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Wednesday, July 30, 2014

The PTC Index for June

With the summer in full swing, the PTC Index inched just slightly to settle at 221 points for the month of June. Overall, most categories showed little change from the month prior and, in some cases, little from the year-ago time period. First, building permits and existing home sales fell from the month prior by 8.4 percent and 4.2 percent, respectively. Refinances also slipped slightly from the month prior, but show some stabilization month-over-month having fallen by only 4/5 of a point. Notices of default also stabilized with no change from the month prior but down by 45 percent from a year ago. Inventories of distressed property (short sales/REOs) dipped by 3.9 percent, while new home sales saw a boost in June with a 20.5 percent increase from the month prior and almost equal to numbers from this time last year. Finally, the average Treasure Valley sales price inched up just a bit to settle at $201,539 - a 5 percent increase from June 2013.


June 2014


Building Permits
261
New Home Sales
206
Existing Home Sales
902
Refinance
724
Average Sales Price
201539.5
Financial-Bond Market(10-yr Treasury)
2.6
Days on Market
53
Distressed(Short Sales and REO)
956
Notices of Default
112
PTC Index
221




From Pioneer Title Company

To create the PTC Index, we gather data for nine key real estate variables and process them through our weighted algorithm to generate a single number reflective of the Treasure Valley real estate market.

The base data for the PTC Index is culled from various private sources as well as the public domain on a monthly basis.

These nine variables include building permits, new home sales, existing home sales refinances, average home sales price, the 10-year Treasury yield, days on market, distressed (short sales and Real Estate Owned) and notices of default. In simplified terms, the negative data from these sources is subtracted from the positive data to create the PTC Index. But before this happens, the data is weighted using a proprietary computation, resulting in a more accurate reflection of the real estate market.

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