U.S. home prices, sales slide in 2010

New York /
Feb.February 03, 2011 12:23 PM

U.S. home prices saw a 1.6 percent quarter-over-quarter decline in 2010, according to Clear Capital’s monthly Home Data Index Market Report, released today. But despite the negative quarterly price change, the national index shows that U.S. home prices stopped declining in early January and have posted their first uptick since mid-August 2010, with the New York-Long Island-Northern New Jersey metro market posting a 1.6 percent month-over-month gain in January, and a 3.2 percent year-over-year gain. “This recent national change in price direction is encouraging for the overall housing sector, yet it is still too early to determine whether this current uptick in home prices is a temporary reprieve or the start of a sustained recovery,” said Alex Villacorta, a senior statistician at Clear Capital. “This uptick is the first non-incentivized change in prices we’ve seen since the downturn began, and could provide great opportunity for buyers, sellers and investors alike.” Meanwhile, national sales of new homes in 2010 fell to the lowest levels in 47 years, totaling 321,000, a 14.4 percent drop from the 375,000 homes sold in 2009, according to figures released yesterday by the Department of Commerce, the fifth consecutive year that sales have declined. TRD


Related Articles

arrow_forward_ios
13000 and 13001 Lewin Lane (Photos via Jills Zeder Group)
#Twinning: Identical brothers asking $54M for side-by-side mansions
#Twinning: Identical brothers asking $54M for side-by-side mansions
Zillow's Rich Barton and Opendoor's Eric Wu (Zillow Group, LinikedIn, Getty)
After iBuying debacle, Zillow partners with Opendoor
After iBuying debacle, Zillow partners with Opendoor
From left: Opendoor CEO Eric Wu and FTC chair Lina Khan (Getty Images, Opendoor)
FTC slaps Opendoor with $62M fine for “misleading” sellers
FTC slaps Opendoor with $62M fine for “misleading” sellers
NAR CEO Bob Goldberg (NAR, Getty Images)
Agents notched 25% income bump in frenzied 2021
Agents notched 25% income bump in frenzied 2021
(Photo Illustration by The Real Deal with Getty Images)
Long Island, Hamptons sales slow and listings tick up
Long Island, Hamptons sales slow and listings tick up
(Getty/Illustration by The Real Deal)
TRD Pro: Bronx neighborhoods ranked by average home sale price
TRD Pro: Bronx neighborhoods ranked by average home sale price
My Community Homes' Marcos Egipciaco and American Homes 4 Rent David Singelyn (CPP, LinkedIn, Getty)
Investors cool home purchasing for single-family rentals
Investors cool home purchasing for single-family rentals
(iStock/Illustration by The Real Deal)
Good news: NYC now only the 3rd least-affordable U.S. housing market
Good news: NYC now only the 3rd least-affordable U.S. housing market
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...