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RealTrends Q32021 BrokerPulse sees brokers still optimistic about the market, wary of competition and wondering when inventory will rise.

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For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

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Real estate is on its third revolution, from the digital revolution of the early 2000s to the information revolution kicked off by Trulia and Zillow to today's transaction revolution.

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Senior Housing Wealth Reaches a Record: $7.14 Trillion

Senior Housing Wealth Reaches a Record: $7.14 Trillion

The National Reverse Mortgage Lenders Association is reporting that homeowners 62 and older saw their housing wealth grow by 2.7 percent or $104 billion in the first quarter. That brings this demographic’s housing wealth to a record $7.14 trillion from Q4 2018, the National Reverse Mortgage Lenders Association reported in its quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index.

The increase in senior homeowners’ wealth was mainly driven by an estimated 2.4 percent or $110 billion increase in senior home values, including an estimated increase of 0.8 percent in the senior home-owning population, offset by a 1.1 percent or $6.5 billion increase of senior-held mortgage debt.

Although this is welcome news for the reverse mortgage industry, it’s also of importance for real estate professionals, many of whom are involved in helping seniors downsize.

It’s been a frequent observation that there’s a mismatch of housing inventory, with large, luxury homes languishing on the market, while starter homes get snapped up by first-time homebuyers, or increasingly, investors. Zillow is reporting that 46.7% of all homes available for sale nationwide are in the “top tier”; more than a fifth (22.3%) of available inventory was priced in the bottom third of all homes.

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