Articles by Eric Fox

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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. 
Read More

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.
Read More

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.
Read More