Property Valuation

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When Will Home Prices Go Down? Expert Forecasts Vary

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.

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A Fast and Cost-Efficient Alternative Appraisal

Valligent Launches ValDESKTOP to Streamline Appraisals

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.

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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.

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Golden Gate Bridge view of San Francisco

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.

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National Mortgage Professional: Unbiased Methods in AVMs Create for Equitable Home Appraisals

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.

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Veros’ Study Demonstrates Its AVM is Not Influenced by Historical Redlining

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.

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