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Clear Capital Reports Signs of Housing Market Stabilizing
HOW LOANRATEUPDATE WORKS
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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Clear Capital Reports Signs of Housing Market Stabilizing
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Clear Capital Reports Signs of Housing Market Stabilizing

June 9, 2011 (Jeff Alan)

Clear Capital reports that there are signs of market stabilization for the upcoming summer buying season as U.S. quarter-over-quarter home prices through the end of May declined only 2.3 percent according to data from its latest Home Price Index (HPI), which was half of what the decline was in last months report.

Year-over-year home prices for the same quarter were down 7.6 percent, which was an increase from 5.0 percent in last months report and sets prices back to levels not seen since the year 2000.

“The latest Market Report results through May suggest that home prices are starting to ease back from the heavy declines seen over the winter,” said Dr. Alex Villacorta, director of research and analytics at Clear Capital. “We are still far away from the strong demand needed to fully turn things around for the housing market; however, it is clear from the initial spring sales data that prices are softening, suggesting stabilization in the market.”

The Real Estate Owned (REO) saturation rate, the percentage of all transactions that were distressed properties, dropped to 33.9 percent, which was down from April’s rate of 34.5 percent. There was also good news concerning REO prices with the latest data showing that the price paid for distressed properties has increased 5.0 percent over the last three quarters which Clear Capital attributes to increased activity in the higher-end REO market.

“The saturation rate has leveled off after climbing 10 percent since July 2010, with the latest data showing national REO saturation holding steady at 33 percent,” added Villacorta. “The median price paid for distressed properties has risen over the past three quarters, which is a good sign that the REO market segment is seeing increased activity toward the upper end of this space.”

The top performing market for the current quarter through the end of May was the Washington D.C.-Arlington, VA-Alexandra, VA area which experienced price increases of 4.5 percent quarter-over-quarter. They were followed by St Louis, MO (2.2%), Pittsburgh, PA (1.6%), New York, NY-Long Island, NY-No. New Jersey, NJ (1.5%), and Virginia Beach, FL-Ft. Lauderdale, FL-Miami Beach, FL (0.6%)

The worst performing market for the current quarter was the Detroit, MI-Warren, MI-Livonia, MI area which experienced price declines of 13.2 percent. They were followed by New Orleans, LA-Metairie, LA-Kenner, LA (-10.9%), Hartford, CT-West Hartford, CT-East Hartford, CT (-10.7%), Cleveland, OH-Elyria, OH-Mentor, OH (-10.1%, and Columbus, OH (-10.1%).

Detroit, Cleveland, and Columbus were especially hard hit by high REO saturation rates of 58 percent, 44.3 percent, and 45.6 percent, respectively, as distressed home prices in these areas bucked the nation wide trend by declining instead of increasing.

You can read the HPI report in its entirety on Clear Capital’s website here.

Tags: Clear Capital, Home Price Index, HPI, market stabilization, summer buying season, REO, home prices, saturation rate, distressed home prices

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

June 9, 2011 (Jeff Alan)

Clear Capital reports that there are signs of market stabilization for the upcoming summer buying season as U.S. quarter-over-quarter home prices through the end of May declined only 2.3 percent according to data from its latest Home Price Index (HPI), which was half of what the decline was in last months report.

Year-over-year home prices for the same quarter were down 7.6 percent, which was an increase from 5.0 percent in last months report and sets prices back to levels not seen since the year 2000.

“The latest Market Report results through May suggest that home prices are starting to ease back from the heavy declines seen over the winter,” said Dr. Alex Villacorta, director of research and analytics at Clear Capital. “We are still far away from the strong demand needed to fully turn things around for the housing market; however, it is clear from the initial spring sales data that prices are softening, suggesting stabilization in the market.”

The Real Estate Owned (REO) saturation rate, the percentage of all transactions that were distressed properties, dropped to 33.9 percent, which was down from April’s rate of 34.5 percent. There was also good news concerning REO prices with the latest data showing that the price paid for distressed properties has increased 5.0 percent over the last three quarters which Clear Capital attributes to increased activity in the higher-end REO market.

