Home Price Growth Has Dissipated With the Summer Heat: Clear Capital

Temperatures are falling, and so are home prices in most local markets. Clear Capital says it’s expecting another long winter as the housing industry tries to cope with the downward forces of weak demand, record-low consumer confidence, and distressed inventory.

Quarterly home price gains through October retreated to near-flat levels with only 0.6 percent growth at the national level, compared to the 3.5 percent quarterly increase reported by Clear Capital in September.

The California-based valuation company says the seasonal gains seen during the stronger spring and summer months have not been enough to push year-over-year home prices into the black.

Read more at – http://www.dsnews.com/articles/home-price-growth-has-dissipated-with-summer-heat-clear-capital-2011-11-04

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About SanDiegoatHomeTeam
Christian van't Vlie and Ivana Milosevic. Helping sellers and buyers successfully reach their real estate goals while keeping them informed every step of the way, disclosing all known facts and real estate practice procedures so that all involved parties can make well-informed decision. We care and we are at your service.

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