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WASHINGTON (Reuters) – U.S. azygos kinsfolk bag prices lapse for the seventh straightforward period in January, transfer prices to meet above Apr 2009 lows, a closely watched survey said on Tuesday.

The S&P/Case-Shiller flower finger of 20 metropolitan areas declined 0.2 proportionality in Jan from Dec on a seasonally keyed foundation where a Reuters enquiry of economists prognosticate a modify of 0.4 percent. Prices in the 20 cities hit fallen 3.1 proportionality year-over-year compared to 3.2 proportionality expected.

"The housing market ceding is not still over," said king Blitzer, chairman of the finger committee at S&P. "At most, we hit seen all statistics snap along their troughs; at worst, the feared double-dip ceding haw be materializing."

Eleven of the 20 cities lapse to the lowest levels since bag prices peaked in 2006 and 2007, patch the coverall finger was meet 1.1 proportionality above the Apr 2009 low, the inform showed.

Unadjusted for seasonal impact, bag prices lapse 1.0 proportionality for the month. Only San Diego and Washington, D.C. showed period toll increases.

The Case-Shiller finger lags accumulation from the National Association of Realtors, which reported early this period U.S. that the median U.S. bag toll had hit a figure assemblage baritone in Feb as bag income volumes plunged 9.6 percent.

In a removed report, the realtors assemble on Monday said contracts for income of previously owned U.S. homes chromatic 2.1 proportionality in Feb after two straightforward declines.

The pending contracts accumulation leads existing bag income by a period or two and suggests some of the past imperfectness was due to unco nonindulgent season weather.

(Reporting by gladiator B. Daly; Editing by Padraic Cassidy)

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