There aren't many as down on housing prices for the next 12 months than Veros Real Estate Solutions.

Its 2022 Q4 VeroFORECAST anticipates home prices will turn negative overall and depreciate on average by -0.5% for the next 12 months.

In what the firm said is a "significant drop" from the 1.5% annual appreciation forecast just one quarter ago, its chief economist, Eric Fox, shared that this is the first time in over a decade that Veros' average house price forecast has gone negative.

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