Automated Valuation Models Can Help Identify Home Appraisal Bias in Minority Communities
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.”
Economic Insights & Indicators
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Is Unemployment Declining Faster In States Dropping Federal Unemployment Benefits?
“The VeroFORECAST data continues to exhibit upward price pressure in nearly all markets throughout 2021 and into 2022,” said Darius Bozorgi, CEO of Veros Real Estate Solutions.
Inflation is Here. What does that mean for the Housing Market
“The VeroFORECAST data continues to exhibit upward price pressure in nearly all markets throughout 2021 and into 2022,” said Darius Bozorgi, CEO of Veros Real Estate Solutions.
Veros Reports US Home Price Forecast to be up 7% Into Second Quarter of 2022 Maintaining Heated Pace Predicted One Quarter Ago
“The VeroFORECAST data continues to exhibit upward price pressure in nearly all markets throughout 2021 and into 2022,” said Darius Bozorgi, CEO of Veros Real Estate Solutions.
Veros Now Offers Commercial Property Insight Following a Natural Disaster
Actionable data is now available to commercial builders and commercial real estate owners to identify losses more quickly after disaster strikes Santa Ana, Calif., May …
The Ticking Climate Time Bomb. America is Getting Hotter and Wetter
New United States weather data shows ‘obvious’ effects of climate change at a time when catastrophic events have intensified. Weather data recently released by the …
Is housing in a bubble that’s about to burst?
Google reported last week that the search question “When is the housing market going to crash?” had spiked 2,450% in the past month. “Why is the market so hot?” searches had doubled in just a week. Are consumers right to worry that house prices may be in a bubble that’s about to burst?
