Study: Housing Wealth Increases for Older Americans

Home equity is rising for senior citizens

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A report by the National Reverse Mortgage Lenders Association (NRMLA) announced that homeowners ages 62 or older saw their home equity increase by a combined 2.4 percent, or $6.42 trillion, in the second quarter of 2017. This is up from $6.27 trillion in the first quarter of the year. The report also notes housing wealth for retirement-aged homeowners was driven by an estimated 2.1 percent (or $162 billion) improvement in senior […]

HOMBUYERS ARE THINKING ‘SMALL’

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A new study by PwC and the Urban Land Institute is out, and the Emerging Trends in Real Estate for 2018 point to a penchant for smaller homes and secondary cities. Homebuyers and real estate investors are attracted to these less flashy outposts, the study notes, because they are relatively affordable and typically have a […]

Wondering Where to Source Business? Use Pre-Mover Indicators

  You don’t have to be Sherlock Holmes to know that smoke is generally a key indicator that fire is near. Just as you don’t have to spread your time, attention and efforts equally among potential borrowers when some are likely to yield better results – and in shorter time – than others. Instead, you […]

Are You Familiar with Your Loan’s ‘Co-stars’?

Every leading actor has a supporting cast that makes their job a little easier, allows them to shine a little brighter and enhances their big moments in the spotlight. While mortgages may not be as glamorous as the lights of Hollywood, co-borrowers – or co-stars – can be integral to many loan applications and should […]

Google Data Shows Home Buying Searches are On the Rise

About 44 percent of searches within the mortgage category were for “first-time buyer mortgages.” This search term was up 11 percent from 2016, when interest rates were much lower!

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Technology can be grand sometimes. This is especially true when you’re able to “pull back the curtain” on a certain population of people – say, prospective homebuyers – to get into their heads and see what they really think about this subject. That’s exactly what Google did recently. The search engine giant collaborated within the […]