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.
From time to time, the PTC Index algorithm may be rebalanced to provide the best possible snapshot of the Treasure Valley real estate market. All materials are copyrighted by Pioneer Title Company and are provided for noncommercial, personal use only.