Clear Capital’s Home Data Index Lower in July
Clear Capital’s Home Data Index Market Report shows that national yearly growth fell with 9% in July. It is estimated to be 8.4% as of last month.
Home price growth kept contracting in July, which lead to urgent home sales. Distress sales fell to 18% as a percentage of all sales.
Clear Capital’s forecast for 2015 estimates that national home prices will go up with 1.5%.
The highest performing metro markets are Riverside, CA – San Bernardino, CA- Ontaio, CA with distress saturation of 15.5%.
Read the entire article at nationalmortgageprofessional.com.
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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.