{"id":1004108767,"date":"2014-12-03T12:07:48","date_gmt":"2014-12-03T20:07:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004108767"},"modified":"2022-12-03T03:47:54","modified_gmt":"2022-12-03T11:47:54","slug":"hdi-report-by-clear-capital-moderation-continues-with-home-price-gains","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hdi-report-by-clear-capital-moderation-continues-with-home-price-gains\/","title":{"rendered":"HDI Report by Clear Capital: Moderation Continues with Home Price Gains"},"content":{"rendered":"<p><i>\u00a0<\/i><i>By Keith Loria, Contributing Editor<\/i><\/p>\n<div id=\"attachment_1004108772\" style=\"width: 160px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/12\/Alex-Villacorta.png\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004108772\" data-attachment-id=\"1004108772\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hdi-report-by-clear-capital-moderation-continues-with-home-price-gains\/alex-villacorta\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/12\/Alex-Villacorta.png\" data-orig-size=\"448,275\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Alex Villacorta\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Alex Villacorta&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/12\/Alex-Villacorta.png?w=448\" loading=\"lazy\" class=\"size-thumbnail wp-image-1004108772\" alt=\"Alex Villacorta\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/12\/Alex-Villacorta.png\" width=\"150\" height=\"150\" \/><\/a><p id=\"caption-attachment-1004108772\" class=\"wp-caption-text\">Alex Villacorta, Clear Capital<\/p><\/div>\n<p>Clear Capital has released its latest Home Data Index Market Report, which revealed that national home price gains decreased to 6.7 percent year over year and 1 percent quarter-over-quarter, for the period ending in November.<\/p>\n<p>These figures represent the 11<sup>th<\/sup> consecutive month of moderation. Additionally, distressed saturation fell to just 16.8 percent, suggesting the shortage of lower priced inventory is the catalyst for stalling gains.<\/p>\n<p>\u201cWe had the big meltdown in \u201907 and what happened as a result of that crash, during that irrational panic, prices went well below where they had been historically, so it wasn\u2019t just a correction of the bubble, but an overcorrection,\u201d Alex Villacorta, Clear Capital\u2019s vice president of research and analytics, told <i>Commercial Property Executive<\/i>. \u201cAt the end of 2011, we saw a strong investor demand fuel home price growth and really an overall confidence in the housing sector all the way through 2013, until it started to taper off. That was a correction to the correction.\u201d<\/p>\n<p>The report shows a lack of demand in the performing-only segment, and this coupled with a dwindling supply of distressed inventory, leaves the future of home prices squarely in the hands of traditional homebuyers, who have yet to show any signs of re-engaging.<\/p>\n<p>\u201cAs we look at 2014, we saw these rates of growth really starting to moderate, simply a function of return to normalcy, and that\u2019s the prosperous of what we\u2019re on now,\u201d Villacorta said. \u201cAs we turn to 2015 we haven\u2019t really seen this moderation price growth stabilize. In terms of where we see prices going in 2015, we do expect the moderation to continue. Performing-only sale trends are a bellwether for what\u2019s to come for the entirety of the year.\u201d<\/p>\n<p>Looking at national trends, the HDI index showed the West seeing the strongest moderation across the country with its yearly rates of growth falling below 10 percent for the first time in three years, a sure sign of more moderation to come over the next several months.<\/p>\n<p>Excluding distressed sales, performing-only national home price growth over the last year was just 4.4 percent, down from a recovery high of 7.2 percent. According to Villacorta, the report anticipates future losses, as performing-only sale trends indicate that non-investor buyers are not engaged enough to support a moderating recovery. Therefore, quarterly losses could snowball into yearly losses, and create a negative feedback.<\/p>\n<p>\u201cAs markets continue to normalize, we\u2019ll see reduced growth from the distressed segment, which is a good thing for the market overall as the legacy of the housing crisis fades in the rear-view,\u201d he added. \u201cYet, should national rates of growth turn to losses as a result, non-investor homebuyers will likely further disengage.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Clear Capital has released its latest Home Data Index Market Report, which revealed that national home price gains decreased to 6.7 percent year over year.<\/p>\n","protected":false},"author":952,"featured_media":1004108772,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004108767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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