Tag Archives: Distressed sales

Clear Capital released its Home Data Index Market Report with data through March 2014, noting mostly flatness as the winter came to an end. "Our data through the end of March reveals prices remained steady through the final weeks of winter, a sigh of relief to all market participants," said Dr. Alex Villacorta, VP of research and analytics at Clear Capital.

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.

CoreLogic's Home Price Index jumped 11 percent year-over-year in December, the company revealed in its newest report.

Despite experiencing greater downward pressures from distressed sales and declining housing activity, home prices rose in November at their fastest monthly pace since summer, according to data from FNC, Inc.'s Residential Price Index (RPI) for the month. FNC's national composite index, constructed using sales data on non-distressed properties, rose 0.5 percent in November, perking up from October's meager 0.3 percent gain. The two narrower 10- and 30-city composites also ticked up, rising 0.6 percent and 0.7 percent, respectively.

Rising prices may be bringing some homeowners out from underwater, but tight credit will still preclude many traditional buyers from the market, according to a recent report from DataQuick.

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.