Oct
22
The October 2009 National Real Estate Market Report, published by real-time real estate data firm Altos Research, finds asking real estate prices declining in 21 of 26 metro markets. While lagging housing market indicators are just starting to report home price increases from the first half of the year, real-time data shows that by October prices have resumed two months of decline.
Mountain View, CA (PRWEB) October 21, 2009 — While traditional sources for real estate market data are starting to report price increases for the first half of the year, the Altos Research 10-City Composite Price Index has resumed a month-over-month decline. The Altos Composite, which leads traditional housing market data by three to four months, showed seven months of increase in the first half of the year. Home prices as measured by the national real estate market composite decreased by 0.5% during September and 1.1% in the third quarter of 2009. Prices of properties listed for sale fell in 21 of 26 major markets, and rose in just 5 markets according to the Real-Time Housing Market Report, the premier source for real-time statistics on the real estate market.
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