VeroINDEX PLUS
VeroINDEX PLUS
VeroINDEX PLUS (VIP) is an index-only based automated valuation solution that provides time-based residential property valuations derived from advanced analysis of local and regional market trends. VIP is designed to:
- Return values in non-disclosure states and remote areas where limited sales activity data poses a challenge to AVM products.
- Provide close to 100% hit rate in coverage areas when combined with user-supplied data points.
- Consider multiple, sophisticated time-based valuation methods.
- Be available on individual properties and batch runs.
- Complement VeroVALUE’s already exceptional hit rates.
Standard VeroINDEX PLUS reports include:
- Value Estimate
- Confidence Score
- Subject Property Sale History
- Historic Price Trends Graph
- Neighborhood Price Graph
VIP is able to value almost any property. With the inclusion of a previous sale and date of sale, hit rates close to 100 percent are possible.
National Coverage
Clear Value Range
Independently calculated VeroVALUE and Realistic Value Range
Local Market Data
Online Property Information and Local Market Data Access
Exceptional Efficiency
Web-based Account Management for Time- saving Efficiency
Performance & Controls
Real-time Access to Performance Metrics, Security Features, Cost Controls, Track & Reporting
Flexibility
Specialized Variations for Default Properties, Accuracy vs, Hit Rate, Portfolio Needs, Expert-assisted Valuations and Fully Transparent AVM Cascades
Get Started
TO SPEAK TO OUR SALES TEAM
1.866.458.3767 Option 2
Features
The reasons for the stubbornly low housing supply
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.
Pending home sales display buyers’ response to fluctuating mortgage rates
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.
Mortgage Metrics Today Versus the Great Recession
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.
