Clear Capital reported a 4% quarter-over-quarter increase in home prices through the end of August, but the firm is projecting a bumpy future for the fall and winter seasons.

Despite the recent seasonal rise in home prices, year-over-year prices are still down 6.2%. “Although the summer gains appear to signal strong growth in home prices, it's important to keep in mind that these gains are off of the record lows of winter,” said Alex Villacorta, director of research and analytics at Clear Capital. “With summer coming to a close and the price gains clearly starting to level off, the market is at a critical juncture as to whether it can avoid another significant downturn into the slower buying seasons of fall and winter.”

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