Veros Real Estate Solutions (Veros®) is pleased to announce joining Snowflake’s® Cloud Data Platform, making Veros’ data products available in the Snowflake Data Marketplace, starting with Veros’ proprietary home price index, VeroHPI™. This collaboration provides customers streamlined access to comprehensive real estate insights, enhancing real estate decision-making processes, operational efficiencies, and easily assessing risk from within a customer’s own data warehouse.
“At Veros, we recognize the pivotal role high quality data plays in navigating the dynamic landscape of the real estate market,” stated Sarah Acosta, Veros Senior Vice President, Product & Data Operations. “Partnering with Snowflake to leverage their personalized data exchange services, underscores our dedication to providing customers with the tools they need within their own data warehouse, to make informed decisions and plans to adapt to evolving market conditions.”
The first data set Veros added to the Snowflake Data Marketplace, VeroHPI, is known for its accurate residential real estate price change determinations, offers customers unparalleled access to robust trending logic and nationwide coverage. Developed and maintained by expert statisticians, mathematicians, and econometricians, VeroHPI utilizes repeat sales models and time series.
“VeroHPI offers national coverage with granularity as low as the zip code level. Additional segments can be provided at the County/Federal Information Processing Standard level as well as MSA/County-based Statistical Area level as required,” explained Eric Fox, Veros Chief Economist and Senior Vice President of Analytics. “The index is constructed using a methodology widely accepted as one of the most accurate ways to determine residential real estate price changes.”
Through Snowflake’s Data Marketplace, users can leverage VeroHPI for asset valuation, demand forecasting, economic analysis, location data enrichment, and risk analysis. VeroHPI equips users with the tools needed to navigate the complexities of the real estate market. Find out for yourself, download a VeroHPI data sample for zip code 99208 in Spokane, WA, as a 7 day limited free trial here.
Veros has been at the forefront of delivering advanced automated solutions that control risk and increase profits throughout the mortgage industry since 2001. With a focus on predictive technology, data analytics, and industry expertise, Veros continues to empower clients with actionable insights that drive business growth.
Many of Veros’ datasets can be made available through the Snowflake Data Marketplace. Veros will be adding other product offerings to this platform this year, so stay tuned to the Veros Insights announcements and news.
For more information, visit Veros’ Snowflake Data Marketplace or contact sales@veros.com.
About Snowflake®
Thousands of customers deploy Snowflake Cloud Data Platform to derive all the insights from all their data by all their business users. Snowflake equips organizations with a single, integrated platform that offers the only data warehouse built for any cloud; instant, secure, and governed access to their entire network of data; and a core architecture to enable many other types of data workloads, such as developing modern data applications. Find out more at snowflake.com.
