Clear Capital home prices end up 4.1% lower in 2010, more declines ahead

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 · The pace of price declines were even larger in the capital cities with median values falling 0.9% from October in weighted terms, extending the drop over the past 12 months to 5.3%.

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NEW YORK (CNNMoney) — Home prices took a big hit at the end of 2010, even as the rest of the economy gained. The only gains were posted by Washington, which was up 4.1%, and San Diego, which saw.

Home prices end up 4.1% lower in 2010, more declines ahead U.S. home prices were turbulent through 2010 ending up 4.1% lower than the year before, according to analytics firm Clear Capital. And prices are expected to fall another 3.6% over 2011.

"After watching home prices plummet the past three years, it is encouraging to see the year close with minimal price declines," said Kevin Marshall, Clear Capital President. "The stronger positive gains we saw this summer have softened into the fall and early winter, but it’s good to see that they’ve remained in positive territory.

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