The mortgage industry’s leading provider of document production announced how it plans on having the majority of its clients fully prepared to meet upcoming GSE requirements for both phases this year.
Read More »Top 5 Cities With Greatest Home Purchase Power
Recent data reveals homebuyers are paying more and getting less this season. Finding a great deal on a home could be a challenge, but some cities have a more attractive market than others.
Read More »Are Big Changes on the Horizon for the Enterprises?
Two Senators could be drafting legislation to split up Fannie Mae and Freddie Mac, according to Bloomberg. The move would be made in an effort to increase competitiveness in the secondary mortgage market. What's their plan, and how might it affect the secondary mortgage market?
Read More »Hottest HPI Cities in the Country
Home prices are appreciating all over the country—and some places are hotter than others. Read on to find out where the best cities are in the country are, and which ones to stay away from.
Read More »HUD: New Home Sales Above Estimates
The HUD and the Census Bureau released their May New Home Sales Report, above prior estimates. Read ahead to see current projected inventory supply, as well as the median and average home prices…
Read More »With Apartment Living on the Rise, Where Does That leave the Single Family Market?
More investors are putting stake in multifamily homes like apartments and condominiums, but how many people are living in them? In the wake of low inventory in the single family market, are potential homebuyers going to continue to rent, or wait for their dream home?
Read More »Places of Interest—10 Hotspots for Million Dollar Homes
With housing prices continuing to climb, and the housing shortage steadily creeping forward, more metros are seeing a significant majority of their homes hit the million dollar mark. And while that doesn’t necessarily mean homebuyers get less for more, it does mean that “affordable” housing in certain highly desired areas of the country might come with an extra zero on its price tag. See what metros had the largest share of million dollar homes.
Read More »Home Prices Surge . . . but Why?
Home prices spiked again, according to the May 2017 Existing Home Sales Index. Total unsold inventory saw a slight uptick compared to April 2017, but is still relatively low, and median home prices are continuing to rise. Seasonally adjusted, there were 5.62 million existing homes for sale, a small increase from April 2017, but how long will this trend sustain itself?
Read More »Cost of Living Rises in Tandem with Home Prices
Cost of living is on the rise across the country, according to a report released on Monday that lists the top 10 cities in the country with the fastest rate of increase in the cost of living over a one year period between 2016 and 2017. The study used two main metrics to rank the cities: the increase in the cost of living index—food, rent, utilities, and transportation costs. It also measures the increase in the amount of income that was needed to “live comfortably,” which is defined by the amount of money a household has to make in a year to account for necessities, savings, and discretionary spending.
Read More »Purdy Selects FotoNotes as Technology Solution
Purdy Enterprise has selected FotoNotes as its technology solution for managing property inspections, maintenance work orders and other field service activities. FotoNotes’ mobile app and cloud platform solution provides companies full visibility and control of HUD FSM inspections, work orders, and field service operations. FotoNotes also provides solutions for a wide variety of other use cases, including estimating, construction, renovations, and turns.
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