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

  • Bottom's up: Here are 10 markets projected to see depreciation

    See which markets are projected to depreciate or stay the same
    Veros' Eric Fox breaks down the U.S. markets with lowest projected appreciation. Of the previous quarterly report's 10 MSAs predicted to depreciate or remain unchanged over the next year, seven moved up and out of the bottom list this quarter. Read more to find out which markets made the list.
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  • Is real estate appreciation shifting west?

    Forecasts of higher real estate appreciation continue to tilt west
    Just as America's population growth moved west from the Atlantic, real estate appreciation is trending in that direction, too. According to projections from Veros released last month, a graph of the nation's highest-appreciating Metropolitan Statistical Areas through May 2019 might look like a wave cresting towards the West Coast.
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  • This MSA is leading in real estate appreciation

    Real estate values to continue rising
    The latest VeroFORECAST report predicts a slight uptick in the national average of real estate appreciation, while this MSA remains in the lead for appreciation for the second quarter. Check out Veros VP of Statistical and Economic Modeling Eric Fox's breakdown of the data.
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  • Property values will rise modestly in this MSA

    Third-largest MSA to see increase in appreciation
    According to the most recent VeroFORECAST from Veros Real Estate Solutions, this sprawling MSA not only ranks behind New York and Los Angeles in terms of population, but also in its predicted real estate appreciation through March 2019. Read on to learn more about this MSA.
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  • The art of real estate appreciation

    In this coastal MSA, rising property values go with its cultural scene
    Many things contribute to the coastal California MSA of San Diego-Carlsbad-San Marcos. In addition to its near-monotonous temperate climate, growing economy, point-of-entry position, the huge Marine and Naval installations that are again benefiting from increased military spending, the area boasts a quality of life that continues to attract homebuyers and push home prices higher.
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  • Greater Austin should keep getting great property values into 2019

    Appreciation for the Heart of Texas
    [Expert Commentary] For some time, the Austin area has also been able to lay claim to an upward trending economy that currently includes projected real estate appreciation of 5.4% over the next year. With a current supply of homes that has been inching up, and now stands at 3.3 months, the rapidly growing metro area is certainly likely to keep the Lone Star state popular with lenders.
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  • Boise poised at the right angle for housing growth

    Idaho's biggest MSA mixes population growth and low unemployment for strong projected appreciation
    Treasure Valley, indeed! The data used for the VeroFORECAST shows the Boise-Nampa MSA has a very tight 1.7 months supply of homes, meaning that if no listings were added and demand continued at the current rate, everything currently for sale would be gone in about seven weeks. 
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  • The mixed property bag for Bridgeport-Stamford-Norwalk

    Connecticut's largest MSA is rising in value as it drops slightly in population
    The Bridgeport MSA is by no means a poor area. Per capita income is $52,344, about 25% higher than its state, which is $41,087 and 150% that of the average for the nation, which is $31,128. Its median household income of $90,123 is also about 25% higher than Connecticut's as a whole and roughly 1.5 times that for the U.S.
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  • This Florida metro is predicted to see a rising tide of appreciation

    Which Gulf Coast metro is predicted to see measured appreciation this year?
    This market has a modest supply of homes at 4.5 months and is expected to experience good appreciation over the course of the next year thanks to its healthy 10% population growth it has experienced over the last decade. Where is it? Click to find out.
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