Providing insights into the current U.S. housing market and commentary on future trends.
May 21, 2013
The primary theme of the 2013 residential real estate market has been very tight conditions due to the lack of available inventory for sale. This is quite ironic when considering that a year ago, many housing market analysts were predicting that the huge supply of REO and so-called “shadow inventory” properties would keep the real estate market depressed for many years. This shortage of inventory has led to…
Read MoreMay 9, 2013
Video Transcript Hello this is Tom O’Grady, Chief Executive Officers of Pro Teck Valuation Services, and I’m here to talk to you about our Home Value Forecast April 2013 update. In our April update we discuss how distressed property investors continue to drive the increase in home prices, and we look at common traits in historical real estate cycles that indicate we are in the early stages of…
Read MoreApril 16, 2013
The overall perception of the U.S. real estate market is almost 180 degrees different from a year ago when most analysts were focused on the size of the foreclosure inventory and how much further housing prices would decline. Now, there is a positive report almost daily on how home prices have increased and how strong sales activity has led to very tight market conditions. Our prediction from a…
Read MoreApril 13, 2013
Short sales of properties not in foreclosure accounted for an estimated 22 percent of all U.S. residential sales in 2012 and increased 4 percent from 2011. Non-foreclosure short sales accelerated toward the end of the year, with the fourth quarter total the highest quarterly total of the year and up 17 percent from the fourth quarter of 2011. At the same time, sales of properties in some stage…
Read MoreMarch 20, 2013
James R. Follain, Ph.D., Norman Miller, Ph.D., and Michael Sklarz, Ph.D. Contributing Editors to Home Value Forecast [1] “It is very likely that the top tiers of the owner occupied housing market are the ones benefiting the most from lower mortgage rates as this group has been less affected by credit score downgrades or more restrictive underwriting.” Historically when interest rates decline significantly as they have in the U.S. over the last four…
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