Latest news with #VerosRealEstateSolutions
Yahoo
03-04-2025
- Business
- Yahoo
Will Home Prices Rise or Fall? Key Insights from the VeroFORECAST Q1 2025
SANTA ANA, Calif., April 03, 2025--(BUSINESS WIRE)--Today, Veros Real Estate Solutions (Veros®), an industry leader in enterprise risk management and collateral valuation services, released its Q1 2025 VeroFORECASTSM. The forecast projects an average nationwide home price appreciation rate of 2.4% over the next 12 months. This is a modest decline from the previous quarter's forecast of 2.7%. VeroFORECAST evaluates home prices in over three hundred of the nation's largest housing markets, and Veros is committed to the data science of predicting home value based on rigorous analysis of the fundamentals and interrelationships of numerous economic, housing, and geographic variables pertaining to home value. The fundamental conditions shaping the housing market largely mirror those of the prior quarter. Mortgage rates, a dominant force in the market for the past few years, are projected to remain high, with limited prospects for near-term reduction. Inflation continues to be a significant concern, as evidenced by the recent increase in the core Personal Consumption Price Index for February 2025, and this is before the full impact of tariffs is felt. This stickiness in core inflation will likely prompt the Federal Reserve to keep interest rates at their present levels for the foreseeable future. While the labor market is currently stable, the consequences of layoffs could emerge in the coming months. The spring selling season is now underway, and inventory levels are higher than last year. Given the widespread expectation of minimal relief on mortgage rates, both buyers and sellers appear to have adjusted their expectations. The increase in available homes provides buyers with more negotiating leverage, suggesting that average home prices across the U.S. will increase only modestly, as indicated by the VeroFORECAST. However, this nationwide outlook masks significant regional differences. The Northeast and Midwest continue to be the strongest markets, driven by low inventory and relatively more affordable housing compared to the sunbelt. Furthermore, the slowdown in remote work and the return to office mandates have largely stemmed the outflow of people from these regions. Further, retirees seeking to relocate from colder climates are facing affordability challenges. Rising insurance and HOA fees are also dampening housing demand in Florida. Significant new construction in the sunbelt states has created ample supply, keeping prices in check and even leading to depreciation in some markets. As buyers and sellers engage in the traditionally busy season, the national housing market presents a picture of cautious optimism. The hope for easing interest rates and prices is tempered by concerns over tariffs, persistent inflation, and broader economic anxieties that could hinder a more robust recovery. The top ten housing markets for the next year are projected to be: Rockford and Springfield in IL, Manchester (NH), Rochester and Buffalo in NY; Hartford, New Haven, and Norwich in CT; and Lancaster and York in PA. These smaller metros provide relatively more affordable housing compared to the larger metros. Rank Top 10 Metropolitan Statistical Area Forecast 1 ROCKFORD, IL 6.4% 2 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT 5.9% 3 LANCASTER, PA 5.6% 4 SPRINGFIELD, IL 5.5% 5 ROCHESTER, NY 5.4% 6 MANCHESTER-NASHUA, NH 5.4% 7 YORK-HANOVER, PA 5.4% 8 BUFFALO-CHEEKTOWAGA, NY 5.4% 9 NEW HAVEN, CT 5.2% 10 NORWICH-NEW LONDON-WILLIMANTIC, CT 5.1% The ten weakest housing markets are concentrated in the South, with four each in Florida and Texas, and two in Louisiana. This downturn is attributed to a combination of factors: a rise in homes for sale empowering buyers and driving down prices, significant new construction in Texas and Florida adding to the supply glut, a cooling of pandemic-era migration due to more return-to-office mandates, and escalating insurance costs stemming from these regions' susceptibility to natural disasters. Rank The 10 Weakest Metropolitan Statistical Area Forecast 1 PUNTA GORDA, FL -3.5% 2 LAKE CHARLES, LA -2.7% 3 CAPE CORAL-FORT MYERS, FL -2.7% 4 NAPLES-MARCO ISLAND, FL -2.7% 5 NORTH PORT-BRADENTON-SARASOTA, FL -1.5% 6 MCALLEN-EDINBURG-MISSION, TX -1.4% 7 SHERMAN-DENISON, TX -0.7% 8 CORPUS CHRISTI, TX -0.7% 9 AUSTIN-ROUND ROCK-SAN MARCOS, TX -0.7% 10 NEW ORLEANS-METAIRIE, LA -0.4% VeroFORECAST Methodology The quarterly VeroFORECAST reports to clients by subscription and to industry media in a summary overview. The current report is based on 323 Metropolitan Statistical Areas (MSAs) data, including 978 counties, and 82% of U.S. population covered. The report is a projected increase twelve