By Dennis Norman, on July 11th, 2012  The West leads the way however the Midwest is showing early signs of following suit…
This week Clear Capital® released its Home Data Index™ (HDI) Market Report with data through June 2012 which showed home prices in the U.S. grew both on a quarterly and yearly basis 1.7 percent from the prior period. St. Louis home prices are predicted to fall 1.1 percent in 2012 from the year before. Continue reading “June home prices provide further evidence of "budding" recovery; further increases through 2012 predicted“
By Dennis Norman, on June 8th, 2012 All Regions Show Positive Results with the Exception of the Midwest
This week Clear Capital® released its Home Data Index™ (HDI) Market Report with data through May 2012 which showed home prices in the U.S. grew both on a quarterly and yearly basis for the first time since August 2010. At the regional level home prices improved on a quarterly and yearly basis as well in all regions except for the Midwest which saw declines in home prices but not as large of declines as in the previous month.
“National real estate prices in May have finally moved past the continued losses of the last few years. The subsequent stabilization pattern seen in recent months has progressed into the start of moderate growth,” said Dr. Alex Villacorta, Director of Research and Analytics at Clear Capital. Continue reading “Report shows U.S. Home Prices have "Turned the Corner"“
By Dennis Norman, on May 1st, 2012  Clear Capital just released it’s Home Data Index™ (HDI) for April, which reveals that REO’s, which have been a drag on the market for several years now by bringing home prices down, are actually help bolster prices as a result of investor demand for REO’s for rentals. REO home price gains (on a price per foot basis) are “vastly outpacing fair market prices on a national level” according to the report.
The report also says that the U.S. housing market is on “solid footing” but the Midwest region is on a “slippery slope” seeing it’s fifth month of price declines and it’s year over year losses in home prices increase to 4.0 percent from 3.8 percent the month before. The Northeast region saw a year over year increase in home prices of 0.7 percent while the West and South, both of which saw year over year declines, saw improvements in the rate of decline with their losses shrinking to 1.4 percent and 0.3 percent respectively. I hate to mention it, but St. Louis made the “15 lowest performing MSA’s” list this month…at least we were toward the end at number 12. Continue reading “REO’s bolstering home prices; REO home price gains outpacing fair market prices“
By Dennis Norman, on April 5th, 2012 Clear Capital just released it’s Home Data Index™ (HDI) for March, which includes their forecast that home prices in many cities in the U.S. will increase by year end 1.2 percent while St Louis home prices are projected to decline another 0.2 percent by the end of 2012. The report predicts home price increase of about 1.3 percent by year end in the Northeast, and home price increases of 1.6 percent in the South by year end. At the lower end of the spectrum, the West is projected to see price increases of about 1 percent by year end and the Midwest is expected to see less than 1 percent price increase by December (0.7 percent). Continue reading “Report projects modest increases in home prices for many cities by end of 2012 and a slight decline for St Louis“
By Dennis Norman, on March 6th, 2012 Ugh, not the list we want to be on! Clear Capital just released it’s monthly Home Data Index™ (HDI) for March, which includes a list of the 15 best performing real estate markets in the U.S. as well as the 15 worst performing markets in the U.S and, unfortunately, St Louis is on the worst performing list…albeit barely.
At the top of the list for best performing markets is the metro area of Providence, RI – New Bedford, MA – FallRiver, MA with a 7.3 percent price increase in quarter over quarter and a 7.6 percent price increase in year over year. At the top of the list for the worst performing metro market is Cleveland, OH – Elyria, OH – Mentor, OH with a 9.4 percent price decline in quarter over quarter and a 7.3 percent price decline in year over year. See the complete lists below: Continue reading “St Louis ranked 15th worst performing metro market in U.S.“
By Dennis Norman, on October 6th, 2011  That’s right St. Louis! Clear Capital just released it’s monthly Home Data Index™ (HDI), which includes a list of the 15 hottest major real estate markets in the U.S. and St. Louis was on it! Granted, barely, coming in at the number 15 slot, but hey, we were on the list nonetheless!
The report shows St. Louis home prices increased 5 percent in the 3-month period ending in September compared with the prior 3-month period while U.S. home prices only increased 3.5 percent during the period. On a year-over-year basis, St. Louis home prices were down 3.3 percent while U.S. home prices were down 3.8 percent. Continue reading “St. Louis makes list of 15 hottest real estate markets in September“
By Dennis Norman, on August 5th, 2011 Clear Capital just released their housing market report which, based upon data available through and including July 2011, has ranked the 15 best and worst performing housing markets in the U.S. based upon their quarter-over-quarter change in home prices. St. Louis came in number 4 on the list of best performing metros with a 12.5 percent quarter-over-quarter increase in home prices! See all the results below: Continue reading “St Louis ranked 4th best performing real estate market in U.S.“
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