The Virginian-Pilot
©
If at first you get it wrong, learn your lesson and try again.
Last year, a housing market research firm predicted home prices in Hampton Roads would fall 12.8 percent - a significant overestimate.
It was the largest decline that Clear Capital forecast for any of the metropolitan areas surveyed.
Instead, prices in Hampton Roads fell just 4.4 percent in 2011, said Clear Capital, which tracks home prices in the nation's 50 largest metro areas. The steepest decline occurred in Atlanta, which saw prices decline 18.3 percent last year, according to the research firm.
This year, the firm, which is based in Truckee, Calif., is calling for a more modest decline of 2.3 percent in Hampton Roads.
Clear Capital tracks prices based on repeat sales of the same properties, much like the Standard & Poor's Case-Shiller 20-city housing index.
For 2012, the firm is forecasting home prices will fall the most again in Atlanta, and rise the most in Orlando, Fla.
To see the report, visit http://bit.ly/zIojJH.
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smeone get your numbers straight....
"The median price was $179,000 in December, down slightly from November and 10.5 percent lower than a year earlier, the local listing service reported.
"I don't want to say we've hit the bottom, but I certainly think we're moving in the right direction," said Ron Foresta, president of Rose & Womble Realty Co.'s resale division."
Va Pilot 2 days ago
two days ago an article says -10.5% 2011 housing price decline
this article today says -4.5% 2011 housing price decline
Realtors are salespeople.
Realtors are salespeople. There is only one motive behind their numbers.