months forward. Download the Q1 2025 – Q1 2026 VeroFORECAST results as a PDF infographic Source: Veros Real Estate Solutions (Veros®) This information is intended for use by the media for economic reporting and should only be used for physical or digital publication or broadcast, in whole or in part, and must be sourced from Veros Real Estate Solutions. The company name must be visible on the screen or website if the data are illustrated with maps, charts, graphs, or other visual elements. For questions, analysis, interpretation of the data, or permission to reproduce, contact communications@ About Reena Agrawal, Research Economist Reena Agrawal has a Ph.D. in Economics from Vanderbilt University. She has fifteen years of experience in macroeconomic forecasting, sectoral research, feasibility studies of complex projects, and preparing reports for multi-national clients. About Veros Real Estate Solutions (Veros®) A mortgage technology innovator since 2001, Veros is a proven leader in enterprise risk management and collateral valuation services. The firm combines predictive technology, data analytics, and industry expertise to deliver advanced automated solutions that control risk and increase profits throughout the mortgage industry, from loan origination to servicing and securitization. Veros' services include automated valuation, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is the primary architect and technology provider of the GSEs' Uniform Collateral Data Portal® (UCDP®). Veros also works closely with the FHA to support its Electronic Appraisal Delivery (EAD) portal. The company is also making the home-buying process more efficient for our nation's Veterans through its appraisal management work with the Department of Veterans Affairs. For more information, visit or call 866-458-3767. View source version on Contacts Media Contact Heather Zeller, Vice President of MarketingCommunications@ (714) 415-6300 Sign in to access your portfolio
Yahoo
12-03-2025
- Business
- Yahoo
Veros Launches ValuSTREAM: An Optimized Independent Third-Party Tested AVM Cascade
SANTA ANA, Calif., March 12, 2025--(BUSINESS WIRE)--Veros Real Estate Solutions (Veros®), a leader in risk management and collateral valuation services, is pleased to share with the housing finance industry ValuSTREAM™, an advanced automated valuation model (AVM) cascade solution. This new solution is now available through VeroSELECT® and Valligent via Acuity and other direct integrations. ValuSTREAM ensures reliability and performance with independent, third-party AVM testing conducted quarterly for rigorous due diligence. This testing, Powered by CoreLogic® OptiVal®, leverages both purchase and non-purchase data to optimize AVM performance. With ValuSTREAM, lenders gain the peace of mind of a fully managed solution: they simply order the product and never worry about constantly making changes to their cascade presences, as it's set for them and regularly updated based on the OptiVal testing. OptiVal operates as an independent AVM testing unit within CoreLogic and is vendor agnostic, meaning it relies solely on real-world testing data to identify the best AVMs. This advanced cascade solution refines AVM selection at the county level, ensuring location-specific valuation precision and continuous updates that adapt to shifting market conditions. The results give mortgage lenders and real estate professionals the confidence to make informed decisions. "Lenders need valuation solutions that provide transparency and performance they can trust. By continuously refining AVM selection at the county level and ensuring the highest standards of data integrity, we are delivering a solution that enhances underwriting efficiency and reduces valuation risks," said Eric Fox, Chief Economist and Senior Vice President of Analytics at Veros. Veros' latest solution redefines how AVM cascades operate by offering tailored valuation strategies that align with specific business objectives. Whether prioritizing accuracy, maximizing market coverage, or achieving a balanced approach, ValuSTREAM provides a flexible framework that can fulfill varying needs. It also meets compliance standards, making it a trusted choice for financial institutions navigating regulatory requirements. "As the industry-leading AVM cascade solution, CoreLogic's OptiVal is the ideal solution to support ValuSTREAM. Our unique data, analytics, and cascade management will provide an ideal offering for clients who need a proven, compliant offering to address their lending needs," said Sage Nichols, SVP, Collateral and Risk Solutions at CoreLogic. ValuSTREAM sets a new benchmark in AVM-driven valuations, enabling mortgage lenders and investors to make faster, smarter business decisions. About Veros Real Estate Solutions (Veros®) A mortgage