TRUCKEE, CA—Housing prices generally havereturned to levels seen in 2004, but what about the pricingachieved in the years that followed? Those peaks have largelydisappeared in what Clear Capital calls the “lostdecade” for the US housing market.
“We're back to '04 levels without even accounting for inflation,leaving many homeowners with no more equity than when they bought,”the Truckee, CA-based data provider says in its newly issued HomeData Index Market Report. “This is unusual in the history of thehousing market where prices have risen 55% over each rolling 10year period since 1985.”
That lost decade is shaping up to a lost decade-plus. ClearCapital expects continued moderation in home prices, with just 1.8%projected through the company's revised 2015 forecast.
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