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Housing’s next leg down

Posted on 05 August 2011

Today’s consumers are more focused on still-falling home prices, and we got a slew of data on that this week as well. Clear Capital reported a 7.9 percent annual drop in home prices; this after CoreLogic reported a 6.8 percent drop yesterday.
I tried to get an explanation as to why the two reports differed, but all I could glean was that there are different “models” and Clear Capital’s includes more recent data. Both reports beamed that home prices were improving month to month for three or four months, but of course that’s seasonal and already turning opposite……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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