Sociable

Thursday, October 7, 2010

Housing in heading into a double dip: Clear Capital

I think the paper mill and robo signing issues might delay this a little, but we heading in to a dip double in a lot of markets.

When Clear Capital reported home prices increased in August, analysts warned that prices would possibly contract well into 2011. All four regions of the country did see prices stay above last year's total. But the September slowdown could send weaker markets into a double-dip.
All 15 of the lowest performing markets saw three-month price drops for the first time since June. The amount of REO properties in these markets climbed 29 basis points. For the nation, REO accounted for 23.2% of the market up 11 bps from last August

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