The Housing Market & Artificial Intelligence
The RiskWire Webcast series episode #2 examines the impact of employers on housing demand, providing insight into the intricate connection between employment opportunities and the housing market.
Insights
Automated Valuation Models to Combat Redlining’s Legacy
Reena Agrawal, research economist at Veros, touches on how “AVMs Can Provide Accuracy and Fairness in Home Valuations” in recent Progress in Lending’s article. She notes how the housing industry can deflect discrimination and how AVMs allow lenders to identify misjudgments in valuations.
The Labor Market and Housing Demand
The RiskWire Webcast series episode #2 examines the impact of employers on housing demand, providing insight into the intricate connection between employment opportunities and the housing market.
What is Going on with Housing Supply?
Watch the first episode of our RiskWire Webcast series titled, “What is Going on with Housing Supply?” where Eric Fox, Veros Real Estate Solutions Chief Economist and SVP of Analytics, and Reena Agrawal, Research Economist, discuss the pressing concern of the housing market’s shortage of homes for sale.
The Fed Got Its Mojo Back
Mortgage interest rates have been more or less declining over the past four decades from a peak of 18.3% in October 1981 to a bottom of 2.7% in July 2021. This was mostly driven by a Federal Funds Effective Rate that dropped from 15.1% to 0.09% over the same timeframe.
Navigating with Tech & Niche: Jeff Hogan’s Vision for Modern Appraisers
Listen to the latest episode of PahRooZings Podcast: Appraisers on Purpose titled, “Navigating with Tech & Niche: Jeff Hogan’s Vision for Modern Appraisers,” where Jeff Hogan, Veros’ SVP of Valuations and Valligent’s Chief Appraiser, shares his inspiring journey and tenure as an appraiser, offering valuable insights into the constantly evolving world of appraisals.
Lending A Hand To Appraiser Trainees
Read the latest National Mortgage Professionals article titled “Lending a Hand to Appraiser Trainees,” where Jeff Hogan, Veros Real Estate Solutions Senior Vice President, Valuations and Valligent’s new Chief Appraiser, discusses the Valligent Appraisal Training Program (VATP) and how lenders can help the current appraiser shortage.
Will San Francisco’s technology sector lead the housing market recovery?
The AI industry is flourishing, resulting in an expected real estate demand increase. However, Housing prices in San Francisco are still unaffordable. It remains unclear whether the housing market will improve in a big way, despite VeroFORECAST predicting a 3.6% drop in housing prices over the next 12 months in the city.
Modern Life, Modern Loans
Kristin Gruidl, Senior Product Manager at Veros, discusses the positive industry impacts of recent changes to Fannie Mae’s Modernization Initiative. The modernization of valuations will help lenders, appraisers, and risk investors, and Veros is proud to be a part of the continued effort to standardize and collect data that helps to improve collateral valuation risk management
National Mortgage Professional: Unbiased Methods in AVMs Create for Equitable Home Appraisals
Jeff Hogan, Veros Real Estate Solutions’ (Veros) Vice President of Valuations, recently discussed the challenges of diversity in the real estate appraisal industry with The Sacramento Observer in the latest article titled, “Real Estate Appraisal’s Diversity Problem.”
