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Homeowners $2 Trillion Richer in First Three Months of the Year

Homeowners are getting richer and richer as prices keep soaring – and the numbers are staggering. Those with mortgages, about 62% of all properties, saw their equity jump by 20% in the first quarter from a year earlier, according to CoreLogic. Read More…

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Baby Boomers Reassessing Retirement During Pandemic

Baby boomers who are downsizing have had to delay their plans and reassess during the pandemic. The consideration now has become proximity to adult kids and grandchildren, some even giving up their dreams in what they were going to do in retirement just to be near family. Read more…

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Senior Housing at Record High

Homeowners 62 and older saw their housing wealth grow by three percent or $234 billion in the fourth quarter to a record $8.05 trillion from Q3 2020, according to the latest quarterly release of the NRMLA/RiskSpan Reverse Mortgage Index (RMMI). Read more…

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Closing the Price Gap

HECMWorld’s latest podcast goes into detail on closing the price gap when buying a home with a reverse mortgage. The topics discussed in the podcast can show you how you can help your clients increase their purchasing power with Home Equity Conversion Mortgage loan, which in turn will increase your commission. Listen here…

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What the Housing Market Will Be Like in 2021

We left 2020 with the housing market on fire, with record-low mortgage rates and a sudden wave of relocations made possible by remote work. Home prices have now pushed new boundaries as buyer demand continues to surge. Read more…

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Reverse Lending Limit Increased to More Than $822K

The Department of Housing and Urban Development has announced the maximum claim amount of federally backed reverse mortgages will be increased to $822,375 for 2021. Read more…

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Talking Reverse Mortgages With Your Clients

Real estate professionals can provide a valuable service to seniors considering reverse mortgage loans. This option can be a lifeline for eligible seniors clients who could use additional funds to pay for pre-sale repairs on their home or to buy a new principal residence. Read more…

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More Homeowners House Rich as Equity Rises

Despite the economic turmoil of the pandemic, home equity continued to climb in the second quarter of 2020. According to new analysis by CoreLogic, a property data analytics provider, the average homeowner has gained $9,800 in equity and negative equity fell 15% between the seconds quarters of 2019 and 2020. Read more…

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Real Estate Prices Continue to Surge in America

The US housing market is continuing to make strides since the month of July, as home value growth is steadily increasing. The typical home price in America grew 4.5% to $253,527 in July, according to a market report released from real-estate database company Zillow. Read more…

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Senior Housing Wealth Hits Record High of $7.54 Trillion

Homeowners aged 62 and older saw their collective housing wealth increase in Q1 2020 by 1.6% compared to the previous quarter. This constitutes an increase of approximately $120 billion to a record of $7.54 trillion. Read more…

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