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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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August is the New May For Home Sales

Rather than a typically busy spring home-buying season, the COVID-19 pandemic pushed the bulk of home-buying this year into the summer months, and real estate agents are busier than ever. According to the National Association of Realtors, contract signings kicked off strong in August, with the most contract signings last week in the Midwest, at […]

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7 Client Behaviors Emerging From COVID-19

As the effects of the pandemic continue, nine in 10 REALTORS® say their housing markets are in recovery mode, with many even saying their markets are hotter now than a year ago, recent member surveys from the National Association of REALTORS® show. “The delayed spring market is definitely occurring now in the summer months,” says […]

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Reverse Mortgages: Will we see a boom?

Over the past three months, the stock market has been on a roller coaster. Investment portfolios have followed suit, which could be particularly concerning for those who are counting on those funds for retirement. Read more…

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Seniors Look to Reverse Mortgages as a Lifeline

With coronavirus shutdowns wreaking havoc on the global economy, investment portfolios are also getting battered. The S&P 500 is down more than 10% since the start of the year. While that’s unpleasant for most investors, it’s especially devastating for retirees who count on their investments for income. And when those declines come at the beginning of […]

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Increase Your Buyers’ Purchasing Power

Are you a builder or real estate professional with senior clients eager to move out of their current homes and into new ones — if only they could do it in such a way that they didn’t have to exhaust all or most of their home sale profits or retirement savings? If you have clients […]

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CFPB Takes Action on Housing Matters

The Consumer Financial Protection Bureau (CFPB) has taken several actions this week in an effort to assist consumers affected by the COVID-19 coronavirus pandemic with housing matters, including issuing a final rule on data reporting thresholds under the Home Mortgage Disclosure Act (HMDA), and partnering with the Federal Housing Finance Agency (FHFA) on a borrower […]

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