Decline in home prices to continue to 2011: Clear Capital

 · In its report, Clear Capital forecasts the change in home prices for 2011 in 50 major U.S. metro areas. Although Reno/Sparks is not one of the markets forecasted, Las Vegas/Paradise, NV is. Home prices or forecasted to decline 6.4 percent in 2011 for Las Vegas/Paradise. The report features some nice charts and interesting graphs.

"While national home prices have appreciated 4.2% since early 2009, the West region is poised to double dip by the end of Q1 2011 if trends continue. TRUCKEE, CA – March 10, 2011 – Clear Capital ( ) released its monthly Home data index (hdi) market Report, and reports a quarter-over-quarter national price change of -1.4 percent.

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 · National quarterly home prices changed -4.9%; while year-over-year national price changes reached -5.0%. National home prices have fallen 11.5% over the previous nine-month period, a rate of decline not experienced since 2008. In a sign of the continued volatility and fragility of home prices, all the major metropolitan statistical areas (msa) tracked in this month’s report showed.

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That may be especially true in the West, where, according to Clear Capital, home prices in the region dropped. and credit score requirements to get the best loan terms. Home-price drops may.

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U.S. Home Prices Continue Slight Decline as West Region Drags Nation Down According to the Clear Capital HDI Market Report "While national home prices have appreciated 4.2% since early 2009, the West region is poised to double dip by the end of Q1 2011 if trends continue.

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