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Veros Reports Home Prices Set to Increase 7% by the First Quarter of 2022

Press release content from Globe Newswire. The AP news staff was not involved in its creation. Veros Reports Home Prices Set to Increase 7% by the First Quarter of 2022 Veros Real Estate SolutionsApril 7, 2021 GMT SANTA ANA, Calif., April 07, 2021 (GLOBE NEWSWIRE) Today Veros Real Estate Solutions, an industry leader in enterprise risk management and collateral valuation services, released its Q1 2021 VeroFORECASTSM data that anticipates home price appreciation will increase significantly during the next 12 months in the 100 most-populated markets. Veros is committed to the data science of predicting home value based on rigorous analysis of the fundamentals and interrelationships of numerous economic, social and geographic variables as they pertain to home value. This data-driven approach indicates that many of the top-performing cities are trending upwards at a double-digit rate.

Recommended MSA Change Upsets Some Arkansas Cities

Send Four Arkansas cities and their surrounding areas face demotion and possible economic repercussions if a proposed statistical change is adopted by the federal Office of Management & Budget. The OMB received the recommendation from a study committee to double the core population required for designation as a metropolitan statistical area from 50,000 to 100,000. The recommendation was publicized in January just before President Joe Biden’s inauguration and a public comment period ended in mid-March. If the population threshold is changed, current Arkansas MSAs that are based around Hot Springs, Jonesboro, Pine Bluff and Texarkana would be redesignated as micropolitan statistical areas. While the Jonesboro and Texarkana MSAs have total populations of more than 100,000, the designation requires a core urban area usually a single city to be over the minimum threshold, currently at 50,000.

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