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Tracking Boomers Who Move Near Grandchildren

A quarter of baby boomers, the generation born between 1946 and 1964, will use retirement as an excuse to move closer to their grandchildren, according to Meyers Research. Some are even willing to move across state lines. Learn more…

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Existing Home Sales on the Rise

In May, existing home sales rose for the first time since March, according to the latest report from the National Association of Realtors. Total existing home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – climbed 2.5% from April to a seasonally adjusted rate of 5.34 million in May. Sales were 1.1% below May 2018’s rate. Keep […]

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Zip Codes that Hold the Most Home Equity

More than a quarter of mortgaged properties in the U.S. were rich with equity in the first quarter of 2019. This is down just one half a percent from the previous quarter, ATTOM Data Solutions revealed in its latest Home Equity & Underwater Report. It’s also slightly less than the percentage of equity levels seen one […]

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The 55+ Housing Market is Booming

According to the latest from the National Association of Home Builders, builder confidence in the 55+ market reached 76 in the first quarter of 2019 – up six points from the previous quarter and the highest score since the index started more than a decade ago. Keep reading…

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5 Actionable Tips on Building a Real Estate Personal Brand

I got into the mortgage business in 2008, possibly the worst year for the financial markets. I was armed with three people in my sphere of influence and $1,900 in capital. Five years later, I was named among the top 200 loan officers in the country. While most successes can’t be attributed to just one […]

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Another Sign the Housing Market now Favors Homebuyers

As the housing market continues to slow, it’s becoming more evident that the nation’s homebuyers are benefiting from the cool down. In fact, according to a recent report from Redfin, the share of winning offers written by Redfin agents that included a sale contingency climbed to 7.1% in February. February not only marks a five-month […]

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The most and least expensive places to live in America

America’s big coastal cities are really expensive. The Bureau of Economic Analysis recently released data on personal income and the cost of living in 2016 for metropolitan and nonmetropolitan parts of states, including the relative cost of living in different parts of the country. Regional price parity is an index that sets the national average cost of […]

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Who uses a reverse mortgage to purchase a house?

It’s safe to say that many people know that a reverse mortgage is a loan that can be used by a older homeowner who wants to extract the equity in their house. But what many people don’t know is that there is a type of reverse mortgage that can be used to purchasea house. And while […]

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Why Seniors Choose the HECM for Purchase

Lifestyle, ease of upkeep, and proximity to family are main criteria for seniors who choose a Home Equity Conversion Mortgage for Purchase loan, many originators agreed. Christina Harmes, assistant manager for C2 Reverse in San Diego, said she has clients looking to upsize, downsize, move to the city or relocate to the country, but most […]

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1 in 3 U.S. Households Will be 65+ by 2035

The statistics about the waves of baby boomers turning 65 each day are old news to anyone who works in a senior-focused industry. But a new report from Harvard University adds a new twist to measuring the coming wave of American seniors: In 2035, households with members aged 65 and older will account for a […]

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