Real Time Home Price Index Shows Housing Price Strength

The spring thaw is upon us! A seasonal uptick in both median prices and inventory has appeared in most metropolitan areas across the country. Price increases are apparent in 24 of the 26 tracked markets, and inventory increases are apparent in 23 of the 26 tracked markets.

Despite this month’s headlines reporting Q1’s home price lows, the Altos Research real-time data shows near-term price strength.

CoreLogic Says Home Prices Down for Last 8 Months

CoreLogic confirms that all indices are showing the same downward trend. The normal spring upsurge is underway – and indications are that this will stop the downward momentum, just as it did 12 months ago. The question is what will happen later this year when the spring surge ends.

Case-Shiller: Photofinish Shows Housing Almost In Double Dip Territory

Econintersect sees a declining home price dynamic in play that may last through 2011, which reflected by the relatively weak seasonal bounce for the spring home buying season. While Case-Shiller home price index is only 0.0072% from its recession low point set in April 2009, all other major indices are already in double dip territory.