National Mortgage Professional.com
Pro Teck Valuation Services’ April Home Value Forecast (HVF) drills down from a macro to a micro level, where there is an evident mix of “hot” and “cool” real estate markets. The two metros highlighted in this month’s update are Phoenix, AZ, and Cleveland, OH.
“Based on the past, current and predicted housing market trends from our Home Value Forecasts, Phoenix’s outlook looks fruitful and faster-moving, while Cleveland’s (although it may be a buyer’s market to some) overall recovery is more complicated and sluggish,” said Tom O’Grady, CEO of Pro Teck Valuation Services. “In Phoenix, demand remains high and market fundamentals are strong. Below six months of remaining housing inventory supports this, as do active listing prices and sale prices, which are respectively up by 27 percent and 15 percent.”
