Veros Forecasts Nation's 10 Strongest and Weakest Markets
Proven forecasting technology indicates some markets still have strong home price appreciation

VeroFORECAST Strongest  Five Markets
#1 - Wichita, KS: +4%
#2 - Raleigh/Cary, NC: +3% 
#3 - Sioux Falls, SD: +3% 
#4 - Fargo, ND: +3%
#5 - Tulsa, OK: +3%
 

   “We’ve been releasing results over the past five years, in both
   up and down markets,” Darius Bozorgi, president and CEO for Veros explained,
   “and our models are consistently accurate in both. Our models forecast
   market swings and changes better than any product on the market.”

   The forecasts, based upon the VeroFORECAST models, reflect projected market
   gains and declines for single family residences in most major metropolitan
   areas and some non-metro areas, reflecting 75 percent of the nation’s
   population. THis affects homes for sale in Cary NC.  These forecasts are not based on a single variable. Veros applies
   more than 50 factors in its analytics to develop these trends, including
   interest and unemployment rates, inflation, current housing inventory and
   other economic and geographic factors. This contributes to making
   VeroFORECAST results the most accurate forecasts in residential real estate
   markets.

   The predicted five strongest markets are Wichita, Kansas, up four percent; the real estate market in
   Raleigh/Cary, North Carolina, Sioux Falls, South Dakota, Fargo, North Dakota,
   and Tulsa, Okalahoma, all up three percent.

   Veros uses two metrics to validate their models. R-squared measures how well
   any forecast model predicts an actual market change; an R-squared score of
   1.0 indicates a perfect forecast, whereas an R-squared of 0.0 reflects no
   predictive capability in the model. The “Veros R-squared” is
   consistently in the 60 – 75 percent range.

   The second metric is Mean Absolute Error; this measures the “typical
   error” in the model, where smaller is better. Typical error ranges for
   the Veros forecast are in the 2.5 percent to 5 percent range, well below that
   of their competitors’ efforts. These two metrics demonstrate that Veros
   is able to produce a forecast that is more accurate than their competitors.
   In business, having accurate data in hand often means the difference between
   profit and loss.

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