Clear Capital
By Esther Cho | 04/30/2012
According to data from Clear Capital, over the last year, REO prices have increased 5.5 percent, while fair market sales prices dropped 2.9 percent. The real estate data provider explained that demand for REOs is most likely causing the increase in prices and named Carrington Holding Company, Amherst Securities Group, and Waypoint Financial as examples of investors purchasing single-family REOs with the purpose of converting them into rental properties.
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By Carrie Bay | 04/04/2012
The valuation firm Clear Capital released the results of its home price forecasting models Thursday. The company expects residential property values at the national level to begin to show slight increases over the next three months, ending the year with a growth rate of 1.2 percent. Clear Capital's diagrams depict the valley shape with current prices at the bottom and a subtle upward trend from March through December of 2012. Markets in the southern part of the country are expected to perform the strongest.
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By Esther Cho | 03/30/2012
Clear Capital announced the availability of ClearQC, a hosted service to automate the review of BPO and appraisal reports.
ClearQC allows loan originators, servicers, and investors to run their valuation reports from any provider through an automated process to highlight complete and well-supported valuations, while also flagging those needing further review.
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By Carrie Bay | 02/05/2012
Data through the end of January released by Clear Capital Monday shows home prices in the U.S. are down 2.6 percent from a year ago. The company's rolling quarter assessment, which compares the four months through January 2012 to the previous three months, returned a 1.6 percent decline in home prices at the national level, after three months of stability. Clear Capital says the culprit is the Midwest market, which saw a dramatic turnaround in momentum in January and led the nation in quarterly losses.
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By Carrie Bay | 01/08/2012
While year-over-year home price measurements notched down in 2011, prices are expected to see a slight uptick in 2012, according to Clear Capital. Should the valuation company's predictions ring true, it would be the first time since 2006 that the change in annual home prices has landed in positive territory. Data released by Clear Capital Monday shows year-over-year, national home prices dropped 2.1 percent in 2011. For 2012, the company projects a slight gain of 0.2 percent.
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By Krista Franks | 12/09/2011
The housing market may be stabilizing as house prices and REO saturation rates show little change on a quarterly and yearly basis, according to Clear Capital's most recent Home Data Index.
Nationally, prices rose just 0.3 percent while the REO saturation rate was relatively unchanged at 24.6 percent over the most recent quarter, according to data through the end of November. Clear Capital measures housing data on a rolling quarter, which compares the most recent four months with the previous three.
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By Krista Franks | 12/06/2011
Home price predictions have traditionally been fairly straightforward, relying heavily on employment and income levels, according to Michael Sklarz of Collateral Analytics. However, the last cycle has posed challenges for analysts, Sklarz noted during a panel at the Five Star MPact Conference held in Dallas this week. Industry experts participating in the discussion stressed that national predictors - even if accurate - may not be relevant on a local basis.
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By Carrie Bay | 11/04/2011
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. The 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. Clear Capital's October index puts national home prices 2.8 percent below a year ago.
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By Carrie Bay | 10/27/2011
Clear Capital announced Thursday the appointments of Gabriel Nacht as CFO and Brian Wick as VP of marketing. Both individuals bring more than 24 years of experience to their positions with the company. A few weeks ago, Clear Capital also announced the appointment of Erik Lundquist to head its commercial valuations team, and the company says it's looking to add further to its staff, with a number of key positions currently available.
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By Carrie Bay | 10/14/2011
The analysts at Barclays Capital say a "triple-dip" in home prices will likely materialize by early next year. The term "triple-dip" emerged in a Clear Capital report a couple of weeks ago, and Barclays says its analysis corroborates the idea. The research firm warns that home prices will likely slip another 6 to 7 percent over the coming winter months. That would put median prices at a new low for this cycle, in fact 3 percent below the double-dip measurement of last spring.
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