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Nation's Housing Prices Finally Turn UpwardsThird Quarter 2009 Most Overvalued, Most Undervalued of the 330 Largest U.S. Metro Areas Examined The updated quarterly study House Prices in America, using IHS Global Insight's extensive proprietary databases on the housing market, which includes data and forecasts for home prices, home sales, housing stock, and household income, examines current and expected housing prices and valuation in the 330 largest U.S. metropolitan areas. Study findings for the third quarter of 2009 show that house prices in the U.S. ended a two-year decline, and edged up slightly over the second quarter. The rate of decline has decreased among metro areas as the market has begun to stabilize. Yet it is not certain that the housing market is on a recovery path. Economic conditions remain dire and significant headwinds exist in stubbornly high unemployment rates. For the first time since 2005, no metro areas were extremely overvalued. For the nation as a whole, the housing market is now slightly undervalued. Free Offerings: Full Study: House Prices in America—Q3 2009  Full Data Set—Q3 2009 (Registration Required) Press Release—Q3 2009 More Details: U.S. Regional Real Estate Service For more information contact: James Diffley Group Managing Director, IHS Global Insight Regional Services +1 610.490.2642 james.diffley@ihsglobalinsight.com Jeannine Cataldi Senior Economist, Manager of IHS Global Insight Real Estate Service +1 610.490.2650 jeannine.cataldi@ihsglobalinsight.com |
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