Radar Logic Begins RPX Monthy Housing Report

NEW YORK CITY-Radar Logic Inc., the data and analytics company that enables derivatives trading in the RPX market based on daily prices for residential real estate, published the first of its RPX Monthly Housing Market Reports. This is the first product to be offered as a result of Radar Logic’s pending acquisition of Miller Samuel Inc., a residential real estate appraisal firm.

The report, authored by Radar Logic EVP and director of research Jonathan Miller, provides data analysis and commentary based on the RPX Daily Prices for the 28 days ending July 31, 2007. The report highlights that five of the 24 metropolitan areas analyzed showed gains from the same period last year, five were neutral and 14 showed declines. This is the opposite pattern of the prior year, which showed gains in 18 metro areas, two markets were neutral, and five markets showed declines.