Eric Fox

Eric Fox

Eric Fox is VP of Statistical and Economic Modeling at Veros Real Estate Solutions. Fox received his M.S. in Statistics and B.S. in Mathematics and Economics from Purdue University, and has 30 years of industrial experience in statistical and econometric modeling, probabilistic life methodology development, statistical training, probabilistic design software development, and probabilistic financial/competitive analysis.

ARTICLES

  • [Pulse] Homeowners in these markets are seeing their property values decline

    For most of the country, home prices are seeing gains, but not here
    In the next year, 5% of U.S. markets are predicted to depreciate, with Louisiana holding on to its title as the state with the most depreciating markets, claiming four of the 10 spots on the bottom markets list. Here is a list of the markets expected to see the greatest depreciation in the coming year.
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  • [Pulse] Here's what New York real estate will look like in the year ahead

    Nation's largest real estate market expected to be flat in 2020
    With an estimated population more than 20 million, the New York-Northern New Jersey-Long Island Metropolitan Statistical Area is by far the nation's largest metro – nearly 50% larger than the runner-up. That also means that this metro, home to one in 16 Americans, is the nation's largest real estate market. So, what's happening in this market is perhaps a snapshot of things to come for the rest of the nation’s major markets. Sadly, it doesn't look great.
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  • [Pulse] This state has more depreciating housing markets than any other

    Unemployment drives down home prices in this Southern state
    In most parts of the country, home prices are appreciating, albeit at a slower pace than before. But in 5% of metros, prices will depreciate up to 1.9% in the coming year. Here is a list of the bottom 10 MSAs, or those with home prices that will depreciate the most in the next 12 months.
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  • [Pulse] These 10 markets will see the most home-price growth in the next year

    Only 1 major market makes the list
    Ten markets will see residential property values rise an average of 7.85% in the next year – more than twice the 3.7% rate projected for the rest of the country. But while this might sound great, the average growth of the top 10 is a half-percent drop from the 8.3% we projected last quarter. This is part of a softening that, while significant, is simply a slowing down of most markets.
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  • [Pulse] Here are the 10 markets where home prices will rise most in 2019

    This year will see significant price softening in the West
    After nearly two years of continuous projected year-over-year increases in nationwide residential real estate appreciation, we predict that properties in the largest 100 markets will appreciate at just 3.9% in the coming year. Increasing housing supply and rising interest rates will be key contributors to the softening of the market.
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