Articles by Eric Fox

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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This market is about to see a housing downturn

Which city and surrounding MSA rank fifth lowest in VEROForecast?
With a projected -0.6% drop in home prices over the next year, Peoria and its surrounding MSA ranked the fifth lowest on Veros Real Estate Solutions VEROForecast for this year. Veros' Eric Fox explains that a recent move by manufacturer Caterpillar to relocate its headquarters from Peoria to Chicago may be the cause.
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Rolling the dice on Atlantic City

To quote Springsteen, "maybe everything that dies someday comes back."
The Atlantic City-Hammonton, New Jersey Metropolitan Statistical Area boasts a legendary boardwalk and coastline but is now as well known for its bankrupt casinos. And, rather than a growing population with an expanding economy, the region remains on a downward trend, with a projected -2.9% depreciation.
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Mile-high appreciation

Veros' Eric Fox takes a look at the high-performing area of Denver-Aurora-Broomfield
Whether it's ranking America's highest rates of real estate appreciation or just its highest real estate, Washington and Colorado are top of the heap. Those states, which coincidentally have eight of the 10 highest peaks in the continental U.S., have six of the 10 Metropolitan Statistical Areas topping the most recent VeroFORECAST projections from Veros Real Estate Solutions. This week, Veros' Eric Fox takes a look at the high-performing area of Denver-Aurora-Broomfield.
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King County is king, and counting

Seattle continues to lead in home price growth
Seattle's rate of real estate appreciation has topped the national charts for more than a year and, based on the latest quarterly forecast from Veros Real Estate Solutions, will stay there for the next 12 months. Here is a breakdown on real estate growth in Washington's King County.
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Predicting real estate depreciation

Projected value of real estate is constantly changing
[Op-ed] The projected value of real estate is constantly changing. However, carefully researched, reliable projections always have value for real estate and mortgage professionals. There are many reasons for this, but among the most vital are that this data can help lenders anticipate risk and facilitate loan portfolio management.
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Here's how predicting housing cycles improves mortgage lending

A new service provided to LendingLife
For lenders, having reliable data-driven predictions is essential for a range of decisioning: determining reliable loan-to-value (LTV) thresholds; examining risk at origination; understanding at-risk portions of a portfolio for acquisition or loss-mitigation purposes; improving servicing strategies in situations of default, REO or short sale; and understanding and identifying suitable loan modification options to avoid additional risk for troubled homeowners.
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