Clear Capital: Home price drop sudden and dramatic

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"Investors who have been snapping up foreclosed homes are backing off in the wake of the U.S. foreclosure fiasco, driven by sagging inventory and fears over legal title, and some economists say the trend could hurt the overall housing market." Housing Wire – "Clear Capital: Home price drop sudden and dramatic" (10-22-10)

Clear Capital: Home Price Drop Sudden and Dramatic By clear capital october 22, 2010 No Comments (HousingWire.com) – Clear Capital said a 6%, two-month decline in home prices represents a magnitude and speed not seen since March 2009.

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Nervous sellers and buyers starved of options are striking deals soon after homes are. we had a sharp drop in demand from.

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The very next day, in a special release, Clear Capital reported a "sudden and dramatic" drop in U.S. home prices: Most recent data shows a two-month 5.9% price decline representing a magnitude and speed of decline not seen since March 2009; similar declines for September and October expected to appear in other industry indices in coming months.

"Clear Capital’s latest data shows even more pronounced price declines than our most recent HDI market report released two weeks ago," said Dr. Alex Villacorta, senior statistician, Clear Capital. "At the national level, home prices are clearly experiencing a dramatic drop from the tax credit-induced highs, effectively wiping out all of.

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And understandably so: The share of homes that are worth less than what the owner owes on her mortgage has been cut in half since 2011. But even after that dramatic drop. ideas a clear track record.

Clear Capital has issued a special press release report on home prices that shows a Sudden and Dramatic Drop in U.S. Home Prices Coca Cola, Max Keiser and the prison planet killer bumblebees After bailing out the creditors via Paulson’s extortion, Obama will now have to write off debtor’s debts anyway (as we said back in 2008)

National home prices have dropped 5.9% in the last two months and are now at the same level seen in mid-April, two weeks prior to the expiration of the federal home-buyer tax credit, Clear Capital.