Decline in home prices to continue to 2011: Clear Capital

Clear Capital: Quarterly Declines Continue. Provider of valuation services, Clear Capital, reported its Home Data Index for the 3 months ending February 2011. The report shows a 3-month price decline of 1.4%, nationally. For the year ending December 2010, Clear Capital reported a 3.9% national price decline.

Home prices fell 4.1 percent during 2010 and another 3.7 percent decline is expected in 2011 according to Clear Capital’s latest Home Data Index Market Report. "In terms of home prices, this past year has certainly been characterized by uncertainty," said Dr. Alex Villacorta, senior statistician, Clear Capital.

After rising during 2009 and part of 2010, they’ve begun falling again, and will continue to decline in 2011. Clear Capital predicts a 3.7% drop this year, which is quite similar to 2010’s fall.

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Like the two years proceeding it, 2010 was a tough year for home. welcome price increases. Below is a list of the top 10 cities that Clear Capital expects will rise in property value in 2011,

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Do you work in a jurisdiction where housing prices continue to fall? Check out this report at Clear Capital to see if your jurisdiction can expect more problems. Housing prices continue to fall due to foreclosure sales and continued unemployment but some area are harder hit than others.

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In October Clear Capital declared they were seeing the quickest decline in home values since mid-2009, with prices dropping 6 percent over September and October. CoreLogic released a report that said prices were down 1.5 percent over the past year, and that the market would continue to show weakness for the following year.

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Unfortunately, the latest home prices. to imply that prices could be stabilizing in many areas, though even within the regions with little or no price decline, some metropolitan areas saw prices.

Homes prices could continue to fall this year, if a forecast made by Clear Capital is correct. national home prices will experience a 3.7 percent year-over-year drop this year, according to the.

According to Clear Capital’s monthly Home Data Index (HDI) market report, U.S. home prices posted a quarter-over-quarter national price change of -1.4 percent. "Despite distressed inventory pressure and traditional winter inactivity, current trends are continuing to show a softening of price declines," said Dr. Alex Villacorta, director of research and analytics at Clear Capital.