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.
David Leonhardt of the The New York Times published an analysis showing the changes in home prices to income (affordability). The East and West Coast cities have the most volatile affordability metrics. The chart in the article has wonderful scroll-over functionality.
Altos Research is reporting its April 2009 Real-Time Housing Market Update. Of note is18 of 26 markets are showing price increases. Housing supply is still growing at a firm rate.
Teranet is the National Bank House Price Index™ is an independent representation of the rate of change of Canadian single-family home prices. Their February 2009 Newsletter shows a familiar looking chart for home price watchers.
Ira Artman published a study that examines three major index series for US home prices. Download HPI Indices. The analysis examines FFA/OFHEO, S&P/Case-Shiller National and Radar Logic/RPX 25 MSA Composite data.