As foreclosures turn former homeowners into renters and new buyers stay on the sidelines, the apartment sector relishes its nascent recovery. Increased demand begat higher occupancy rates and rents, as well as new construction despite lingering headwinds from a sluggish economy. Homeownership — long considered the quintessential American dream — is at a 13-year low, but apartment growth, which was also hurt with the economic downturn, is seeing a comeback of sorts.
Rethinking the dream
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Kristen Sieffert leads the reverse mortgage presence at The Gathering
FOA’s president spoke about bringing reverse mortgages into the mainstream at the event in Scottsdale, Arizona.