More Sunroom Customers Over Past Six Months Choose To Match Roofing of Home, Says President of Venetian Builders, Inc., Citing Better Economy, Low Interest Rates


MIAMI, FL (PRWEB) February 22, 2013

More people who expand their homes with aluminum sunroom additions have been choosing to match roof materials to those on the original home, said Christopher Noe, president of Venetian Builders, Inc., Miami, commenting on a trend hes seen develop over the past six months.

Sunrooms can stand safely and weather tight with just their insulated roofing panels, Noe said. Many homeowners go that route simply because its the most affordable way to get all-season square footage. But increasingly, especially over the past half-year, buyers of sunroom installations are asking us to match the roofing on their home.

The advantage of matched roofing is purely aesthetic, Noe said.

Go to a gallery of quality sunrooms and youll see that if a roofline is continued over the sunroom, matching roof materials makes the end result appear as one unit, not an addition, Noe said. If the roofline is separate, matching the clay tiles or other roofing materials still makes the sunroom look like it belongs.

What Noe expects to see is a decision by more patio room customers, not just sunroom buyers, to match roofing materials.

The buyer of, say, a Miramar patio enclosure typically has a lower budget than the buyer of a Boca Raton sunroom, Noe said. But with the advances in insulated all-weather patio enclosures, homeowners are discovering that adding enclosed patio room living space is affordable, and they have money left in their budget for roof matching.

Citing reports from census.gov, Noe notes that Americans moved more in 2012 than in 2011, but still at historically low rates. The longer stays are combining with improving real estate markets to increase equity.

To get the space they need, homeowners are adding on, Noe said. Its cheaper than buying a bigger house and paying closing costs and moving charges.

The time from permitting to occupancy on an aluminum-frame addition is shorter than for traditional construction methods, Noe said, adding convenience.

Low interest rates make additions more affordable, he said. Bankrate.com recently reported the average rate for a home-equity line of credit was 5.03 percent.

Go to an online loan payment calculator such as ihsloans.com and youll see that a $ 25,000 loan would cost just over $ 265 a month with a 10-year payoff, Noe said. Thats doable for many homeowners who have been in their homes a while and built up equity.

Venetian Builders installs sunrooms, patio enclosures and strong but elegant screen pool enclosures in West Palm Beach, Weston, Wellington, Davie, Miramar, Fort Lauderdale, Deerfield Beach, Boca Raton, Miami, Homestead and all communities nearby. Venetian Builders estimates are free, detailed and written.

For more information, call Venetian Builders, Inc., 866-596-2427.







Number of Homes Listed For Sale Down 21% Nationally; Remaining Housing Inventory Averages 6.3 Months Lowest Level Since 2006


Waltham, MA (PRWEB) May 15, 2012

Pro Teck Valuation Services May HomeValueForecast.com Update explores important housing indicators, such as the number of home sales and months of remaining inventory (MRI) and their impact on home prices nationwide and in select markets. Mays HomeValueForecast.com demonstrates that many metro areas hardest hit by price declines may be recovering due to increasing home sales and reduced inventories of homes. Also, the U.S. housing market is stabilizing according to leading MRI indicators.

One of the most important developments in the past year for the residential real estate market has been the significant decline in the inventory of homes for sale. Nationally, the number of homes currently listed are down 21 percent from a year ago, said Tom OGrady, president and CEO of Pro Teck Valuation Services. This months HomeValueForecast.com shows that for a number of widely followed markets, the declines in housing stock are even greater. Its noteworthy that Phoenix, Miami, Atlanta, Orlando, and Riverside-San Bernardino, some of the hardest hit metros with regard to price declines since the market peak in 2006, are topping the list.

HomeValueForecast.com also found that various levels of MRI correspond to market condition terms. For example, with inventories between 0-5 months, a Strong market is determined, whereas metro areas with inventories on the market from 16-20 months would still be considered Weak.

OGrady also reported that nationally, the MRI is 6.3 months and is the lowest level since 2006. This indicates that the overall U.S. market is stabilizing according to the monthly update. Also, the months of housing inventory remaining nationally was at or below the 5 month threshold throughout the 2002 to 2005 period when nationwide home prices where experiencing their largest gains, he said.

