After coming to a “turning point” last year, the housing market is now stabilizing, according to Clear Capital’smonthly Home Data Index,. This year, Clear Capital expects price gains to slow.
“2013’s forecasted trajectory is one of moderation and stabilization,” according to Clear Capital.
Home prices rose 7.2 percent on an annual basis in April. Last April’s annual price change was a decline of 1.4 percent year-over-year.
However, “market observers shouldn’t be fooled by the large headline numbers,” said Alex Villacorta, director of research and analytics at Clear Capital. Read more ....
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