Housing Market
Robust Jobs Data Dampens Expectations for Fed Rate Cuts
Unemployment dipped in March 2024, indicating that the labor market has remained resilient despite the Fed rate hikes.
Housing Market Hotness Index April 14, 2024
The value of the Market Hotness Index* was 103.73 for the week ending April 14th, 2024, compared to 103.56 in the previous week. The index ...
The Spring Housing Market of 2024 Resembles That of 2023
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 ...
Local Markets
Surging insurance premiums and HOA fees slow down Florida’s Housing Market
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
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 ...
Who Owns Mortgage-Free Homes and Where?
While everyone's buzzing about those lucky homeowners with ultra-low mortgage rates, millions of homeowners are quietly celebrating a different kind of financial freedom: ditching their ...
Technology
Modern Technology for Eco-Friendly Living
Home buyers are seeking homes that could potentially reduce their carbon footprints according to a study by the National Association of Realtors. According to this ...
Unlocking the Potential of AI: From Sci-Fi to Reality
In the housing sector, AI is transforming the industry in numerous ways, from streamlining the search for your dream home to predicting market trends and ...
Technology Can Help Provide Accurate and Fair Home Valuations
As with any new technology, there are also potential risks associated with its use in the housing industry. For example, there is a risk that ...
Testing for Racial Bias in AVM Valuations
Several studies have examined the issue of racial bias in Automated Valuation Models (AVMs) by analyzing various measurements of AVM valuation errors in relation to ...
Market Forecasts
VeroFORECAST Quarterly U.S. Housing Market Outlook Q4 2023-Q4 2024
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 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 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 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
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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