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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.”
The data suggests that while some first-time homebuyers are getting priced out of the housing market due to affordability, prices are being driven by demand from repeat and all-cash buyers as they compete for a low supply of homes.
The recent hot housing market has led to a sharp rise in single-family home investor purchases. The large increases experienced in the housing market have made single-family homes a quality investment that can produce yearly returns higher than those seen in the stock market. Investor Purchase Percentage usually hits its peak from December to February, …
Corporate Investor Home Purchases are at the Highest Levels in a Decade Read More »
Today’s Q1 2022 VeroFORECAST report anticipates home prices will appreciate on average 7.1% for the next 12 months. Veros’ VeroFORECAST evaluates home prices in over 330 of the nation’s largest housing markets and reveals the cities expected to be the Strongest- or Least-performing metros in America.
For the time being, the war will likely amplify the supply chain disruptions and add to the already high inflation resulting from the pandemic, and home prices in the US are likely to stay on their upward trajectory.
Watch this webinar for a look at how data alerts for property listings and natural disasters can help impact better decision-making for lenders and servicers.
Inflation is wiping out recent wages increases. As supply shortages continue and spending remains strong, many consumers are feeling the impact with a 7.0% rise in food prices and a 40% hike in gasoline prices over the past one year.
So, employers are finding it difficult to fill their job postings since many Americans are reluctant to return to the workforce as they seek better employment opportunities or start their own businesses or are choosing to retire early.
The latest data on residential construction from the US Census Bureau and the US Department of Housing and Urban Development shows that annual housing starts increased 15.6% from 1.38 million in 2020 to 1.6 million in 2021 but were 23% lower compared to 2.07 million in 2005, when the last housing bubble took place. 70% …
The 15.6% Increase in Housing Starts Won’t Cool Prices in 2022 Read More »
Veros’ VeroFORECAST data predicts America’s housing market to remain robust overall in 2022, with the pace of home price appreciation to slow down slightly. SANTA ANA, Calif., January 10, 2022 —Today Veros Estate Solutions (VEROS®), an industry leader in enterprise risk management and collateral valuation services, released its Q4 2021 VeroFORECASTSM data that anticipates home …
Expect Slightly Slower Home-price Growth, Market Still Booming in 2022 Read More »
