Veros Real Estate Solutions is a top choice for real estate data and technology.
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.
Veros’ Study Demonstrates Its AVM is Not Influenced by Historical Redlining Read More »
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.”
The Observer: Real Estate Appraisal’s Diversity Problem Read More »
How Can Home Equity Lenders Differentiate Themselves? In the National Mortgage Professional’s recent article, “Standing Out in a Crowded Home Equity Market,” written by Jeremy McCarty, Founder and CEO of Valligent, shares insights on how lenders can play a crucial role in helping homeowners tap into their home equity in a high demand home
Standing Out In A Crowded Home Equity Market Read More »
In Credit Union Times’ recent article, “Home Equity Lending Needs a Tech Refresh,” written by Jeremy McCarty, Founder and CEO of Valligent, shared given the surge in the demand for home equity loans, credit unions should streamline valuation processes and find ways to differentiate themselves from competitors. The article highlighted a few ways to stand
Home Equity Lending Needs a Tech Refresh Read More »
The housing market situation is fundamentally different from that during the great recession of 2008. One of the key reasons why house prices have not declined significantly is because of the very low inventory of homes available for sale. There were fewer than one million existing homes available for sale in January 2023 compared to over 3 million in any month during 2007-2008.
What to expect in the upcoming spring housing market Read More »
The housing market situation is fundamentally different from that during the great recession of 2008. One of the key reasons why house prices have not declined significantly is because of the very low inventory of homes available for sale. There were fewer than one million existing homes available for sale in January 2023 compared to over 3 million in any month during 2007-2008.
The reasons for the stubbornly low housing supply Read More »
High home prices coupled with high interest rates made purchasing a house increasingly unaffordable. As a result, demand for home purchases fell. Pending sales across the United States decreased by over 40% from mid-June to the end of 2022.
Pending home sales display buyers’ response to fluctuating mortgage rates Read More »
In this short article, we look at three different consumer mortgage metrics when comparing the economic conditions today to the Great Recession over a decade ago.
Mortgage Metrics Today Versus the Great Recession Read More »
So, we asked ChatGPT: Which metros witnessed the most iBuyers purchases in 2022? Here’s ChatGPT’s surprising response…
ChatGPT on iBuyer performance in 2022 Read More »
