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Clear Capital’s latest report detailing second-quarter home prices shows a 4.0 percent increase in values over the summer months. Price gains were strongest in the Midwest region, where they jumped 7.3 percent. The Northeast saw an increase of 4.9 percent, while the South spiked 3.5 percent and the West rose 0.7 percent. Despite the gains, Alex Villacorta, Clear Capital’s director of research and analytics, said weakened consumer confidence and an elevated unemployment rate pose a challenge for home prices heading into the fall and winter months. The report is consistent with other indexes showing an increase in home prices during the summer homebuying season. More here and here.
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