Where Do You Go To Find Unbiased Data Regarding The Direction That Real Estate Prices Are Heading?

I would contact your local Real Estate Board or Association. They’ll have all the statistical data you’re looking for.

Every area is different.
In So. CA, the market hit it’s top in the summer of ’05 and is still going down! Many neighborhoods are already down 15%+! Consider that the average sales price in San Diego is appx. $570,000 and you get an average LOSS in value of $85,500 in just about 18Mos!!
The BIG question is will the dropping real estate markets in CA , Vegas, Boston Wash D.C. Fla, N.J., etc. spread to most of the US?
For a real ‘insiders’ view on this, I would suggest a real eye opener read at:http://www.brokerforyou.com/brokerforyouhttp://www.brokerforyou.comhttp://legal-advice-library.info/bloghttp://www.las-vegas-nevada-lawyer-attor…http://www.medical-research-study-direct…http://www.web-site-award-winning.com/ad…http://www.bail-bond-jail-directory.infohttp://www.lasik-surgery-san-diego.info/http://www.san-diego-lawyer-attorney-per…http://www.las-vegas-nevada-lawyer-attor…http://legal-advice-library.info/bloghttp://www.san-francisco-oakland-bay-are…http://www.san-jose-ca-lawyers-attorneys…http://www.sacramento-ca-lawyers-attorne…http://www.la-orange-county-lawyers-atto…http://www.legal-advice-library.info/blo…http://www.las-vegas-nevada-lawyer-attor…http://www.austin-texas-lawyers-attorney…http://www.san-antonio-texas-lawyers-att…http://www.san-diego-lawyer-attorney-per…http://www.bail-bond-jail-directory.info

What do you mean by unbiased?
Data by itself can have no bias. How you decide to view the data is the issue.
If you deal with raw data then there will be no bias other than the data represented certain things. What was counted, when and how it was counted, etc.
There is no exact way to predict the future of prices. Otherwise there would be no risk and everyone would already know.
The best data revolves around the sale data. What has sold in the past and why. Not what is on the market but what has actually sold.
That said a community can suffer from plant closures or other things that cause a market that historically gone up to take a long term dive. Look at Detroit or a city that used to be a major steel manufacturing center.
You therefore need more than just data on the real estate market. How you weigh the factors and what the trends really say is more difficult.

Try following interest rates. The real estate prices tend to inversely trail what interest rates do.

Data and numbers and they all can be spine to try to point to one way or another.
The one thing that has been over looked is the process it self of buying and selling real estate. and is ti honest? That will give you a footing on how to read what you do get. I do not think the market is honest and i see how they spine many of the numbers. check out the web site on how believe they have spin the market to out right fraud and thus made a bubble.http://www.breakingbubble.com/index.htm

I have found allot of regional price data and related articles on real estate at cnn.com/money

You could get some background price data at http://www.nethouseprices.com
This site lists (for free) how much a particular house was sold for, the last time it was sold. You could then compare that against similar houses on the market now.
It doesn’t predict the future, however…