California dominates forecast for best-appreciating markets.

Position:NEWS ROOM - Veros Real Estate Solutions
 
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* Santa Ana, California-based Veros Real Estate Solutions released its latest VeroFORECAST for the 12-month period ending Sept. 1, 2014, and four out of the five strongest markets for price appreciation are in California.

The company said the report shows "the real estate recovery in California has kicked into high gear."

The five strongest markets based on projected home-price appreciation during the next 12 months are: San Francisco-Oakland-Fremont, CA (+15 percent); San Diego-Carlsbad-San Marcos, CA (+10.8 percent); San Jose-Sunnyvale-Santa Clara, CA (+10.6 percent); Los Angeles-Long Beach-Santa Ana, CA (+10.5 percent); and Phoenix-Mesa-Scottsdale, AZ (+10.4 percent).

Veros noted that only 5 percent of the country's housing markets are expected to show depreciation in the coming 12-month period covered by the latest forecast. That compares with 10 percent in the last report.

Veros' future home-price index (HPI) forecast indicates that on average for the top 100 metro areas, appreciation over the next 12 months is expected to be 4.8 percent. The company said this is the fifth consecutive quarter where the index has shown forecast appreciation.

"The national split between appreciating and depreciating markets, at roughly 95:5, respectively, continues to be a positive trend from the last several quarterly updates," said Eric Fox, Veros' vice president of statistical and economic modeling and author of VeroFORECAST.

The projected five weakest housing markets in the latest...

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