Understanding Today’s Connected Borrower

Sign up for this webinar to learn how to transform the borrower journey from transaction to relationship and gain a significant lift in production in today’s digital lending environment.

RealTrending: eXp’s Glenn Sanford reveals what’s next for company

CEO of eXp World holdings addresses his critics about his agent referral program, where he is taking the company next and growth limiters for the brokerage.

Navigating Closing Struggles in 2021’s Purchase Market

Join this webinar to discover the most current information on hybrid and full eNote eClosings and discuss key criteria to successfully implementing your eClosing strategy.

Mortgage servicers take steps to support borrowers amid COVID

Call volumes have spiked to a level not seen since last April, lenders and servicers need to prepare for a significant increase in their workload as they help borrowers through difficult times.

MortgageReal Estate

The 55+ housing market is still going strong

Builder confidence in this sector remains solid

As more Baby Boomers look not just to downsize but to “rightsize” in their retirement years, the 55+ housing market is humming along nicely, showing solid activity despite the faltering state of the overall market.

According to the latest from the National Association of Home Builders, builder confidence in present sales for the 55+ market remained at 76 in the second quarter of 2019, holding steady at a record high.

For the single-family market, sentiment fell a single point to 71, which NAHB attributed to a slowdown in prospective buyer traffic. That said, the index showed that expected sales for the next six months increased one point to 78.

Similarly, the builders in the multifamily market for 55+ buyers reported solid confidence, with present and expected sales up, while buyer traffic fell two points.

Karen Schroeder, chair of NAHB's 55+ Housing Industry Council, said even though the single-family index fell by one point, builder confidence in general remains strong for this market segment.

“We expect the 55+ housing market to continue on a positive path moving forward,” Schroeder said.

But NAHB Chief Economist Robert Dietz warned that the market could be impacted by rising builder costs.

"Demand for 55+ housing remains solid, as demonstrated in the surge for 55+ rental demand," said Dietz. "Builder sentiment for the for-sale 55+ housing market also remains in positive territory, supported by low inventory of existing homes. However, it is being constrained by development costs and their impact on affordability."

Most Popular Articles

Millions will enter housing market in 2021: Zillow

Up to 2.5 million households could enter the housing market in 2021, per Zillow. The buyers will descend on the “secondary cities” across the U.S.

Apr 07, 2021 By

Latest Articles

Working with buyers in the nation’s hottest housing market

Prices are up, supply is down. Here’s how lenders and agents are working with buyers in Austin, Texas, the nation’s hottest housing market.

Apr 13, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please