By multiple measurements of precision, VeroFORECAST allows users to see with pinpoint accuracy specific percentage value changes all the way down to the zip code level and segmented by price tier and property type. It is utilized by economists, statisticians and business leaders all along the mortgage industry value chain as a key resource for forecasting and strategic planning due to its consistent strength and accuracy over more than ten years the forecast has been available.
The Q3 2022 VeroFORECAST anticipates home prices will appreciate on average just 1.5% for the next twelve months. This is a significant drop from the 4.5% annual appreciation forecast just one quarter ago.
VeroFORECAST is the most granular product available for narrowing down past the core-based statistical area (CBSA) to county and zip code levels. With more than ten years of proven, consistent, and documented accuracy, VeroFORECAST assigns specific percentage predictions (i.e. +2.0 percent) and not just directional indications, as well as providing repeat sales index reaching down to county levels. A well-recognized product, VeroFORECAST is utilized by economists, statisticians and business leaders throughout the mortgage industry.
VeroFORECAST is in demand even before origination begins, during strategy development and marketing phases, and all the way through to servicing, loan modification and loss mitigation. Use powerful predictive insights to:
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The majority of housing economists predicted a home price collapse as a result of the pandemic. Instead, Veros correctly predicted the opposite.