Veros Real Estate Solutions is a top choice for real estate data and technology.
Whether interested in historical, current or future real estate analysis and trends, the need is the same. Reliable real estate decisions result from sound, accurate data and real estate market analysis. Veros delivers the results you seek. With a sharp focus on total transparency, sophisticated technology-assisted analytics and uncompromising data integrity, our real estate analytics and forecasting solutions are ready to help you mitigate risk and improve your bottom line.
A key resource for forecasting and strategic planning, you’ll gain pinpoint accuracy to spot specific percentage value changes down to the zip code level and segmented by price tier and property type.
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.
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.
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.
