Decline in home prices to continue to 2011: Clear Capital

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A study released by Clear Capital Thursday reveals home prices continue to correct from winter’s extended declines, edging up on the increase in sales activity that comes with warmer weather.

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Clear Capital has released its monthly Home Data Index (HDI) Market Report, with news of U.S. home price gains of 4.0 percent comparing the most recent rolling quarter to the previous one.

Over the last three months, home prices did decline 1.6% from the previous period. But at the start of 2011, Clear Capital said prices began "showing life." But at the start of 2011, Clear Capital.

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New York AG to sue Wells Fargo and Bank of America New York to sue Bank of America, Wells Fargo over mortgage practices. Bank of America and Wells Fargo are among five banks that agreed to the settlement in February 2012. At the news conference, Schneiderman declined to say whether the other three banks – JPMorgan Chase & Co, Citigroup Inc and Ally Financial Inc – could face similar lawsuits, but said his announcement had "implications" for the other servicers.

After an Ugly 2010, the Housing Market Won’t Look Much Better in 2011. A new report indicates that home prices will probably fall in this year as much as they did last year. and will continue.

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