Older Americans Staying in Homes Longer, Hesitant to Sell

A March 2011 report from Harvard University’s Joint Center for Housing Studies shows that many seniors who had planned to retire and move to a different home deferred that decision after the recent financial crisis took a toll on both the equity in their homes and their retirement accounts. Mobility rates, or the rate at which households […]

Some States See Substantial HECM Boost in 2011

Pennsylvania is experiencing a significant increase in reverse mortgage activity, says a recent Reverse Market Insight report, which cites the state’s fifth-largest senior population, yet third-lowest penetration rate as likely reasons for the trend. The January/February 2011 report ranked Pennsylvania as No. 5 on the list of Top-10 states with reverse mortgage endorsements, showing a 27.2% […]