Tuesday, October 2, 2012

Clear Capital: DC Metro Home Prices Rise 12.2%

The latest Clear Capital Home Data Index Market Report -- with data through September 2012 -- was released October 2.

Washington Metro Area Home Prices

Washington Core Based Statistical Area (CBSA) is defined as the District, Arlington, Alexandria -- reports the following market changes:

  • Washington Metro home prices rose 12.2% over September 2011.
  • Home prices rose 5.1% on a rolling quarterly basis.

U.S. Home Prices
  • Home prices nationwide increased 3.6% over September 2011.
  • Gains of 1.8% were seen over a rolling quarterly basis.

Regional Home Prices

  • West - prices advanced 9.4% over September 2011
  • Northeast - increased 0.9%
  • South - prices rose 3.2% over September of last year
  • Midwest - home prices rose 1.5%

Clear Capital Methodology

  • Generates indices in patent pending rolling quarter intervals that compare the most recent four month to the previous three months, significantly reducing the multi-month lag time experienced with other indices.

  • Includes both conventional fair market sales and “institutional transactions” – short sales and foreclosures.

  • Uses resales with multiple property types, including single-family homes, multi-family homes, and condominiums.

Clear Capital is a premium provider of data for real estate asset valuation and risk assessment for large financial services companies. The Company's customers include the largest U.S. banks, investment firms and other financial organizations.

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