In Massachusetts, Pro Teck Valuation Services introduced Appraisal Desktop with Inspection (ADI), a new hybrid appraisal product for home equity and second mortgage lending.
Read More »Why Are Some Markets Less Impacted by Low Rates?
Pro Teck recently examined the effect of the Federal Reserve's commitment to keep interest rates low on home prices, which have historically increased during such programs.
Read More »Report Examines Effect of Consumer Expectations on Price Recovery
A recently released Home Value Forecast from Pro Teck and Collateral Analytics posits that consumer expectations of price trends can actually keep them going and even add to their momentum. Pro Teck CEO Tom O'Grady says that as home buyers perceive prices are rising or falling, they behave in a way that actually encourages the trend. For example, rising prices "also increase net worth and encourage those buyers who have been sitting on the fence to purchase," increasing turnover rates and reinforcing more price gains.
Read More »Pro Teck: Falling Supply to Create Spike in New Home Prices
The U.S. housing market "has entered a sustainable period of improving conditions," Pro Teck Valuations CEO Tom O'Grady says in the company's most recent Home Value Forecast. Each of the company's forecasts picks a housing trend and studies its influence on the market. This particular update shines a spotlight on months of remaining inventory (MRI) of new homes listed for sale and examines how that statistic affects median single family home price changes.
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