In addition, this months HomeValueForecast.com included a listing of the 10 best and 10 worst performing metros as ranked by our market condition ranking model. The rankings are run for the single family home markets in the top 200 CBSAs on a monthly basis to highlight the best and worst metros with regard to a number of leading real estate market indicators, including: number of active listings, average listing price, number of sales, average active market time, average sold price, number of foreclosure sales, and number of new listings.

In May, contrary to other housing reports, the Rust Belt states including Michigan and Illinois are seeing positive trends due to significant declines in active listing counts over the past year, said Michael Sklarz, Principal of Collateral Analytics and contributing author to HomeValueForecast.com. This has led to most of these markets having balanced or tight markets based on their Months of Remaining Inventory values.

Mays top CBSAs include:

Boise City, Nampa, ID
Dallas-Plano-Irving, TX
Warren-Troy-Farmington Hills, MI
West Palm Beach-Boca Rotan-Boynton Beach, FL
Detroit-Livonia-Dearborn, MI
Peoria, IL
San Jose-Sunnyvale-Santa Clara, CA
Salt Lake City, UT
Cape Coral-Ft. Myers, FL
Fayetteville-Springdale-Rogers, AR-MO

On the flip side, a high percentage of the bottom-ranked metros are located in the Northeast. All of these locations have double digit Months of Remaining Inventory, added Sklarz. Also, prices in these metros have held up much better since the market peak in 2005-2006 compared to the current top ranked markets. We believe that the relative rankings in the bottom ranked metros are not offering the same bargains in terms of compelling prices and high rental yields as the top ranked ones.

The bottom CBSAs for May were:

Winston-Salem, NC
Virginia Beach-Norfolk-Newport News, VA-NC
New York-White Plains-Wayne, NY-NJ
Norwich-New London, CT
Hartford-West Hartford-East Hartford, CT
Newark-Union, NJ-PA
Duluth, MN-WI
Nassau-Suffolk, NY
Poughkeepsie-Newburgh-Middletown, NY
New Haven-Milford, CT

Highlighting HomeValueForecast.coms belief that all real estate trends are local, Mays analysis also shows that the West Palm Beach-Boca Raton-Boynton Beach, FL CBSA, which is currently in the list of the Top 10 metros is no exception to have experience significant price declines since the market peak in 2005-2006. According to HomeValueForecast.com, the price peak in this metro occurred in the 4th quarter of 2005 and prices have since declined 52 percent.

Like any market, bargain prices will bring out buyers this is clearly happening in the West Palm Beach CBSA, added Sklarz. Nearly all of the important market indicators are showing positive trends on a year-over-year basis including declining inventory, declining market times and less distressed sales activity to name a few.

HomeValueForecast.coms unique micro market data provides timely and comprehensive information on sales, listings, and off-market activity for 90 percent of the U.S. housing stock. This data enables Pro Teck to provide home price indexing, forecasting, and market analytics from a national, regional and ZIP/neighborhood level. For the full monthly update, check out http://www.HomeValueForecast.com.

Reporters who are interested in national, regional or metro level housing data tailored to meet story needs, please email your inquiry to mediarequest(at)protk(dot)com

About HomeValueForecast.com

HomeValueForecast.com was created from a strategic partnership between Pro Teck Valuation Services and Collateral Analytics. 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.

HomeValueForecast.com delivers a monthly briefing along with Lessons from the Data, an in-depth article based on trends unearthed in the data.

HVF is built using numerous data sources including public records, local market MLS and general economic data. The top 750 CBSAs as well as data down to the ZIP code level for approximately 18,000 ZIPs are available with a corporate subscription to the service. To learn more about Home Value Forecast and Pro Tecks full suite of residential real estate valuation products visit us at http://www.proteckservices.com.

Media Contact: Janice Walker, JD Walker Communications, LLC

781-290-6528 or jdwalker(at)jdwalkercommunications(dot)com







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