RENO, NV--(Marketwired - March 27, 2017) - The spring season's residential real estate rush is approaching fast. However, national home price growth remains chilly, but a warmer spring demand will require informed, fast-acting and well-positioned buyers.
"Along with an increase in temperatures, the spring season also brings out the buyers and an increase in demand to the housing market, which most often translates to faster price growth and a decrease in marketing times," states Alex Villacorta, Ph.D., Vice President of Research and Analytics at Clear Capital. "But what's great news for homeowners -- particularly those looking to get out of negative equity or sell outright -- is unfortunately bad news for prospective buyers. This springtime uptick in demand is likely to put buyers in a major time pinch in areas where marketing time is already lightning fast. This situation coupled with the already precarious affordability situation for buyers can lead to a self-fulfilling prophecy of sorts for the market as a whole, one where buyers rush to purchase homes at or above asking price in fear of waiting too long and losing out -- pushing prices up and pulling marketing times even lower. Buyers will need to remain vigilant this spring and constantly keep their eyes peeled for new supply entering the market, and most importantly be wary of rushing to purchase at sky-high prices. "
Top 30 MSAs February 2017
The February 2017 file of the Top 30 MSAs is available by accessing our data on the Bloomberg Professional service by typing CLCA <GO> or by contacting:
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.
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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:
Russ Johnson
Chief Marketing Officer
russ.johnson@clearcapital.com
Phone: 530.550.2522