MReport February 2018

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46 | TH E M R EP O RT O R I G I NAT I O N S E R V I C I N G DATA G O V E R N M E N T S E C O N DA R Y M A R K E T THE LATEST DATA The Northwest Is on a Roll The U.S. housing market continues its strong growth with all factors pointing towards an overall annual forecast appreciation. T he U.S. housing market continues its strong growth with all factors pointing towards an overall annual forecast appre - ciation of 4.2 percent, according to Veros Real Estate Solutions (Veros), a collateral valuations services provider. The VeroFORE - CAST, the company's quarterly real estate market forecast for the 12-month period ending December 2018, expects only 3 percent of the markets to depreciate. The forecast throws up some interesting trends and has predicted boom time for the Northwestern region of the U.S., with Washington leading the way. It indicated that parts of California are starting to see an uptick in appreciation with top- performing markets such as San Diego, San Jose, Los Angeles, and Sacramento expected to appreci - ate in the range of 7.5 percent to 8 percent. On the other hand, Dallas and Austin markets in Texas are softening and dropped 1 percent in forecast appreciation. "Washington is set to boom— occupying all of the Top 5 market spots. Seattle is at No. 1 with expected appreciation of 12 percent followed by Bellingham, Bremerton, Kennewick, and Mount Vernon which are all near 10 percent. These markets show no signs of letting up as supply of homes is exceedingly low and populations continue to grow," said Eric Fox, VP of Statistical and Economic Modeling at Veros. While all eyes are trained on the Northwestern region for quick appreciations, the Northeast states of Connecticut, New Jersey, Maine, West Virginia, Maryland, Pennsylvania, and New York have some of the weakest housing mar - kets in the U.S., the forecast said. The forecast predicts that high inventory of homes, long-term flat to declining population, and higher than national rate of unemployment are key factors that could lead to a predicted 1.2 percent to -2 percent home price appreciation and depreciation in the Northeast. According to the forecast, Bangor, Maine; Bridgeport, Connecticut; Longview, Texas; Vineland, New Jersey; and Atlantic City, New Jersey, are predicted to be the worst performing markets with home appreciation ranging from -2 percent to -0.7 percent. 813.387.1100 | INFO@MCS360.COM | MCS360.COM PROPERTY INSPECTIONS | PROPERTY PRESERVATION REO PROPERTY MAINTENANCE | PROPERTY REGISTRATIONS | VALUATIONS SERVICES | TITLE & CLOSING SERVICES When growing our business offerings to meet the needs of our clients we never took our eye off our core responsibility, and that's taking care of the little things for you. The MCS brand was built on customer service and a good work product, and that won't ever change. FOCUSING ON THE LITTLE THINGS IS WHAT ENSURES MCS CLIENTS DON'T HAVE BIG ISSUES.

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