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] 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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  • Here are the 10 MSAs with the lowest appreciation

    VeroFORECAST predicts 7 out of 10 markets will see property values decline
    [Expert commentary] The latest VeroFORECAST report shows that 351 Metropolitan Statistical Areas will experience property appreciation in the next year. But, of the bottom 10 MSAs, seven will see values decline between -0.2% and -2.2% in 2019. The two most troubled markets? Farmington, New Mexico, and Vineland-Millville-Bridgeton, New Jersey.
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  • This real estate market will see almost 12% in appreciation

    This Washington state MSA is projected to lead in appreciation
    According to the latest VeroFORECAST, this MSA is projected to see 11.7% appreciation for single-family residences and 11% appreciation for condos and townhomes and its market remains one of the strongest markets in the country, with its extremely low 1.4-month supply of homes struggling to fill the demands of its growing population.
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