Kaiser Health: Renovating the Home for Aging Can be Costly

Though many retirees focus their financial efforts on downsizing their homes in order to minimize their financial commitments, the increasing preference of baby boomers to explore options for aging in place can often come with significant price tags. This could further stress the fixed incomes of seniors as they plan out the retirement stage of […]

Harvard Study: Home Equity Will Be Critical for Aging Americans

Households with housing cost burdens have reached an all-time high, and many households led by those in the senior age demographic have failed to recover from the financial crisis that began in 2008. This has exacerbated the need for affordable and accessible housing and in-home care, and the ability to build home equity will be […]

Harvard: Home Equity Returning to Pre-Crisis Levels, Housing Stock Lags

Primarily caused by rising home prices and modest increases in mortgage debt, the aggregate value of home equity more than doubled in the years between 2011 and 2018. This is according to the 2019 edition of the State of the Nation’s Housing report from the Harvard Joint Center for Housing Studies (JCHS), released on Tuesday. […]

Study: Home Equity a Major Factor in Senior Housing Affordability Crisis

By 2029, over half of the United States’ projected 14.4 million middle-income seniors (aged 75 and older) will not have sufficient financial resources to pay for specialized housing and health care needs. This is according to a study released by Health Affairs, and authored by researchers at the University of Chicago, the University of Maryland […]