The housing market has increasingly discouraged young people from buying homes. A June 2022 survey by Money and Morning Consult found that given the state of the housing market over the past two years, 48% of Generation Z and 44% of Millennials report that they...
Existing-home sales fell to another record low in September as the housing market continues to undergo an adjustment due to the continuous surge in interest rates, the National Association of REALTORS said Thursday. Total existing-home sales in September declined for the eighth consecutive month, down 1.5%...
Just in! September 2022 reports have been released from Florida Realtors® detailing recent real estate activity in St. Lucie County. The reports compare year-over-year data. Here are statistics on single-family homes. The upward trend continued in September, with the year-over-year monthly supply of inventory reaching 2.8...
Karen Surca, of MPA, sat down with Christian Mills, head of financial advisor relations with RMF, to discuss the growing popularity of reverse mortgage options for the older American demographic, and why this mortgage option should be viewed as a key retirement tool. Once viewed with...
The difficult economic situation has hammered the 4% rule – a longstanding guide for retirees looking to sustainably spend down their assets – according to the rule’s creator High levels of inflation and high stock valuations mean that any retiree following the longstanding “4% rule” –...
Options for bringing in cash after someone has closed the book on a career can be limited, but for those willing to entertain the option with a clear path to a material benefit, a reverse mortgage could provide one such path to new cash flow...
“If you’re regularly paying your rent on time, that’s a good indication you will also pay your mortgage on time,” says the Federal Housing commissioner. The Federal Housing Administration published a letter to lenders on Tuesday urging them to consider including a borrower’s positive rental payment...
Not only are aging and the financial options available to seniors becoming more complicated, but bad actors aiming to take advantage of seniors are becoming more sophisticated While there has been an ongoing debate about how much education in financial matters should be bolstered for younger...
What Was the Reverse Mortgage Saver Program? The reverse mortgage saver program was an initiative that was introduced in 2010 by the U.S. Department of Housing and Urban Development (HUD) to offer an alternative to the standard home equity conversion mortgage (HECM), which is a reverse...
Home prices continued to tumble in August, dipping 0.98% nationally as another three-quarter interest rate hike by the Federal Reserve brought balance to supply and demand. Home prices dropped 0.98% in August, down from the upwardly revised 1.05% monthly decline in July, according to Black Knight. The two...
