Dive Brief:
- Clear Capital, a company that specializes in valuing assets in the U.S. economy, says in its latest report on housing that prices will begin to stabilize this year, with increases settling into a range of 3% to 5% annually.
- Stabilizing prices will help motivate buyers, and the recovery is not in danger of ending despite what the company expects to be a slow spring selling period.
- Alex Villacorta, VP of research and analytics at Clear Capital, sees buyers responding to value opportunities in mid-range homes ($95,000 to $310,000) because homes in that range are 30.6% below their pre-recession peaks.
Dive Insight:
A slow spring selling start is no reason to doubt the housing recovery, Villacorta argues. A more settled market than we have seen in the last couple of years will, in fact, bring out more buyers, he says.