HOUSING DERIVATIVES

Radar Logic April 2009 Housing Report - Green Shoots?

Radar Logic has published their April 2009 Housing Report.  The price and transaction count data show improvements in the US housing market.

Altos Research June 2009 US Housing Report

Altos Research has published its June 2009 Real-Time Housing Report.  Of note:

• The Altos Research 10-City Composite Index rose 2.6% in May and 4.8% during the most recent three month period.

• Prices increased in 23 of 26 markets with 22 markets showing three months of sequential price increases.
• The Altos 10-City Composite continues to highlight a shift in properties available on the market. The market has experienced some turnover at the low-end (two years after the first sub-prime collapse) while new properties on the market are shifting to the higher-end.
• Across the 10-City Composite Index markets inventory fell by 0.2% during May and 1.7% over the most recent three month period.