technology innovator since 2001, Veros is a proven leader in enterprise risk management and collateral valuation services. The firm combines predictive technology, data analytics, and industry expertise to deliver advanced automated solutions that control risk and increase profits throughout the mortgage industry, from loan origination to servicing and securitization. Veros' services include automated valuation, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is the primary architect and technology provider of the GSEs' Uniform Collateral Data Portal® (UCDP®). Veros also works closely with the FHA to support its Electronic Appraisal Delivery (EAD) portal. The company is also making the home-buying process more efficient for our nation's Veterans through its appraisal management work with the Department of Veterans Affairs. For more information, visit View source version on Contacts Media Contact Heather Zeller, Vice President of MarketingCommunications@ (714) 415-6300 Sign in to access your portfolio
Associated Press
12-03-2025
- Business
- Associated Press
Veros Launches ValuSTREAM: An Optimized Independent Third-Party Tested AVM Cascade
Veros Real Estate Solutions (Veros®), a leader in risk management and collateral valuation services, is pleased to share with the housing finance industry ValuSTREAM ™, an advanced automated valuation model (AVM) cascade solution. This new solution is now available through VeroSELECT ® and Valligent via Acuity and other direct integrations. ValuSTREAM ensures reliability and performance with independent, third-party AVM testing conducted quarterly for rigorous due diligence. This testing, Powered by CoreLogic® OptiVal®, leverages both purchase and non-purchase data to optimize AVM performance. With ValuSTREAM, lenders gain the peace of mind of a fully managed solution: they simply order the product and never worry about constantly making changes to their cascade presences, as it's set for them and regularly updated based on the OptiVal testing. OptiVal operates as an independent AVM testing unit within CoreLogic and is vendor agnostic, meaning it relies solely on real-world testing data to identify the best AVMs. This advanced cascade solution refines AVM selection at the county level, ensuring location-specific valuation precision and continuous updates that adapt to shifting market conditions. The results give mortgage lenders and real estate professionals the confidence to make informed decisions. 'Lenders need valuation solutions that provide transparency and performance they can trust. By continuously refining AVM selection at the county level and ensuring the highest standards of data integrity, we are delivering a solution that enhances underwriting efficiency and reduces valuation risks,' said Eric Fox, Chief Economist and Senior Vice President of Analytics at Veros. Veros' latest solution redefines how AVM cascades operate by offering tailored valuation strategies that align with specific business objectives. Whether prioritizing accuracy, maximizing market coverage, or achieving a balanced approach, ValuSTREAM provides a flexible framework that can fulfill varying needs. It also meets compliance standards, making it a trusted choice for financial institutions navigating regulatory requirements. 'As the industry-leading AVM cascade solution, CoreLogic's OptiVal is the ideal solution to support ValuSTREAM. Our unique data, analytics, and cascade management will provide an ideal offering for clients who need a proven, compliant offering to address their lending needs,' said Sage Nichols, SVP, Collateral and Risk Solutions at CoreLogic. ValuSTREAM sets a new benchmark in AVM-driven valuations, enabling mortgage lenders and investors to make faster, smarter business decisions. About Veros Real Estate Solutions (Veros®) A mortgage technology innovator since 2001, Veros is a proven leader in enterprise risk management and collateral valuation services. The firm combines predictive technology, data analytics, and industry expertise to deliver advanced automated solutions that control risk and increase profits throughout the mortgage industry, from loan origination to servicing and securitization. Veros' services include automated valuation, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is the primary architect and technology provider of the GSEs' Uniform Collateral Data Portal® (UCDP®). Veros also works closely with the FHA to support its Electronic Appraisal Delivery (EAD) portal. The company is also making the home-buying process more efficient for our nation's Veterans through its appraisal management work with the Department of Veterans Affairs. For more information, visit (714) 415-6300 SOURCE: Veros Real Estate Solutions Copyright Business Wire 2025. PUB: 03/12/2025 05:30 AM/DISC: 03/12/2025 05:29 AM
