Read the latest CBS News Money Watch article titled “When Will Home Prices Go Down? Expert Forecasts Vary,” where Eric Fox, Veros Real Estate Solutions Chief Economist and Senior Vice President of Analytics, shares his latest thoughts on how potential homebuyers can manage the current real estate market’s prices.
Valligent, a Veros Software company, has announced the launch of ValDESKTOP(SM) for streamlined desktop appraisals. It utilizes Fannie Mae’s® Form 1004 Desktop or Freddie Mac’s® Form 70D for appraisals. It offers lenders convenience and cost savings over the traditional appraisal due to the added efficiencies gained in the process.
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.
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.
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
The National Mortgage Professional’s recent article, “How AVMs Can Promote More Equitable Home Valuations,” written by Reena Agrawal, shares insights on whether historical redlining is still a present issue. Agrawal also expands on technology-driven AVMs, and how they can help minority homeowners enhance and accumulate their wealth.
Veros’ study examined AVM predictions for single-family properties in redlined versus non-redlined neighborhoods close to one another in Los Angeles, California. Veros’ economists used this approach because mortgage funds were historically abundant for non-redlined areas, while they were scarce or non-existent for redlined areas. To enable proper testing, the areas selected for analysis had single-family homes on both sides of the boundaries.