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.
January 2014
| Building Permits | 218 |
| New Home Sales | 133 |
| Existing Home Sales | 468 |
| Refinance | 679 |
| Average Sales Price | 194017.5 |
| Financial-Bond Market(10-yr Treasury) | 2.86 |
| Days on Market | 73 |
| Distressed(Short Sales and REO) | 1102 |
| Notices of Default | 192 |
| PTC Index | 130 |
As January 2014 came to a close, many characteristics of the PTC Index show sharp declines in several key areas and increases in others that weren’t necessarily ideal. As expecting, January was a plodding month for real estate as consumers put the holiday months behind them while, perhaps, beginning to devise financial plans for 2014 before making a major purchases – like a home – in the busier spring months. For the second consecutive month, Notices of Default increased by 10 percent from the month prior, down 16.5 percent from a year ago. Distressed inventory dropped with a year-ago decline of nearly 45 percent - the highest in the last 14 months. New home sales,and existing home sales also fell significantly in January by 24 percent and 23 percent, respectively. Conversely, these categories have increased from the year-ago time period by 42 percent and 10 percent, respectively. Building permits inched up after two months of decline by 9 percent, up slight from a year ago. Refinances declined from the month prior by 16 percent and down by two-thirds from a year. There are many scenarios that could occur with refinance activity in the coming months with as new Treasury Chair Janet Yellen ‘seeks to forge a consensus on a new strategy for communicating the Federal Reserve’s intention to keep rates low.*’ * Zumbrun, Joshua, and Craig Torres. "Yellen Seeking New Low-Rate Guidance Can Use Forecasts." Bloomberg.com. Bloomberg, 24 Feb. 2014. Web. 25 Feb. 2014
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