NEW YORK CITY-Radar Logic Inc., the data and analytics companythat enables derivatives trading in the RPX market based on dailyprices for residential real estate, published the first of its RPXMonthly Housing Market Reports. This is the first product to beoffered as a result of Radar Logic's pending acquisition of MillerSamuel Inc., a residential real estate appraisal firm.
The report, authored by Radar Logic EVP and director of researchJonathan Miller, provides data analysis and commentary based on theRPX Daily Prices for the 28 days ending July 31, 2007. The reporthighlights that five of the 24 metropolitan areas analyzed showedgains from the same period last year, five were neutral and 14showed declines. This is the opposite pattern of the prior year,which showed gains in 18 metro areas, two markets were neutral, andfive markets showed declines.
The five most expensive metro areas were located along the Eastand West coasts, with the four highest areas located in California.San Jose, CA was the highest priced metropolitan area at $465.40per sf, while Cleveland was the least expensive at $96.91 persf.
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