While majority of the neighborhoods across the nation have largely recovered from foreclosure crisis, the rising cost of living and owning a home continues to be a growing challenge.  The Housing Affordability Index (HAI) measures whether a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional...more

Today, SP Group’s Pratima Damani and Alyssa Spina released a white paper on an assessment of housing counseling needs in collaboration with Summit. During this assessment, we examine the type of housing counseling likely to be in demand during the next few years based on anticipated challenges affecting homeowners. This white paper presents our findings, focused...more

SP Group’s CEO, Pratima Damani recently attended the presentations at DATA Act Hackathon held at the Booz Allen Hamilton’s Innovation Center in Washington.  At this event, one of the panelists from Treasury Department commented that “….tying together data points helps tell a clearer picture about the government.  For example, the government gives out loans to help stimulate the economy....more

Every month there are many articles and think pieces published regarding millennial spending habits and home buying. The articles encompass a wide range of ideas including commentary on perceived frivolous spending vis-à-vis avocado toast or the latest business negatively impacted by millennial spending habits. I am a millennial in the market to buy a home, and I see...more

Analysis of massive volumes of data is burdensome and expensive, yet incredibly important to strategic decision making. Enter the index – an easy to understand alternative to analyzing raw source data. SP Group introduces our Neighborhood Distress Index (NDI). An index is way to condense multiple variables into just one indicator without losing depth. An index...more

Featured in National Mortgage News (see the article here) There are 39 counties included in the Hurricane Harvey Presidential Declared Disaster (PDD) Areas. While all of these counties were affected by the hurricane, the impact to property damage varied across neighborhoods within the counties. Some neighborhoods experienced a more significant destruction to properties than others....more

KHOU 11 Investigates teamed with SP Group on a segment identifying the impact on the Texas housing market should the National Flood Insurance Program lapse. We found nearly 216,000 homes in Texas sit in floodplains. Nearly half of those, or 105,000 homes, are in the greater Houston area. The clock is ticking toward a deadline that would...more

The Department of Housing and Urban Development (HUD) allocated $5 billion in Community Development Block Grants Disaster Recovery (CDBG-DR) funds to the State of Texas for the purpose of assisting in long-term recovery from Hurricane Harvey. HUD requires that 80% of these funds, or $4 billion, must be expended in HUD-identified “most impacted and distressed areas”, which are the...more