Friday, October 22, 2010

The 'Underwater' Party Grows


The Clear Capital index is also repeat sales, with a price-per-square-foot model, and is a rolling three months average that can be updated daily....[CalcRisk comment]

"Clear Capital’s latest data through October 22 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 the gains obtained during the flurry of activity just preceding the tax credit expiration.”

This special Clear Capital Home Data Index (HDI) alert shows that national home prices have declined 5.9% in just two months and are now at the same level as in mid April 2010 --quoting Clear Capital

So how's the water?

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