RENO, NV--(Marketwired - July 11, 2016) -
Clear Capital's adjusted 2016 year-end forecast is in, and the numbers indicate that the nation will see a new regional front-runner as the South is expected to outpace the West over the next six months.
"Overall, our forecasting models are predicting the second half of 2016 to be much slower than its start, with all regions forecasted to see very little price change by the end of the year. The Federal Reserve won't be raising interest rates this summer, and while this will help keep the cost of mortgage lending to a minimum, at least in the short term, there are other key global factors that could spell uncertainty for the American housing industry through the end of the year. Negative interest rates in several global markets may begin to push domestic interest rates down even further, which could have rather ambiguous effect -- either increasing demand due to the low cost of borrowing or leading consumers to lose precious confidence in the housing industry. It's still far too early to tell how the recent global economic and financial market shakeups will affect the US housing market, but our initial forecasts are very cautious about overestimating potential growth, particularly in the Northeast and West," states Alex Villacorta, Ph.D., vice president of research and analytics at Clear Capital.
Top 30 MSAs June 2016
The June 2016 file of the Top 30 MSAs is available by accessing our data on the Bloomberg Professional service by typing CLCA <GO> or by contacting:
Brian Opsal
Vice President, Marketing
brian.opsal@clearcapital.com
Phone: 530.550.2546
About the Clear Capital® Home Data Index (HDI) Market Report
The Clear Capital HDI Market Report provides insights into market trends and other leading indices for the real estate market at the national and local levels. A critical difference in the value of the HDI Market Report is the capability of Clear Capital to provide more timely and granular reporting than nearly any other home price index provider.
Clear Capital® HDI Methodology
About Clear Capital®
Clear Capital is a nationwide provider of real estate valuations, data and analytics, quality assurance services and technology solutions. The Company's customers include mortgage lenders, servicers, investors, GSEs, and Ratings Agencies. Clear Capital products include appraisals, broker price opinions, property condition inspections, value reconciliations, appraisal review and risk scoring, automated valuation models, home data indices, and platform solutions. The Company's innovative technology, experienced valuation experts, and a well-trained network of more than 30,000 field experts sets a new standard for accurate, up-to-date, and well documented valuation data and assessments. Morningstar Credit Rating issued Clear Capital its highest Residential Vendor Ranking - MOR RV1. Clear Capital's home price data can be accessed on the Bloomberg Professional service by typing CLCA <GO>.
The information contained in this report is based on sources that are deemed to be reliable; however no representation or warranty is made as to the accuracy, completeness, or fitness for any particular purpose of any information contained herein. This report is not intended as investment advice, and should not be viewed as any guarantee of value, condition, or other attribute.
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Contact Information:
Brian Opsal
Vice President, Marketing
brian.opsal@clearcapital.com
Phone: 530.550.2546