Market Report December: Modest Gains to Stoke the Winter Fire
Summary
In January we predicted that the Midwest would be a frontrunner this year for both homeowners and investors, and the regions small percentage point gains, subsiding losses, and decreased volatility indicate steady improvement that is reflective of the greater recovery. "The slow moderation of home prices back to historical rates of growth is the most defining attribute of the market over the year. "This upward trend is encouraging, but we must remember that gains are as much a function of how low prices have fallen as they are a sign of stabilization and outperformance. "Until it has the support of other economic inputs like income growth, tapering rental rates, and loosening credit, housing will be challenged in welcoming first-time homebuyers. Clear Capital is a nationwide provider of real estate valuations, data and analytics, quality assurance services, and technology solutions.
Classifications
AskAI Classifications
LabelsLinked Companies
