PTC Index

Nine variables. One number.

The PTC Index utilizes a proprietary algorithm that weighs nine key real estate variables. These variables, though widely available, have not been easily collected in a single location. The PTC Index changes that.

This months PTC Index details are below. Previous months can be viewed by selecting a date from the drop down menu below.

These numbers are for Ada and Canyon County.

Overview

As we anticipated, the expiration of the Federal Tax Credit program for first-time home buyers brought a dip to July home sales. Additionally, recent unemployment figures and prudent lending conditions forecast moderate sales increases in the coming months. Notices of Default filings inched up in July, but are relatively low compared to this time last year and increases in property values will be slow with current distressed and bank-owned property inventory. The positive news is that with the Federal Reserve's decision to purchase government debt, we see virtual assurances that interest rates will remain at 60-year lows and could possibly continue to decrease. This, coupled with today's appealing home prices, will undoubtedly drive new buyers into our Treasure Valley market.

July 2010

Building Permits 128
New Home Sales 70
Existing Home Sales 544
Refinance 514
Average Sales Price 148420
Financial-Bond Market (10-yr Treasury) 3.01
Days on Market 86.5
Distressed (Short Sales and REO) 4419
Notices of Default 700
PTC Index 43

Pioneer Title Company offer no guarantees, express or implied, with regard to this data. Though gathered from various sources and calculated in good faith, neither the PTC Index or the underlying data should be used as a substitute for legal, real estate or other professional advice. The PTC Index algorithm, data collection method and other functions are subject to change at any time.