A missive from the Radar Logic data firm the other day gave me some information that surprised me and may surprise you as well.
The firm, which tracks home prices in 25 major metropolitan areas, says its RPX Composite Price index grew by 56 percent from January 2000 to July 2011. “This compares quite favorably to the major stock market indices,” Radar Logic declared.
Over the same period, it reports, the Dow Jones Industrial Average Continue reading
VOWs prove useful to buyers searching for new homes
Brokerage firms are getting into the digital game themselves, creating a “virtual office Web site” or VOW.
These are sites operated by brokers that enable clients to search for most of the available properties in a particular market, not just the firm’s exclusive listings, according to the New York Times.
While brokers have mixed feelings about whether these sites are worth the investment, the emergence of the VOW is yet another sign that once tightly guarded listing information has finally been set free in New York.
Dollar value of citywide sales climbs from Q1 to Q2 as seasons change, but sales activity slips 4 percent below one year earlier
Here’s your chance to catch up with news included to inform, enlighten and perhaps even entertain you. To read about The Big Apple, check out the other of today’s posts and look for Out and About on Tuesday. And have a very happy Independence Day!