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Green indicates Strongest 5 markets,
Red indicates Weakest 5 markets
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VeroFORECAST Strongest & Weakest Market percentages are for Dec. 1, 2007 through Dec. 1, 2008
Based on 180+ markets for Single Family Residences in Metro areas with populations of 500,000+ |
VeroFORECAST Strongest
Five Markets
#1 - Wichita, KS: +4%
#2 - Raleigh/Cary, NC: +3%
#3 - Sioux Falls, SD: +3%
#4 - Fargo, ND: +3%
#5 - Tulsa, OK: +3%
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VeroFORECAST Weakest
Five Markets
#1 - Modesto, CA: -15%
#2 - Riverside/San Bernardino, CA: -15%
#3 - Palm Bay/Melbourne/Titusville, FL: - 14%
#4 - Cape Coral/Ft. Myers, FL: -13%
#5 - Sacramento/Roseville, CA: -12%
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Using a typical statistical measure for forecasting accuracy, R-squared, Veros scored an average of 68% out of 100%. This indicates that nearly 70% of the variation in house price changes have been explained by Veros' forecast models. * Due diligence is based on consecutive years of predictions publicly released at the Predictive Methods Conferences 2003 through 2007.
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