RPX Corporation

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Radar Logic Sees ‘General Recovery’ with Price Gains

Jul 23, 2009By

House prices in major local markets posted monthly gains stronger than seasonally expected. “The larger-than-average increase in home prices from April to May 2009 could indicate that seasonal price fluctuations do not fully account for the strength we are seeing in many areas and that seasonal gains are being augmented by a more general recovery in the housing market,” Radar Logic says in its RPX monthly housing market report. Of 25 major metropolitan statistical areas (MSAs) tracked by Radar Logic, 22 — or 88% — posted month-over-month price gains in May.