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Market Report & Forecast

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2023’s Housing Market Woes Extend into 2024: Low Supply and Unaffordability

Veros Real Estate Solutions releases the Q4 2023 VeroFORECAST report which anticipates that nationwide home prices, on average are expected to increase 2.4% over the next 12 months, compared to last quarter’s forecast of a 2.2% increase, signaling a continued rise in prices.

2023’s Housing Market Woes Extend into 2024: Low Supply and Unaffordability Read More »

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VeroFORECAST Projects Home Value Appreciation of 2.2% Over the Next 12 Months, Pushing Buyers to Chase Affordability

Veros Real Estate Solutions releases the Q3 2023 VeroFORECAST report which anticipates that home prices are expected to increase on average 2.2% over the next 12 months, compared to last quarter’s forecast of 1.7% increase, indicative of a steady market.

VeroFORECAST Projects Home Value Appreciation of 2.2% Over the Next 12 Months, Pushing Buyers to Chase Affordability Read More »

Aerial view of homes in the midwest

VeroFORECAST Sees Western Housing Markets Struggle, While Those Further East Shine

Veros Real Estate Solutions releases 2023 Q2 VeroFORECAST, which anticipates a strengthening housing market for the next year. The report further indicates that while the Western markets, once the darlings of the real estate world, display signs of weakness, the Midwest and Eastern states have emerged as hotspots for homebuyers seeking affordability and economic stability.

VeroFORECAST Sees Western Housing Markets Struggle, While Those Further East Shine Read More »

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Veros Reports That its National Housing Market Annual Forecast Goes Negative for the First Time in More Than a Decade

The Q3 2022 VeroFORECAST anticipates home prices will appreciate on average just 1.5% for the next twelve months. This is a significant drop from the 4.5% annual appreciation forecast just one quarter ago.

Veros Reports That its National Housing Market Annual Forecast Goes Negative for the First Time in More Than a Decade Read More »

View of homes in Las Vegas

A look at the housing market cool-off beyond existing supply and demand

The housing market cool-off started as mortgage rates started to climb at the beginning of 2022. The 30-year fixed mortgage rate is now close to 7%, a level last seen in the early 2000s. Affordability constraints cooled down demand significantly, ending the housing market frenzy seen in 2020-21.

A look at the housing market cool-off beyond existing supply and demand Read More »

House with for Sale Sign

Pending home sales data suggests that housing demand weakened in several metros in Q3 2022

Pending listings declined over Q3 2022 in the highlighted markets, but the extent of the decline varied regionally. Salt Lake City, UT and Las Vegas, NV witnessed the sharpest declines of 24.3% and 22.4% respectively from June to September, while in San Diego, CA the decline was less than 10%.

Pending home sales data suggests that housing demand weakened in several metros in Q3 2022 Read More »

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The housing market is cooling-off. Is it headed for a crash like in 2008? Find out why not.

After two years of rapidly rising prices, the housing market seems to have lost steam. There is widespread expectation that the U. S. will fall into recession as the Fed continues to raise interest rates. The following indicators also confirm that the trend in the housing market has shifted.

The housing market is cooling-off. Is it headed for a crash like in 2008? Find out why not. Read More »

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