Altos

Spring Selling Pushes Housing Strength 

The prices of homes on the market are climbing, as inventory levels are falling, offering hopes of a market on its way to recovery, according to recent housing reports. The prices of properties listed for sale rose in 22 of 26 major markets during April, according to the Real-Time Housing Report, published by Altos Research and Real IQ. The Altos 10-City Composite Price Index increased by 2.2% during April and 3.3% during the most recent three month period, which Stephen Bedikian, partner and research director for Real IQ, contributes largely to the “powerful effect of seasonality.”