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Tag Archives: Veros

Analysts Revise 2014 Price Forecasts Upward

Home price expectations have been revised upward for 2014, but indicators still point to a slowdown in appreciation, according to Veros Real Estate Solutions. For 2014's five strongest markets, Veros is looking west. The top projected market for the year is the San Francisco area, which is expected to see price growth of 13.4 percent. San Jose is slotted for the second-most growth (10.7 percent), while Seattle and Los Angeles are rated for 10.2 percent and 9.6 percent increases. Growth is those areas will be driven by their relatively lower unemployment rates, Veros said.

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Forecast Points to Steady Price Growth Led by California

When it comes to price appreciation, California markets are expected to continue leading growth over the next year, while certain markets concentrated in the Northeast should see a decline in home values, according to Veros Real Estate Solutions' most recent forecast ending June 1, 2014. The company's forecast covers 969 counties, 324 metro areas, and 13,502 zip codes.

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Veros Forecasts Select Struggling Markets to Start Recovering

Certain regions that once dragged the housing market down are expected to start giving the industry a lift while national home values are expected to start leveling, according to forecasts from Veros Real Estate Solutions. The VeroFORECAST projects that in the 12-month period ending June 1, 2013, prices should improve from last quarter's 0.86 percent forecast depreciation to this period's 0.26 percent forecast depreciation. Phoenix is expected to appreciate the most at 6.4 percent. The Reno-Sparks region in Nevada is expected move in the opposite direction and depreciated by five percent.

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Former Fannie Mae VP Joins Veros as SVP of Strategic Initiatives

A former Fannie Mae VP of single-family strategic initiatives joined Veros Real Estate Solutions as SVP of strategic initiatives. Charles Rumfola was selected for the position and will manage numerous initiatives for Veros in the secondary markets. Rumfola, who joined Fannie Mae in 1992, will be based out of Wasington D.C.

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Recovery Will Be ‘Lengthy’ and ‘Gradual’: Report

At a national level, the housing market is on the mend, but recovery will be slow this year with little overall change, according to the latest forecast from Veros Real Estate Solutions. The good news is that many markets are no longer expected to be radically declining, but Veros reiterates earlier predictions that this recovery will be ""a lengthy and gradual one."" Throughout 2012, the company expects the strongest markets to experience a 4 percent price increase and the weakest markets to experience 5 to 6 percent declines.

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Veros Expects Lengthy Recovery but Less Rapid Decline in Home Prices

Markets in North Dakota and Hawaii show the strongest potential for home price appreciation over the next year, according to Veros Real Estate Solutions. At the other end of the spectrum, the company sees continued weakness in some of the hardest hit markets of California, Nevada, and Florida, although price depreciation is expected to slow dramatically from the free-fall days of earlier in the downturn. Veros' national home price index continues to show stability in its quarterly results, holding fairly constant at -1.7 percent.

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