Tag Archives: Pro Teck

Favorable real estate trends previously experienced out West have now begun to head East as shown in this month's Pro Teck Valuation Services Home Value Forecast.

For core-based statistical areas, the west coast usually holds the top 10 spots in the Pro Teck Home Value Forecast, but this month the Durham-Chapel Hill, NC CBSA has been added.

In theory, lower oil prices should be positive for the economy. Does it trickle down to the housing market?

The best U.S. cities for watching home price inflation appear to be concentrated along the West Coast. In what markets are prices at an all-time high?

The indicators used in the rankings include sales/listing activity and prices, months of remaining inventory, days on market, sold-to-list price ratio, and foreclosure percentage and REO activity.

Market trends across the United States indicate a recovering real estate market—but not a bubble—according to the latest Home Value Forecast fromPro Teck Valuation Services.

Pro Teck Valuation Services released on Tuesday January's Home Value Forecast (HVF), a measure of single family residential markets. The company ranked Long Island as the strongest market in the nation, citing its small share of foreclosures as total sales and its comparatively low housing inventory.

Pro Teck Valuation Services introduced Appraisal Desktop with Inspection (ADI), a new hybrid appraisal product for home equity and second mortgage lending. As a USPAP-compliant desktop appraisal platform, ADI was designed to fill the gap between an automated valuation model with property condition report and a field appraisal.

While the trend of low mortgage rates seen in the last year has stirred up housing activity and helped the market, Pro Teck Valuation Services posits a major question in its latest Home Value Forecast (HVF): Why have home prices in some markets been less responsive to low rates? The writers of the report named three dominant reasons. First, they note that credit scores for many households took a hit during and after the crisis as a result of loan modifications, foreclosures, and job losses, ""and the breadth of the impact has been sufficient to affect millions of households who now much become or are already renters.""

Historically, higher-priced homes are a leading indicator of the real estate market and tend to lead the market during times of recovery, according to the Home Value Forecast (HVF) report jointly released by Pro Teck Valuation Services and Collateral Analytics. The companies assessed price changes in the Bay Area and around Los Angeles and found the high-end markets showed stronger price growth compared to lower-priced areas. The HVF report also included a list of the 10 best and worst performing metros for February based on factors such as sales/listing activity and prices, months of remaining inventory (MRI), days on market (DOM), sold-to-list price ratio, and foreclosure and REO activity.