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Thursday, March 10, 2011

West set for double-dip, as home prices deteriorate: Clear Capital

This is not the first organization to call for a housing double dip.  CNBC did a few months ago.
According to Clear Capital's Home Data Index Market Report, prices in the West dropped 4.5% between December and February while prices in other parts of the nation leveled out. In addition, Clear Capital reported that eight of the 15 lowest performing markets are in the West.
"As prices continued to slide, new record price lows for the West are only 0.7% away and could be realized as early as next month," the data firm said.
Prices dropped 1.6% in the Midwest, increased 0.3% in the Northeast and remain flat in the South.
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