Rising home insurance costs are becoming a significant financial burden for homeowners across the United States. The increasing frequency and intensity of extreme weather events, such as hurricanes, floods, and wildfires, are driving up insurance premiums. As a result, insurance […]
The Future of Home Insurance Read More »
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 popular West and South regions, redirecting their attention to the affordability haven offered by the Northeast and Midwest.
Why Homebuyer Interest is Shifting to the Northeast and Midwest Read More »
Veros’ Q3 2024 VeroFORECAST has been released, and it reveals an appreciation in the housing market for the next 12 months. This is an exciting development for homeowners and investors alike. Read more about the highlights from the latest report on Veros’ insights page on their website!
VeroFORECAST Q3 2024: Understanding Market Trends Read More »
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 reduced buyer demand, higher expenses for existing homeowners, and potential price corrections.
California’s Homeowners Face Insurance Squeeze Read More »
The housing market boomed during the pandemic years and now seems to be in a frozen state. Is it the employment landscape, inflation, or could it be the simultaneous rapid surge in mortgage rates and home prices over the past three years in combination with the demographic trends?
Mortgage Rates and Demographics are Shaping the Current Housing Market Read More »
Even with high prices and mortgage rates, the housing market continues to see an upward price trend, fueled by strong competition among homebuyers regardless of limited inventory. Additionally, the entry of millennials into their prime home-buying years is contributing to increased demand.
Amid High Rates and Prices, VeroFORECAST Projects Moderate House Price Increases Read More »
The Market Hotness Index is formulated through a combination of proprietary data pertaining to housing activity and demand and supply indicators for the 100 most populous counties in the U.S.
Housing Market Hotness Index Read More »
The unemployment rate increased to 3.9% in February 2024, while nonfarm payrolls showed that the US economy added 275,000 jobs.
Does February 2024’s Unemployment Report Suggest a Weakening Labor Market? Read More »
The rapid price growth and intense competition of the past few years in the housing market is a thing of the past. While many markets remain seller-dominant, buyer demand has moderated due to high mortgage rates and affordability concerns. This might result in longer listing times and more negotiating room for buyers.
Dive into 2024 with Key Housing Market Metrics Read More »
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 technology could be used to perpetuate discrimination against certain groups of people. It is important to ensure that technology is used in a fair and ethical way, and that it does not exacerbate existing inequalities.
Technology Can Help Provide Accurate and Fair Home Valuations Read More »
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