Clear Capital released earlier this week its latest Home Data Index (HDI) Market Report, recording only a 1 percent gain in home prices over the quarter ending last month. That figure is down from a 2.5 percent pace of growth for the January quarter. While many price indicators have pointed to slowdowns over the last few months, the latest trend could be the start of something worse, says Dr. Alex Villacorta, VP of research and analytics at Clear Capital.
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Report: ‘Slow and Steady’ Markets Pulling Ahead of Others
Analysts at Clear Capital say the housing market today may be a real-life representation of the old Aesop fable, "The Tortoise and the Hare."
Read More »Report: Major Distressed Sales Markets Seeing Biggest Price Gains
Before the recovery, high volumes of distressed sales aligned with falling prices--but the script has flipped in the current market, Clear Capital says in a recent report.
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