Items Tagged with 'senior home equity'

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  • Senior housing wealth continues to smash records

    Older homeowners have amassed an unprecedented $7.14 trillion in home equity
    Older homeowners continue to rake in the home equity as home values appreciate across the nation, with the latest data revealing that equity levels for the 62-and-older set grew by $104 billion last quarter. That brought senior housing wealth to a record-breaking $7.14 trillion in the first quarter of the year.
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  • Seniors now have a collective $7 trillion in home equity

    Housing wealth among the senior set reaches record levels
    Housing wealth for homeowners 62 and older continues to grow at a steady clip, reaching a record $7.05 trillion in the fourth quarter of 2018. The National Reverse Mortgage Lenders Association revealed that senior housing wealth grew 1.4% in the last quarter thanks to an increase in senior home values.
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  • Senior housing wealth reaches all-time high

    Homeowners over 62 have now amassed $6.97 trillion in home equity
    Senior homeowners continue to amass record amounts of home equity. An index tracking home equity levels for homeowners 62 and older by the National Reverse Mortgage Lenders Association and RiskSpan reveals that housing wealth for this group grew 1.4% to $6.97 trillion in the third quarter of 2018.
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  • Senior Home Equity Holds Above $3 Trillion

    The amount of equity held in the homes of seniors held above $3 trillion in the first quarter of 2011 according to latest NRMLA/RISK SPAN Reverse Mortgage Market Index (RMMI). The RMMI fell by 3% to $3.2 trillion in the first quarter fueled by weakening in the housing market.  However, losses were mitigated by mortgage debt levels falling for the seventh consecutive quarter to the lowest levels since quarter 2 of 2007. “This index shows that seniors continue to have significant equity in their homes, despite modest declines in home prices,” said Peter Bell, President of the National Reverse
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  • Reverse Mortgage Market Index Exceeds Expectations

    According to the NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI), the value of home equity held  by seniors aged 62 and over is estimated at $3.3 trillion as of the end of 2010.    Although falling home values have had a negative impact on the total value, this has been counteracted by the growth of this segment of the population.  The senior homeowners also tend to have lower mortgage debt levels comparative to other segments. The level of senior home equity has declined by 18 percent from peak levels, but has performed better when compared to the total population of
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