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Housing Crisis’ Hardest Hit Communities Bouncing Back

1139 Days ago

Pro Teck Valuation Services: Home Value Forecast

WALTHAM, Mass., May 15, 2019 (GLOBE NEWSWIRE) -- This month, Home Value Forecast is reporting the rebound of housing markets that were most affected by the housing bubble burst of 2008, with a focus on Chico, CA.

“Chico is a perfect example of a community rebounding after the dramatic fallout of the housing crisis,” said Tom O’Grady, CEO of Pro Teck Valuation Services. “For four years, approximately one out of every five houses sold was a Real Estate Owned (REO) sale. The good news is that, as of today, that number is down to less than 1%."

As REO sales decrease, the health of the entire market can start to improve. In this month’s report, we look at key performance metrics for Chico, as well as other metros in our Top Ten Hottest Markets.

Click here to read the entire report, including data and graphs that further highlight market trends discussed in this release.

About Home Value Forecast

Home Value Forecast (HVF) is brought to you by Pro Teck Valuation Services. HVF provides insight into the current and future state of the U.S. housing market and delivers 14 market snapshot graphs from the top 30 CBSAs.

Reporters interested in national, regional or metro level housing data tailored to meet story needs, please email your inquiry to mediarequest@protk.com.

Thomas Hoff
Pro Teck Valuation Services

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