Senior home equity is continuing its upward march, with housing wealth reaching $6.9 trillion in the second quarter of 2018. Equity for homeowners 62 and older grew $130 billion over the first quarter of 2018, according to the most recent figure from the National Reverse Mortgage Lenders Association/RiskSpan Reverse Mortgage Market Index. Reaching a new […]

Home equity is still on the rise, with homeowners gaining an average of $16,200 apiece in the second quarter, the latest data shows. CoreLogic’s Home Equity Insights for Q2 2018 shows an equity jump of 12.3% — about $980.9 billion — on all mortgaged residences since the same period last year. Equity grew in nearly […]

Baby boomers and seniors who proactively set up retirement accounts have more than $100,000, on average, in savings than their peers who did not, according to a recent study by personal finance publication MagnifyMoney. But across the entire board, 29% of households have less than $1,000 saved in any type of account. Using data from […]

The amount of equity available to American homeowners with mortgages grew $256 billion in the second quarter of 2018 to break the $6 trillion mark, according to a Monday data release from analytics firm Black Knight. That brings the total tappable equity gain for 2018 to $636 billion, according to the Jacksonville, Fla.-based company — […]

The desire to remain at home during retirement continues to be extremely important to people as they age, according to a new report from AARP. The data, released last week as part of the senior advocacy group’s 2018 Home and Community Preferences  survey, shows that almost 80% of adults age 50 and older want to remain […]

Reverse mortgage origination numbers remained low in August, but lenders still saw their second increase of the summer. The 3,197 loans generated were enough to give the industry a 9.9% overall boost, according to the most recent set of data from Reverse Market Insight. “That’s the third lowest total in the past 12 months, but […]

A variety of financial-preparedness surveys have found intense anxiety among seniors regarding retirement, with many feeling unprepared to face their future without a steady income from work. But another study that focused on more qualitative visions of retirement shows that many financial planners might have to provide a sobering dose of reality to their clients. […]