January 18, 2014 11:15 am
January 17, 2014 11:15 am
Note: “Boomerang buyers” are former homeowners who have gone through a short sale, foreclosure, or bankruptcy in the past few years and are saving up for a down payment to purchase a home again.
January 16, 2014 11:15 am
We already know from NAR that 1 in 4 home sales in 2012 involved a seller over the age of 65. It’s also no secret that the aging population is growing rapidly, creating the commonly referred to “Senior Tsunami.”
With this massive demographic shift and impending related changes in the real estate market, agents have little choice but to expand their knowledge base in order to better serve this aging clientele and the buyers of their homes.
There seems to be a lot of curiosity (and skepticism) these days around the reverse mortgage products on the market and whether or not agents should familiarize themselves with them.
Of course, we have all seen the infomercials featuring Fred Thompson, Henry Winkler, and others touting the many virtues of the Reverse Mortgage for older homeowners, but why should real estate professionals learn about them?
January 15, 2014 11:15 am
January 14, 2014 11:12 am
Many pundits are warning that there will be a drop in real estate values because mortgage rates are beginning to increase. The logic makes sense. However, history shows that increasing rates have not negatively impacted home values in the past.
Four times over the last 30 years mortgage interest rates have dramatically increased. Here is the impact the increases had on home values at the time: