Veros: Modest but Consistent Improvements in Key Markets

The Veros quarterly forecast shows improvements in some hard-hit markets such as California, while continued bad news is reported for Florida.For example, a growing number of coastal areas in California are showing modest signs of appreciation, along with San Diego's Carlsbad and San Marcos sections, which are leading with an expected appreciation of +3.4%. Los Angeles and San Francisco are close behind, even though they were not among the top five in the last quarter. Meanwhile, "The Great Plains region including Texas remains steady." Veros Real Estate Solutions' Eric Fox reports that although there are no overwhelmingly strong appreciating forecasts among the larger metropolitan areas, "the depreciating forecasts are noticeably milder than a year ago." The Santa Ana, Cal., based risk management and collateral valuation services provider also reports its forecast update for March 2010 through March 2011 indicates gradual improvement of property value trends in some markets of key interest.