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Real estate outlook positive for 2012

The housing market is expected to show improvements in 2012.

The housing market is expected to show improvements in 2012.

Clear Capital, one of the leading providers of data and solutions in real estate, recently released its Home Data Index Market Report, showing a positive outlook on the housing market in 2012, which might give Americans encouragement to start searching for moving rates.

The report also showed that home prices in the United States were down in 2011, but the positive numbers expected in 2012 will be the first positive numbers since 2006. There was a 2.1 percent year-over-year decline national price change in 2011, but the market is expected to make a slight 0.2 percent gain in 2012.

Despite the expected uptick in the housing market, the real estate industry continues unusually to experience low numbers that haven't been seen since 2001.

“Overall, 2011 was a relatively quiet year for U.S. home prices compared to the last five years,” said Dr. Alex Villacorta, director of research and analytics at Clear Capital. “With national prices down a little more than 2 percent for the year and sitting at their lowest point since 2001, our projections show that the current balance the market has found will continue through 2012."

Many Americans have delayed plans of relocating because of the stagnant economy, but may soon begin seeing improvements that might provide them with the finances needed to afford relocation cost.