VeroFORECAST Home Price Trends and Forecast

VeroFORECAST Accuracy In Changing Market

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.

  • Analyze residential home values up to 24 months into the future
  • Look where real estate really happens – the local level – narrowing down to local geographic regions
  • Segment results by property type and multiple price tiers for more specific analysis
  • Know which markets hold the most opportunity and the greatest risks
  • Mitigate risk and prioritize management by projected loss severity
  • Execute better overall risk management for regulatory compliance

How is VeroFORECAST Different?

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.

How Do I Use VeroFORECAST?

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:

  • Set a more reliable loan-to-value (LTV) threshold;
  • Execute stronger branch management; and
  • Better segment your portfolio leaders.

What Does VeroFORECAST Include?

  • Analysis of distinct econometric, real estate and market data at macro and micro levels.
  • Multiple layers of segmentation:
    1. Property Type (Single-family Residence and Condominiums)
    2. Three Price Tiers (Entry-, Mid- and Upper-level Distinctions by Percentile)
    3. Detailed Geographic Segmentation (CBSA, County and Zip Code)
  • Reports delivered on an individual basis or on portfolio runs.
  • Increased coverage including more than 80 percent of the U.S.
  • Flexibility to combine with supplemental analytics from Veros’ powerful portfolio of valuation risk analytics.

Product Benefits

  • Know which markets will hold the most opportunity 24-months out.
  • Mitigate risk by prioritizing default management by projected loss severity.
  • Better loan underwriting.
  • Meet new investor guidelines for collateral valuation.
  • More accurate valuation of existing loans and loan pools.
  • Better overall risk management for federal regulatory compliance.
  • The ability to take your business into the future with confidence.
VeroFORECAST is available in a variety of delivery methods and package options.

The majority of housing economists predicted a home price collapse as a result of the pandemic. Instead, Veros correctly predicted the opposite.

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Features

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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.”

SFR Trend chart

Corporate Investor Home Purchases are at the Highest Levels in a Decade

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,

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