|Homeowners hoping to wait out the housing bust of the past few years will find Trulia's newest price forecasting tool quite useful.|
a more current indicator of housing market trends. The monitor will be released at the start of every month, Trulia says. "With all eyes on the lookout for signs of home price increases now that sales and construction are improving, the Trulia Price Monitor is the finger on the pulse of price trends almost in real time," explains Jed Kolko, Trulia's chief economist, in a statement. "Asking prices lead sales prices by two or more months, and sales price indexes have a five-to-eight week lag in reporting. That means the Trulia Price Monitor can detect price movements - such as the 1.4% quarter-over-quarter increase in March - at least three months before the major sales-price indexes do."