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  • Housing Prices will Tank Further in 2011: Clear Capital

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    Sunday Jan. 9, 2011 at 11:05 am EST
    Housing prices will tank further down in 2011: Clear Capital
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    Clear Capital, housing industry consulting firm, predicted a gloomy 2011 for housing industry. According to its forecast report, 2010 saw 4.1% down in housing prices and 2011 won’t be much difference at 3.7%. Looking at historical perspective, prices hit high in middle of 2006 and then continued to dip down until 2009. A revived credit policy, in form of big stimulus, led to a splurge in prices in first quarter of 2009.

    In late 2009, the credit was renewed; buying urgency decreased and ultimately prices began to fall. The prices rose for the last time in mid 2010, when the credit was about to expired and increased purchasing of houses. These trends are evident from the graph and is a classical example of how fed policies effect prices and economy.
    Washington, DC will see the maximum price rise in 2011, dislodging Honolulu from that place. Dayton house prices were down over 22%, the maximum in 2010. According to clear capital report, Virginia Beach will experience highest downfall in housing price in coming year. This report is really interesting and I would suggest you to read the whole report if that interests you.

    You Might Want to Read These:

    Updated Stocks List to Watch for this Month. Housing prices may not have negative impact at least for the 1st Quarter.

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    HSBC Holdings plc (HCS)
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    Cardica Inc. (CRDC)
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