Thursday, March 4, 2010

National Yearly Home Prices Continue to Improve

TRUCKEE, CA – Mar. 4, 2010 – Clear Capital (www.clearcapital.com), a premium provider of data and solutions for real estate asset valuation, investment and risk assessment, today released its Home Data Index™ (HDI) Market Report.

 Patent pending rolling quarter technology significantly reduces the multi-month lag time associated with other indices to help investors, loan servicers and individual buyers and sellers make more informed, timely and profitable decisions.

Report highlights include:

National / Four Region Overview: With February numbers accounted for, the National yearly home prices continued to improve posting a 5.0% price change, while quarter-over-quarter price change was flat at 0.0%. All four U.S. regions posted very consistent quarterly price changes within 1.4% of the national figure.

Metropolitan Statistical Area (MSA) drilldown: Providence, R.I. rose to the top of the highest performing markets list with a 6.1% quarterly price change.

Los Angeles, Calif. prices gained 2.2% for the quarter, giving California five of the 15 highest performing markets. REO saturation edged up in eleven of fifteen of these markets this month by an average of 1.3%.

Micro Market Analysis: The Boston, Mass. micro markets, one of the first to see prices drop at the beginning of the downturn, saw yearly home prices recover 6.9%.

For a complete copy of the report, please contact: 

Heather Pond, 735 Market Street 4th Floor, San Francisco, CA 94103, 415. 593.1400 ext. 230, heather@atomicpr.com

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