Florida Again Tops List of Best Places to Retire in the U.S.

Florida topped out as the No. 1 state to retire in WalletHub’s annual ranking for 2018. The Sunshine State also held the No. 1 spot in 2017. The “2018’s Best & Worst States to Retire” report compared all 50 U.S. states across 41 indicators, spanning the cost of in-home care, life expectancy and cost of living, among other […]

British Homeowners Tapped Record Amount of Equity in 2017

Homeowners in the United Kingdom over the age of 55 released 3 billion pounds in equity from their homes in 2017, setting a record, according to findings from retirement advice company Key Retirement and reported in the Daily Mail. As with reverse mortgages, equity release borrowers do not need to make monthly repayments and the […]

Homeowners, Appraisers Agreed More on Value at End of 2017

Though the average appraisal of a home still lags behind the price homeowners hope to achieve, the gap between the two numbers is narrowing, according to the National Quicken Loans Home Price Perception Index (HPPI). The index compares the estimate supplied by homeowners on a refinance mortgage application to the appraisal later conducted in the mortgage […]

Strong Economy, Constrained Supply Continue to Boost Home Prices

In welcome news for homeowners, home prices in the U.S. increased by 0.9% from September to October, and by 7% on a year-over-year basis. That’s according to CoreLogic, an Irvine, California-based real-estate research firm, which on Tuesday released its CoreLogic Home Price Index (HPI) and HPI Forecast for October The portion of the 100 largest U.S. metropolitan areas with […]

CA Reverse Mortgage Assistance Program Seeks Final Applicants

A free reverse mortgage assistance program to help homeowners catch up on past-due property expenses and avoid foreclosure will shutter at the end of the month. Keep Your Home California’s (KYHC) Reverse Mortgage Assistance Pilot Program, which allowed low- to moderate-income homeowners to receive as much as $25,000 in assistance, will stop accepting applications on […]

Home Prices Rise 7% for September, Overheating Concerns Remain

National home prices for September 2017 were up 7%, compared with the same time last year, and rose by 0.9% from August 2017, driven by low for-sale inventory and a strengthening economy. In addition, 36% of cities have overvalued housing stock as of September, according to the most recent data from Irvine, California-based real-estate research […]

How States Could Use Home Equity to Help Seniors Defer Property Taxes

A property tax deferral program that lets homeowners use some of their home equity to supplement their retirement income could present a novel twist on equity extraction, according to a new brief from the Center for Retirement Research (CRR) at Boston College. Though such a deferral does not offer as much access to home equity […]