With more lenders integrating artificial intelligence and machine learning into their business practices, Fannie Mae has released a survey that tackles industry sentiment across about the advent of AI.
Read More »Younger Loan Applicants Choosing to Remain ‘Conventional’
Anyone looking to understand the housing market would do well to heed data on homebuyers and borrowers who make up the essential millennial age-group. A new report found pinpoints the types of loans this demographic is seeking.
Read More »Where You Can Find The Biggest Homes
New list ranks cities by the average size of homes. Find out where the biggest homes are by clicking here.
Read More »The Power of Homebuyer Choice
According to a new report, while affordability and low inventory are still concerns for homebuyers, new signs may point to easing in the market.
Read More »As Unemployment Drops, What does it mean for housing?
The good news is that in April, the unemployment rate fell below 4 percent, a first since 2000, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. So what’s the bad news?
Read More »What’s Next for Affordable Housing?
With home prices rising so fast, some buyers may find it hard to keep up. In many areas, home prices have outpaced incomes. While so many may be unable to afford a home in their area, where will potential buyers be able to purchase in the near future?
Read More »How Technology is Shaping the Industry
As the technology conversation in the mortgage industry heats up, many companies are attempting to meet industry demands and adopt streamlined industry processes. Today’s companies are driven by creativity and innovation and are fostered by client success. MReport spoke to James Vinci, VP and Chief Technology Officer at Equator, about what mortgage professionals can learn from other industries and what technology trends are having the most impact today.
Read More »Migration Trends Show Houston as Top City
Houston, Chicago, and San Antonio are ranked as the top domestic markets for incoming movers. Its job opportunities and diverse industries keeps Houston at the top of the list for the eighth year in a row. Data trends also list the other top 10 cities movers are headed to.
Read More »Potential Buyers Step Back Even as Mortgage Rates Decline
Potential buyers could be taking a temporary step back from the housing market as the volume of mortgage applications declines even though fixed and adjustable rates continue to fall. Yet, even taking into account the current decline, mortgage rates remain higher than they were a year ago. The average loan size for applications that have been pushed through has also reached a new high.
Read More »Could Dream Homes be a Thing of the Past?
A new analysis of data on the Custom Built Home Market reports that the growth of the market share of custom built homes has slowed yet still remains in fluctuation. The past four quarters, ending in Q1 of 2017, record a two percent increase in the number of custom home starts nationwide compared with the previous four quarters. Experts predict the market will continue to fluctuate in the coming quarters.
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