Some Positive Signs Visible in the Real Estate Market

RISMEDIA, March 11, 2008-Bright spots appear within the negative outlook, according to the RPX Monthly Housing Market Report released by Radar Logic Incorporated.

“Despite the continued flow of bad news from the housing markets, several of the cities tracked by RPX are sending positive signals,” said Michael Feder, chief executive officer of Radar Logic Incorporated.

Key Points of the December 2007 RPX Housing Market Report include:

– For December 2007, of the 25 Metropolitan Statistical Areas examined, four residential markets showed price increases.

– Transaction volumes have been a leading indicator for price declines in most cities. Boston, Cleveland, Detroit, Sacramento and San Diego are experiencing a recent increase in volume after a period of price declines.

– The Economic Stimulus Act of 2008 is now law. Cities with higher price points may see increases in the liquidity of the residential mortgage market as a result, possibly sparking an end to the slide in housing
prices.

For more information visit http://www.radarlogic.com/research/RPXMonthlyHousingMarketReportforDecember2007.pdf

The RPX Monthly Housing Market Report is produced by Radar Logic Incorporated, a New York-based real estate data and analytics company. These reports are published 63 days after the last transaction date of every month, providing insight and detailed analysis of Radar Logic’s 25 Metropolitan Statistical Areas (MSAs) across the United States. This study is based on the premise that there is not a national housing market; rather, each of the MSAs, while having economic influences in common like credit and mortgage rates, is influenced primarily by local conditions.