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 acquires Valligent to further revolutionize and drive the property valuation industry beyond where it is today. Together, the companies represent a powerful collateral valuation innovator in the market, providing a full spectrum of appraisal, valuation data and analytics and related collateral risk management solutions.
The results revealed no evidence of racial basis in the VeroVALUE AVM.
“We found that the proportion of properties that are undervalued by 15% or more is not correlated with the proportion of Black, Hispanic, Asian, or White populations,” said Eric Fox, Veros Real Estate Solutions Chief Economist. “This is crucial because it addresses concerns about undervaluations of minority-owned properties.”
Today’s Q1 2022 VeroFORECAST report anticipates home prices will appreciate on average 7.1% for the next 12 months. Veros’ VeroFORECAST evaluates home prices in over 330 of the nation’s largest housing markets and reveals the cities expected to be the Strongest- or Least-performing metros in America.
Veros’ VeroFORECAST data predicts America’s housing market to remain robust overall in 2022, with the pace of home price appreciation to slow down slightly. SANTA ANA, Calif., January 10, 2022 —Today Veros Estate Solutions (VEROS®), an industry leader in enterprise risk management and collateral valuation services, released its Q4 2021 VeroFORECASTSM data that anticipates home …
“Veros continues to accurately predict robust appreciation throughout the overall housing market, which will remain solid and steady well into 2022,” said Darius Bozorgi, CEO of Veros Real Estate Solutions. “The continued year-over-year increase is heavily driven by strong markets in the Western United States. Four of the highest-performing markets are located in Idaho where in-migration continues to fuel housing demand.”