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Home | Tag Archives: Pro Teck

Tag Archives: Pro Teck

Pro Teck Unveils Appraisal Desktop with Inspection

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.

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ProTek Explains Why Certain Markets Are Unresponsive to Low Rates

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.""

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Report: Why High-Priced Homes Are Leaders in the Recovery

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.

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