Thursday, May 5, 2011

Clear Capital® Reports National Double Dip

The now most of the major housing indexes like Case-Shiller and CoreLogic are showing a double dip.
Clear Capital ( today released its monthly Home Data Index™ (HDI) Market Report, and reports prices have double dipped nationally 0.7 percent below prior lows experienced in March 2009. This month’s HDI Market Report provides the most current (through April 2011), and relevant analysis of how local markets performed compared to the national trend in home prices.
Report highlights include:
  • National quarterly home prices changed -4.9%; while year-over-year national price changes reached -5.0%.
  • National home prices have fallen 11.5% over the previous nine-month period, a rate of decline not experienced since 2008.
  • In a sign of the continued volatility and fragility of home prices, all the major Metropolitan Statistical Areas (MSA) tracked in this month’s report showed quarter-over-quarter price declines.
  • National REO saturation rate reaches 34.5%
Read it all

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