From the monthly archives: February 2011

Investors Seek to Cash-In on Double Dip

By On February 28, 2011 · Leave a Comment

Home prices slid in December in most US cities.  According to the NY Times, Robert Shiller believes there is a substantial risk of housing falling another 15, 20 or even 25 percent.

“The 20-city Case-Shiller composite is already off 31.2 percent from its peak, according to data released Tuesday. Average home prices in Atlanta, Cleveland, [...]

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27% of Homeowners with a Mortgage were Underwater at 2010 Year’s End

By On February 14, 2011 · Leave a Comment

Henry Blodget and Aaron Task discuss the impact of underwater homes and point out a silver lining:

1. Falling home prices increases affordability. The newest data shows the housing affordability index hit a 35-year low in some areas in the third quarter of 2010.  In many of those same locations prices are now below [...]

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Clear Capital’s Forecast for 2011

By On February 14, 2011 · Leave a Comment

After reporting a year-over-year national price change in 2010 of -4.1 percent, Clear Capital expects another -3.7 percent year-over-year change in 2011.

Clear Capital claims that “2011 should be more consistent, price-wise, both for the better and worse. Typically, markets with both high unemployment and high REO [Bank Owned] saturation are troubled and [...]

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