacorta said.

However, the report also observed that the price increase may be due to the temporary moratorium on foreclosure activity imposed by some of the nation’s largest lenders in the wake of the robo-signing controversy. As lenders begin to resume foreclosure sales, the large amount of distressed properties expected to hit the market could exert considerable downward pressure on housing prices again.

The latest data from the widely respected S&P/Case Shiller Home Price Index predicted a continuing decline in home prices with many analysts expecting a “double-dip” decline in future home values.

Clear Capital’s HDI report is based on more recent housing data whereas most of the other pricing surveys lag one or two months behind.

Clear Capital considers the price change to be especially meaningful as the first months of the year are typically affected by the seasonal slowdown in sales activity.

“This recent national change in price direction is encouraging for the overall housing sector, yet it is still too early to determine whether this current uptick in home prices is a temporary reprieve or the start of a sustained recovery,” Villacorta added.

Tag: housing prices, price increase, distressed properties, clear capital, seasonal slowdown, robo-signing controversy

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Estimate your monthly mortgage payment
Auto Loan
Calculator

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Learn About
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15 Year vs 30 Year
Loan Comparison

Compare 15 year and 30 year mortgage loans
Todays Mortgage
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February 7, 2011 (Shirley Allen)
mortgage-prices-up-image
Clear Capital has reported in its monthly Home Data Index (HDI) Market Report that home prices increased 0.9 percent during the first three weeks of January, the first gains in home prices since August 2010. On a quarterly basis, prices were down 1.6 percent for the last three months, a slower decline than the 5.8 percent reported for the quarter ending in November.

Alex Villacorta, Clear Capital senior statistician, said the price increase was the first seen in the monthly survey since the economic downturn began that was not influenced by some form of government incentive program.

“This uptick is the first non-incentivized change in prices we’ve seen since the downturn began, and could provide great opportunity for buyers, sellers and investors alike. Although many markets still remain under significant downward pressure in light of increased distressed sale activities, it is clear that the severity of the downturns observed in October and November have subsided,” Villacorta said.

However, the report also observed that the price increase may be due to the temporary moratorium on foreclosure activity imposed by some of the nation’s largest lenders in the wake of the robo-signing controversy. As lenders begin to resume foreclosure sales, the large amount of distressed properties expected to hit the market could exert considerable downward pressure on housing prices again.

The latest data from the widely respected S&P/Case Shiller Home Price Index predicted a continuing decline in home prices with many analysts expecting a “double-dip” decline in future home values.

Clear Capital’s HDI report is based on more recent housing data whereas most of the other pricing surveys lag one or two months behind.

Clear Capital considers the price change to be especially meaningful as the first months of the year are typically affected by the seasonal slowdown in sales activity.

“This recent national change in price direction is encouraging for the overall housing sector, yet it is still too early to determine whether this current uptick in home prices is a temporary reprieve or the start of a sustained recovery,” Villacorta added.

Tag: housing prices, price increase, distressed properties, clear capital, seasonal slowdown, robo-signing controversy

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools

February 7, 2011 (Shirley Allen)
mortgage-prices-up-image
Clear Capital has reported in its monthly Home Data Index (HDI) Market Report that home prices increased 0.9 percent during the first three weeks of January, the first gains in home prices since August 2010. On a quarterly basis, prices were down 1.6 percent for the last three months, a slower decline than the 5.8 percent reported for the quarter ending in November.

Alex Villacorta, Clear Capital senior statistician, said the price increase was the first seen in the monthly survey since the economic downturn began that was not influenced by some form of government incentive program.

“This uptick is the first non-incentivized change in prices we’ve seen since the downturn began, and could provide great opportunity for buyers, sellers and investors alike. Although many markets still remain under significant downward pressure in light of increased distressed sale activities, it is clear that the severity of the downturns observed in October and November have subsided,” Villacorta said.

However, the report also observed that the price increase may be due to the temporary moratorium on foreclosure activity imposed by some of the nation’s largest lenders in the wake of the robo-signing controversy. As lenders begin to resume foreclosure sales, the large amount of distressed properties expected to hit the market could exert considerable downward pressure on housing prices again.

The latest data from the widely respected S&P/Case Shiller Home Price Index predicted a continuing decline in home prices with many analysts expecting a “double-dip” decline in future home values.

Clear Capital’s HDI report is based on more recent housing data whereas most of the other pricing surveys lag one or two months behind.

Clear Capital considers the price change to be especially meaningful as the first months of the year are typically affected by the seasonal slowdown in sales activity.

“This recent national change in price direction is encouraging for the overall housing sector, yet it is still too early to determine whether this current uptick in home prices is a temporary reprieve or the start of a sustained recovery,” Villacorta added.

Tag: housing prices, price increase, distressed properties, clear capital, seasonal slowdown, robo-signing controversy

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.