“The saturation rate has leveled off after climbing 10 percent since July 2010, with the latest data showing national REO saturation holding steady at 33 percent,” added Villacorta. “The median price paid for distressed properties has risen over the past three quarters, which is a good sign that the REO market segment is seeing increased activity toward the upper end of this space.”

The top performing market for the current quarter through the end of May was the Washington D.C.-Arlington, VA-Alexandra, VA area which experienced price increases of 4.5 percent quarter-over-quarter. They were followed by St Louis, MO (2.2%), Pittsburgh, PA (1.6%), New York, NY-Long Island, NY-No. New Jersey, NJ (1.5%), and Virginia Beach, FL-Ft. Lauderdale, FL-Miami Beach, FL (0.6%)

The worst performing market for the current quarter was the Detroit, MI-Warren, MI-Livonia, MI area which experienced price declines of 13.2 percent. They were followed by New Orleans, LA-Metairie, LA-Kenner, LA (-10.9%), Hartford, CT-West Hartford, CT-East Hartford, CT (-10.7%), Cleveland, OH-Elyria, OH-Mentor, OH (-10.1%, and Columbus, OH (-10.1%).

Detroit, Cleveland, and Columbus were especially hard hit by high REO saturation rates of 58 percent, 44.3 percent, and 45.6 percent, respectively, as distressed home prices in these areas bucked the nation wide trend by declining instead of increasing.

You can read the HPI report in its entirety on Clear Capital’s website here.

Tags: Clear Capital, Home Price Index, HPI, market stabilization, summer buying season, REO, home prices, saturation rate, distressed home prices

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

June 9, 2011 (Jeff Alan)

Clear Capital reports that there are signs of market stabilization for the upcoming summer buying season as U.S. quarter-over-quarter home prices through the end of May declined only 2.3 percent according to data from its latest Home Price Index (HPI), which was half of what the decline was in last months report.

Year-over-year home prices for the same quarter were down 7.6 percent, which was an increase from 5.0 percent in last months report and sets prices back to levels not seen since the year 2000.

“The latest Market Report results through May suggest that home prices are starting to ease back from the heavy declines seen over the winter,” said Dr. Alex Villacorta, director of research and analytics at Clear Capital. “We are still far away from the strong demand needed to fully turn things around for the housing market; however, it is clear from the initial spring sales data that prices are softening, suggesting stabilization in the market.”

The Real Estate Owned (REO) saturation rate, the percentage of all transactions that were distressed properties, dropped to 33.9 percent, which was down from April’s rate of 34.5 percent. There was also good news concerning REO prices with the latest data showing that the price paid for distressed properties has increased 5.0 percent over the last three quarters which Clear Capital attributes to increased activity in the higher-end REO market.

“The saturation rate has leveled off after climbing 10 percent since July 2010, with the latest data showing national REO saturation holding steady at 33 percent,” added Villacorta. “The median price paid for distressed properties has risen over the past three quarters, which is a good sign that the REO market segment is seeing increased activity toward the upper end of this space.”

The top performing market for the current quarter through the end of May was the Washington D.C.-Arlington, VA-Alexandra, VA area which experienced price increases of 4.5 percent quarter-over-quarter. They were followed by St Louis, MO (2.2%), Pittsburgh, PA (1.6%), New York, NY-Long Island, NY-No. New Jersey, NJ (1.5%), and Virginia Beach, FL-Ft. Lauderdale, FL-Miami Beach, FL (0.6%)

The worst performing market for the current quarter was the Detroit, MI-Warren, MI-Livonia, MI area which experienced price declines of 13.2 percent. They were followed by New Orleans, LA-Metairie, LA-Kenner, LA (-10.9%), Hartford, CT-West Hartford, CT-East Hartford, CT (-10.7%), Cleveland, OH-Elyria, OH-Mentor, OH (-10.1%, and Columbus, OH (-10.1%).

Detroit, Cleveland, and Columbus were especially hard hit by high REO saturation rates of 58 percent, 44.3 percent, and 45.6 percent, respectively, as distressed home prices in these areas bucked the nation wide trend by declining instead of increasing.

You can read the HPI report in its entirety on Clear Capital’s website here.

Tags: Clear Capital, Home Price Index, HPI, market stabilization, summer buying season, REO, home prices, saturation rate, distressed home prices

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS