PRO TECK Valuation Services

Real Estate Inventory Trends and Price: Home Value Forecast Monthly Market Update

PROTECKeditor — Mon, 14 May 2012 18:00:33 +0000

The nationwide number of homes currently listed for sale is down approximately 21 percent from a year ago. This is one of the most important residential real estate developments in the past year and has a direct impact on price in many markets. Figure 1 shows the percent change for a number of important markets: Figure 1 – Listings % Change From Last Year It is noteworthy thatLearn More

National Housing Market Trends: Reality Distortion in the Most Widely Publicized Indices. A New Method for Better Results

PROTECKeditor — Wed, 11 Apr 2012 18:00:58 +0000

Everyone wants to know what their home or investment is worth and where the market is heading. In some cases, the estimate of value and price trends influences the decision to invest in or walk away from a home. For research on home price trends, the typical household has primarily the media reports from four widely publicized indices: The S&P/Case-Shiller Home Price Index The FHFA House Price IndexLearn More

March 2012 Update: Turnover Rate – A Powerful Leading Indicator of Home Price Trends

PROTECKeditor — Thu, 29 Mar 2012 09:44:48 +0000

One of the most powerful and, yet, simplest leading indicator of the future direction of home price is sales activity. Our previous research has found that the leads can be anywhere from 6 to 18 months. The actual series which we use in our home price forecasting models is the Turnover Rate, which is the number of sales divided by the total housing stock. The significant increase inLearn More

Most Real Estate Markets Showing Positive Trends Despite Top U.S. CBSAs Still in Weak or Soft Status

PROTECKeditor — Wed, 22 Feb 2012 17:05:09 +0000

February’s HomeValueForecast.com highlights enhanced scoring system to define and rank real estate market conditions on CBSA, zip code, and neighborhood level. WALTHAM, MA – Pro Teck Valuation Services’ February HomeValueForecast.com shows the majority of U.S. Core Based Statistical Areas (CBSAs) demonstrating more positive than negative market trends despite weak or soft status for top U.S. CSBAs. This month’s analysis includes an enhanced scoring system ranking housing market conditionsLearn More

Lessons from the Data: Ranking Relative Housing Markets

PROTECKeditor — Tue, 21 Feb 2012 16:33:22 +0000

Recently, HomeValueForecast.com has been sifting through housing data to rank housing market trends at the macro and micro level. We have developed an overall market condition scale to rank individual markets as: Hot Strong Good Normal Soft Weak Distressed We use a variety of scoring indicators including price trends, inventory trends, foreclosure trends and more to provide a score that reflects both current conditions and the trend inLearn More

HomeValueForecast: Most Real Estate Markets Trending Positive Despite Top U.S. CBSAs Still In Weak or Soft Status

PROTECKeditor — Tue, 21 Feb 2012 16:26:37 +0000

In this month’s HomeValueForecast.com “Lessons from the Data,” we discuss results from an enhanced scoring system we have created to define and rank the market conditions of individual real estate markets on a CBSA, zip code, and even neighborhood level. This ranking system is based on the same market indicators used in the standard “1004 Appraisal and Market Conditions Addendum,” including: Number of Sales Number of Active ListingsLearn More

Distressed Real Estate Inventory; The Drain is Still Clogged

PROTECKeditor — Mon, 30 Jan 2012 14:22:28 +0000

January’s HomeValueForecast.com highlights new metric for understanding distressed real estate inventory including contrasting examples from Southern California and downstate New York; top and bottom performing CBSAs are revealed with a deep dive into Tucson, AZ Pro Teck Valuation Service’s HomeValueForecast.com explores variations from one state to another in the distressed real estate inventory and how this affects the path to recovery and the “new normal” for the housing market.Learn More

Welcome to the New proteckservices.com

PROTECKeditor — Mon, 23 Jan 2012 16:15:35 +0000

Welcome to Pro Teck’s new website! We have made changes to the look, feel and content of our site to better reflect our full complement of products and services. Pro Teck also would like to unveil its new URL – www.proteckservices.com. You can continue to use www.protk.com, just be aware that www.proteckservices.com will show in your address bar. Thank you for being a client, vendor or prospect –Learn More

Pro Teck Exhibits at ASF 2012

PROTECKeditor — Mon, 23 Jan 2012 15:33:10 +0000

Pro Teck Valuation Services exhibited at the American Securitization Forum’s 2012 Convention held at the ARIA Hotel in Las Vegas, NV January 22-25, 2012. ASF 2012 is the largest capital markets conference in the world. Pro Teck was there to showcase its suite of real estate valuation products and services specifically designed to meet the needs of the securitization industry. Thank you to all who visited with us!Learn More

Supply, Demand and Home Prices, HVF.com Monthly Market Update – December 2011

PROTECKeditor — Thu, 22 Dec 2011 08:15:19 +0000

It has become apparent to many observers that home prices in much of the country have bottomed out. In fact, most markets hit their low in early 2009. At the same time there is almost universal consensus that it will be many years before there is any significant increase in prices. While we agree that home prices will only exhibit moderate increases over the next several years, weLearn More