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30 Exceleras is a leading provider of real estate transaction management software solutions for banks, servicers, sub servicers, capital market groups, and other mortgage industry professionals. Exceleras software-as-a-service (SaaS) solutions include the DispoSolutions Real Estate Owned (REO), ValueSolutions (Collateral Valuations), and ClearView Offer Management platforms. The systems can be used together or a la carte. » Robust online real estate management software encompassing a nationwide network of real estate professionals » Consumer facing real estate listing portal connecting Buyers and Sellers » Standard, ad hoc and customizable reporting and quality assurance tools » Easily integrated with other platforms (System of Record, etc.) » True automated workflow for exception based management » No start-up cost with quick setup and training www.exceleras.com | 698 Vernon Avenue, Glencoe, IL 60022 | Phone: 847-716-5465 | Support: 847-716-5430 | Email: info@exceleras.com Smarter Software. Better Outcomes. Faster Information. Michael Harris President CITIES WHERE 50 PERCENT OF HOUSEHOLDS CAN'T AFFORD A HOME Homeownership is likely to be out of reach for more than half of the households in many large cities, according to a study published by the personal finance resource GoBankingRates in January. GoBankingRates used the median home listing price in the 100 biggest cities across the U.S. to figure the monthly mortgage payment. Using the rule of thumb that no more than 30 percent of income should go toward housing, they calculated the income needed to afford a mortgage in those cities and then compared this income to the number of households with income equal to or greater than that amount. Out of the 100 largest cities in the U.S. the study ranked the ones where homeownership was out of reach for more than 50 percent of households. e study found that six of the top 10 cities with the highest percentage of households that can't afford a home are in California, due to its high real estate prices. erefore it comes as no surprise that San Francisco with a median listing price of around $1.19 million and 76.7 percent of households that can't afford a home topped the list. San Francisco was followed by Boston, which had a median listing price of $725,000 and 75.7 percent of households that can't afford a home. Miami (median listing price $450,000; 74.3 percent households), Long Beach, California (median listing price $549,000; 73.5 percent households), and Los Angeles (median listing price $749,000; 72.9 percent households) rounded up the Top 5 list. Ranked No. 10, New Orleans was a surprise entry on the final list with a median home price of $300,000 but with 65.4 percent of households that can't afford a home because of lower wages. Other cities that made it to this list include New York; San Jose, California; San Diego; Oakland, California; Dallas; Denver; Washington, D.C.; Houston; Seattle; Nashville, Tennessee; and Atlanta. of homebuyers paid more than the list price on home sales in 2017. Source: Zillow Report released January 2018 STAT INSIGHT 24%