Clear Capital Develops Home Data Index Market Report

Posted by Orb Staff on June 10, 2009 No Comments
Categories : Residential Mortgage

Capital, a provider of data and solutions for real estate asset valuation, investment and risk assessment, has launched its Home Data Index Market Report. Each month's report will offer a national/four-region overview and ranking of the top 15 highest- and lowest-performing metropolitan statistical areas, followed by a new Micro Market Analysis. Among the findings for June's index are that Birmingham, Ala., (8.9%) and Cleveland (6.7%) top rolling quarter-over-quarter price gains, while Phoenix (-17.0%), and Las Vegas (-15.5%) experienced the biggest losses. ‘It's a relief to see some local stabilization this month in at least a few of the worst-hit markets,’ says Kevin Marshall, president of Clear Capital. ‘For instance, a specific segment of the Cleveland market returned the first quarter-over-quarter gain since its downturn began in mid-2005, signaling some very specific investment activity. We expect to see this type of recovery on a neighborhood-by-neighborhood basis as savvy investors are taking a more surgical approach to due diligence and looking at micro-markets very carefully.’ The index also found that continued declines across the U.S. appear to be slowing, with the Midwest and the South receiving the greatest lift. Values in the West and the Northeast, meanwhile, fared worse than the nation's 3.4% quarter-over-quarter decline. SOURCE: Clear

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