Signs of another down year in real estate

Altos Research: 2011 could look a lot like 2009

Sellers in the first quarter of 2010 were starting to feel renewed pressure to lower their asking prices, possibly portending a lackluster housing market this year, according to a webcast by real estate data company Altos Research.

The presentation highlighted emerging trends for the spring 2010 housing market — typically a time of year when home sale activity ramps up.

After falling since April of last year, housing inventory started rising in January and showed no signs of abating at the end of March, clocking in at about 265,000 in Altos’ 10-city composite, which includes: Boston, Chicago, New York, Los Angeles, San Diego, San Francisco, Miami, Las Vegas, Denver and Washington, D.C.