Veros Predicts Hot and Cold Markets

Veros, Santa Ana, Calif., has released the results of its quarterly forecasting of the nation's real estate markets, predicting the 10 hottest and coldest markets for the next 12 months.According to Veros, the 10 markets in its coverage area that will see the greatest home price appreciation over the next 12 months are: Seattle, with an 11% rate; San Bernardino County, Calif., 9%; Jacksonville, Fla., 9%; Raleigh/Durham, N.C., 8%; Tampa, Fla., 8%; Tucson, Ariz., 7%; Riverside County, Calif., 7%; Oakland, Calif., 7%; Los Angeles, 7%; and Nashville, Tenn., 7%. Among the markets expected to show the least home price appreciation over the next 12 months are: Sacramento, Calif., minus-2%; Memphis, minus-1%; Boston, 0%; Cleveland, 0%; and Detroit, 0%. Veros also released performance statistics for its forecasts for each of the previous three years, indicating that its automated home valuation analytics are highly accurate. Veros, a risk management and collateral valuation services vendor, can be found on the Web at http://www.verovalue.com.