Veros Predicts Hot and Cold Markets

Veros Real Estate Solutions, Santa Ana, Calif., has released the results of its quarterly forecasting of the nation's real estate markets, predicting the five hottest and coldest markets for the next 12 months. According to Veros, the five strongest markets in its coverage area over the next 12 months will be: Wichita, Kan., with a 4% appreciation rate; and, all with a 3% rate, Raleigh/Cary, N.C.; Sioux Falls, S.D.; Fargo, N.D.; and Tulsa, Okla. The weakest markets are forecast to be: Riverside/San Bernardino, Calif., down 15%; Modesto, Calif., down 15%; Palm Bay/Melbourne/Titusville, Fla., down 14%; Cape Coral/Ft. Myers, Fla., down 13%; and Sacramento/Roseville, Calif., down 12%. Veros, a risk management and collateral valuation services vendor, can be found on the Web at http://www.veros.com.