The U.S. Department of Housing and Urban Development to Use Radar Logic as a Source for Median Home Prices
Median home prices will be the basis for higher conforming loan limits as part of the Economic Stimulus Act of 2008
NEW YORK, NY – March 6, 2008 – The Secretary of Housing and Urban Development (HUD) today released the new median home price guidelines for use in establishing conforming loan limits as part of the Economic Stimulus Act.
Radar Logic Incorporated, the real estate data and analytics company that enables derivatives trading in the RPX™ market, provided data and analytic support to HUD in calculating median home prices in counties across the U.S.
“Radar Logic is delighted to serve as one of HUD’s partners in this important initiative,” said Michael Feder, President and CEO of Radar Logic.
For more information regarding the U.S. Department of Housing and Urban Development’s methodology and new list of median home prices, please refer to www.fha.gov.
About Radar Logic
Radar Logic Incorporated, a real estate data and analytics company, calculates and publishes the Radar Logic Daily™ Prices. The prices track housing values for major U.S. metropolitan areas and are the basis of the Residential Property Index™ (RPX™), a market that enables real estate to be traded as a liquid asset, via property derivatives marketed by major financial institutions. RPX allows real estate and financial professionals to manage opportunity and risk, invest in real estate values without owning physical assets and effectively analyze markets using a consistent metric: price per square foot.
For more information on Radar Logic and the RPX, including licensed dealers, please visit www.radarlogic.com.
