Radar Logic seems to see the bottom, but coyly

Home prices increased in June from the previous month in 23 out of the 25 metropolitan statistical areas (MSAs) tracked by the Radar Logic real estate data and analytics company, which released its results today.

Its 25-MSA Real Property Index (RPX) increased 3% on a month-over-month basis, one of the largest gains during the month of June since 2000.  Price gains accelerated in June in contrast to the historical pattern.

The increase in the 25-MSA Composite from February to June outpaced the gains over the same period during the previous three years, and the increase from April to June was the largest of any year since the beginning of Radar Logic’s data in 2000. Continue reading

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The impossible happens for two lucky buyers

Was it only Aug. 4 that I first started showing apartments to a lovely couple who was referred to me by my former manager in Washington?  They will be in the Far East for two months starting in a couple of days.

The couple found an expansive apartment facing the Hudson River here.

The couple found an expansive apartment facing the Hudson River here.

In a miraculous turn of events, they found the apartment they wanted on our second day of looking, Aug. 5, and were approved by the board of their new co-op on Aug. 19.  Continue reading