(TheMReport.com) – If growth in housing prices continue to rise as in 2016, nearly 40 percent of homeowners who purchased a home during the height of the housing bubble could be safely above water by the end of 2017, as stated in the latest Clear Capital Home Data Index (HDI) Market Report.
“National price growth is predicted to moderate in 2017 with annual growth projections in the 2 to 3 percent range,” the report said. “The number of homes reaching all-time high prices continues to grow, even as some markets have decreasing prices.”
One West coast city reported negative numbers for the second consecutive month. The San Jose metro area is once again reporting negative quarterly prices this month since initially turning downward in December 2016. In January, prices in this formerly booming housing market have fallen 0.3 percent during the last quarter.