Radar Logic is a technology-driven data and analytics business that produces a daily "spot" price for residential real estate in major U.S. metropolitan areas.
Data are captured from public sources and translated into the Radar Logic Daily™ Prices for 25 U.S. Metropolitan Statistical Areas (MSAs), the Manhattan condo market, and a 25-MSA composite. The prices reflect the actual prices paid for residential real estate on any given day and are computed using proprietary and transparent algorithms. In the future, coverage will expand to capture additional real estate segments and other economic markets.
Radar Logic provides the tools and support needed to power the Residential Property Index™ (RPX™) market.Our prices advance the development and trading of financial derivative instruments based on residential real estate. A vibrant derivatives market permits both real estate industry participants and traditional investors to manage their businesses in sophisticated ways. For a list of dealers licensed to offer products in the RPX market, click here.
Radar Logic published their 2008 Year In Review paper here. The report highlights the increase in "motivated sales" that occurred last year.