{"id":73281,"date":"2009-12-09T14:57:16","date_gmt":"2009-12-09T19:57:16","guid":{"rendered":"http:\/\/www.businessinsider.com\/dead-cat-bounce-detroit-home-prices-surge-14-2009-12"},"modified":"2009-12-09T14:57:16","modified_gmt":"2009-12-09T19:57:16","slug":"dead-cat-bounce-detroit-home-prices-surge-14","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/73281","title":{"rendered":"Dead Cat Bounce: Detroit Home Prices Surge 14%"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b2000710000000000c85f49&amp;maxX=385&amp;maxY=250\" border=\"0\" alt=\"housingmap\" width=\"385\" height=\"250\" \/><\/p>\n<p>According to research firm <a href=\"http:\/\/www.clearcapital.com\/company\/MarketReport.cfm?month=December&amp;year=2009\">Clear Capital<\/a> (via <a href=\"http:\/\/www.housingwire.com\/2009\/12\/09\/detroit-home-prices-up-141-clear-capital\/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+HousingWire+(HousingWire)&amp;utm_content=Google+Reader\">HousingWire<\/a>), the Midwest is seeing a home price surge, with Detroit (of all cities) leading the way.<\/p>\n<p>We&#8217;ll add the caveat that there are a lot of small firms out there trying to tackle this question &#8212; and they all tend to come up with different answers &#8212; to be careful.<\/p>\n<p>&#8212;&#8211;<\/p>\n<p><strong>TRUCKEE, Calif. &ndash; Dec. 9, 2009<\/strong> &ndash; Clear Capital (www.clearcapital.com), a premium provider of data and solu-tions for real estate asset valuation, investment and risk assessment, today released its Home Data Index&trade; (HDI) Market Report. Patent pending rolling quarter technology significantly reduces the multi-month lag time associated with other indices to help investors, loan servicers and individual buyers and sellers make more informed, timely and profitable decisions. This month&#8217;s report features data compiled through Nov. 27, 2009.<\/p>\n<p>Report highlights include:<\/p>\n<ul>\n<li>National \/ Four Region Overview: National quarterly price gains are narrowed to a modest 1.4 percent; with the Midwest (2.3%), West (1.5%), South (1.0%) and Northeast (0.9%) all posting modest gains.<\/li>\n<li>Metropolitan Statistical Area (MSA) drilldown: The highest performing major markets continued to experience quarterly home price gains, further minimizing yearly losses. Lake Erie cities of Detroit, Mich. (14.1%), and Cleveland, Ohio (12.8%), top this month&#8217;s highest performing major markets. Softening seasonal home prices have returned most of the lowest performing major markets to negative quarterly results.<\/li>\n<li>Micro Market Analysis: Home price gains of 13.4 percent over the last two rolling quarters indicate prices in the Atlanta, Ga. MSA may have bottomed out and are beginning to recover.<\/li>\n<\/ul>\n<p>The Clear Capital HDI Market Report offers the industry, investors and lenders a near real-time look at pricing conditions not only at the national and metropolitan level, but within local markets. Clear Capital data is built on the most recent data available from recorder\/assessor offices, and then further enhanced by adding the Company&#8217;s proprietary market data for the most comprehensive geographic coverage available.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/dead-cat-bounce-detroit-home-prices-surge-14-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/detroits-racoon-hunter-taking-holiday-orders-2009-12\">Detroit&#8217;s Raccoon Hunter Taking Holiday Orders<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/pontiac-silverdome-sells-for-a-paltry-583000-2009-11\">Detroit&#8217;s Famous Pontiac Silverdome Sells For Just $583,000<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/unemployment-by-the-numbers-2009-10\">Unemployment In Detroit Is The Nation&#8217;s Worst By A Mile<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/BQQfZjp00Lo\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to research firm Clear Capital (via HousingWire), the Midwest is seeing a home price surge, with Detroit (of all cities) leading the way. We&#8217;ll add the caveat that there are a lot of small firms out there trying to tackle this question &#8212; and they all tend to come up with different answers &#8212; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-73281","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/73281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=73281"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/73281\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=73281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=73281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=73281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}