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Latest Real Estate Market Valuation Forecasts

Santa Ana, Calif.-based Veros Real Estate Solutions, a provider of enterprise risk management and collateral valuation services, listed cities in Nevada and Florida of being the top five weakest markets in its latest 12-month forecast for the nation's residential real estate markets covering the period from Sept. 1, 2008 through Sept. 1, 2009.

Results from VeroFORECAST reveal the nation's five strongest and five weakest markets, per predicted values nearly a year from now,

FIVE STRONGEST MARKETS

1. Peoria, IL +3.9%

2. Lubbock, TX +3.8%

3. Springfield, IL +3.7%

4. Amarillo, TX +2.9%

5. Tulsa, OK +2.8%

FIVE WEAKEST MARKETS

1. Las Vegas-Paradise, NV -17.3%

2. Naples-Marco Island, FL -16.4%

3. Cape Coral-Fort Myers, FL -14.9%

4. Miami-Fort Lauderdale-Miami Beach, FL -14.8%

5. Port St. Lucie-Fort Pierce, FL -14.7%

"We are smack in the middle of a market dealing with unprecedented volatility and uncertainty," said Darius Bozorgi, president and CEO of Veros Real Estate Solutions.

"Many market sectors and participants have frozen up compounding the issues. Having a reliable tool that enables accurate short-term and long-term views of the market horizon is an invaluable advantage. Today's collateral risk assessment requires a 360-degree view. Success in this market requires an objective determination of not only where you stand today - considering a number of risk factors - but also where you are likely to be standing tomorrow and thereafter."

The forecasts, based upon the VeroFORECAST models reflect projected market gains and declines for single-family residences in most major metropolitan areas and a large number of non-metro areas resulting in coverage of 75% of the nation's population.

Veros delivers forecast data on geographic levels that include CBSA, county and ZIP codes as well as by property type and price range.

Mr. Bozorgi said these forecasts enable users, such as servicers and investors, to quickly determine collateral risk levels and establish a "priority of action" on their accounts, proactively manage likely default exposure, and make more effective decisions about nonperforming assets in a very challenging environment.