Clear Capital’s latest monthly Home Data Index™ indicates market stability is forecasted for 2012. If prices turn upward as predicted, this will be the “first time since 2006 that the change in annual home prices has landed in positive territory.” DSNews.com published a recap of the study on January 8.
The major metro markets that have seen some of the most extreme pricing swings are:
2011 Positive Price Growth:
- Dayton, OH 11.5%
- Orlando, FL 6.7%
- Miami, FL 5.6%
2011 Price Declines:
- Atlanta, GA 18.3%
- Seattle, WA 15.1%
- Birmingham, AL 11.1%
- Detroit, MI 10.8%
The key conclusion: In 2012, Clear Capital is forecasting U.S. home prices to show continued stabilization, with a slight gain of 0.2 percent across all markets. That would put national home prices near levels not seen since 2001.
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