U.S. House Prices for March 2009 to be Released Tomorrow

Tomorrow, Tuesday, May 12 at 8am EST the IAS360 House Price Index for March 2009 will be released.

Due to the index’s ability to report on house prices across the country in a timely and granular method, it is widely considered to be the best index to watch for signs of a recovery. The IAS360 House Price Index is the timeliest and most granular house price index in the industry, tracking median sales price trends of detached single-family residences. Based upon arms-length transactions, IAS360 tracks 15,000 “neighborhoods” nationwide that roll-up to report median price changes in 360 counties, nine census divisions, four regions, and the nation overall. The IAS360 House Price Index is delivered on the second Tuesday of each month. The report can be found at http://www.iasreo.com/ias360_update.html