Forecasting Home Price Recovery: Turnover Rate A Powerful Indicator

Home prices in many areas are already rebounding from the bottom of the market, according to the March HomeValueForecast.com update from Pro Teck Valuation Services.

In its latest report, the company explores the turnover rate, which is the number of non-distressed sales divided by the total housing stock in a particular market. Pro Teck says this calculation is one of the most powerful and, yet, simplest leading indicators of the future direction of home prices.

For complete article: http://www.dsnews.com/articles/forecasting-home-price-recovery-turnover-rate-as-powerful-indicator-2012-03-29