US Housing Reports & Releases: September 2009

September 24, 2009

by Scott Sambucci

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This week’s key housing market data releases:

Prices increased in only 5 of 26 markets and just 4 markets are now showing three months of sequential price increases. Through the first half of 2009, listing prices for single family home rose materially in most of the country. In August, housing prices edged lower in most markets reflecting the beginning of the traditionally slow fall and winter months.

While lagging sources of housing market data are starting to report price increases, The Altos 10-City Composite Index now shows that the season spring buying season, and economic

Back on September 8, the Altos Research Real-Time Housing Market Update reported that:

  • The Altos Research 10-City Composite Index was down by 0.6% in August and up just 0.4% during the most recent three-month period.
  • In August, housing prices edged lower in most markets reflecting the beginning of the traditionally slow fall and winter months.
  • The Altos 10-City Composite Index now shows that the season spring buying season, and economic stimulus have run their course. Prices have declined weekly for 12 weeks.

(Just saying…)

We expect that the S&P/Case-Shiller Home Price Index for July 2009 will be flat or marginally higher based on our leading housing market indicators. The Altos Research 10-City Composite Index, reported in the August 2009 update our our Housing Market Update, was up by 0.9% in July and 2.2% during the most recent three-month period.

Heed caution for August.

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