Home prices fell 4.1% in 2010, Clear Capital says

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Home prices fell 4.1% in 2010, Clear Capital says by Steve Goldstein

WASHINGTON (MarketWatch) -- Clear Capital said its home data index fell 4.1% in 2010, with price falls in 70% of major markets. In 2011, Clear Capital expects a drop of 3.7%. "Some housing markets are well on their way to recovery, while others are experiencing a renewed downturn reminiscent of the housing crash only two years ago," said Alex Villacorta, senior statistician. "Understanding which path a given market is likely to follow is dependent on several key factors, but the two clear drivers are local unemployment rates and the prevalence of distressed homes."

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