09/13/2011

Pound Ridge NY Real Estate | Pound Ridge Auto

Sep 13, 2011 8:20:34 AM | Weblogs

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Forecast: 15 top-performing real estate markets for remainder of 2011

Despite Q2 uptick, overall home prices expected to dip further by year’s end

U.S. home prices rose slightly in the second quarter, but ultimately fell in the first half of the year and are likely to fall further in the second half, according to a report from data and valuation firm Clear Capital, released today.

The firm’s Home Data Index fell 3.2 percent between fourth-quarter 2010 and second-quarter 2011, despite a 0.9 percent increase in the second quarter from the first quarter. Prices are expected to fall another 2.4 percent by year-end. Since June 2010, home prices have fallen 8 percent overall, the report said.