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Housing Market
Buyers Head to the Northeast as Rates Climb
Veros' Economic Team
Despite rising mortgage rates and home prices, strong job markets and low inventory are fueling continued home price increases, especially in the Northeast cities.
Housing Market Hotness Index April 28, 2024
Veros' Economic Team
The value of the Market Hotness Index* was 103.56 for the week ending April 28th, 2024, compared to 103.88 in the previous week. The hottest ...
The Spring Housing Market of 2024 Resembles That of 2023
Veros' Economic Team
The 2024 spring housing market is now in full swing, but is echoing the trends of 2023: scarce inventory, high mortgage rates, and homebuyers competing ...
Economy
Buyers Head to the Northeast as Rates Climb
Veros' Economic Team
Despite rising mortgage rates and home prices, strong job markets and low inventory are fueling continued home price increases, especially in the Northeast cities.
Robust Jobs Data Dampens Expectations for Fed Rate Cuts
Veros' Economic Team
Unemployment dipped in March 2024, indicating that the labor market has remained resilient despite the Fed rate hikes.
March 2024 Sees Increase in Inflation, Suggesting Continuation of Rate Holds
Veros' Economic Team
March 2024 saw a 3.5% rise in consumer prices, exceeding expectations and fueling discussions on the Federal Reserve's interest rate policy.
Local Markets
California’s Homeowners Face Insurance Squeeze
Reena Agrawal
California's housing market faces a significant challenge as major insurers stop renewing policies due to wildfire risks and rising costs. This move could lead to ...
Surging insurance premiums and HOA fees slow down Florida’s Housing Market
Veros' Economic Team
Average yearly home insurance premiums in Florida surged to over $4,231 in 2022 from $2,165 in 2020, according to data from the Insurance Information Institute ...
Why Homebuyer Interest is Shifting to the Northeast and Midwest
Veros' Economic Team
In the dynamic landscape of the real estate market, the patterns of homebuyer interest are undergoing a transformation. Buyers are veering away from the traditionally ...
Market Forecasts
VeroFORECAST Quarterly U.S. Housing Market Outlook Q4 2023-Q4 2024
Veros' Economic Team
Per the Q4 2024 Veros Real Estate Solutions (Veros®) VeroFORECAST, the 2023 housing market challenges are expected to persist into 2024, characterized by low supply ...
VeroFORECAST Quarterly U.S. Housing Market Outlook Q3 2023-Q3 2024
Veros' Economic Team
Veros Real Estate Solutions' (Veros®) Q3 2023 VeroFORECAST projects a 2.2% average increase in home prices over the next 12 months, indicating a steady market. ...
VeroFORECAST Quarterly U.S. Housing Market Outlook Q2 2023-Q2 2024
Veros' Economic Team
Veros Real Estate Solutions' (Veros®) Q2 2023 VeroFORECAST reveals a strengthening housing market with an anticipated 1.7% average increase in home prices over the next ...
VeroFORECAST Quarterly U.S. Housing Market Outlook Q1 2023-Q1 2024
Veros' Economic Team
Veros Real Estate Solutions' (Veros®) Q1 2023 VeroFORECAST anticipates a flat overall housing market for the next 12 months, showing a slight improvement from the ...
The Spring Housing Market 2023
Veros' Economic Team
In the latter half of 2022, the housing market was characterized by low inventory and reduced affordability, primarily due to high prices and mortgage rates. ...
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