2021 RealTrends 500 Now Live!

The RealTrends 500, now in its 34th year, remains the undisputed leading report ranking the performance of the top residential real estate brokerage firms.

Gathering of Eagles

The Gathering of Eagles conference is the Trusted Source, offering brokers, managers and leaders valuable insider industry information on how to run a profitable business.

RealTrending: eXp’s Glenn Sanford

Glenn Sanford, CEO of eXp World holdings, addresses his critics about his agent referral program, where he is taking the company next and growth limiters for the brokerage.

Newsletter

The RealTrends monthly newsletter is known as the trusted industry source for information on trends, strategies, analysis, people and news shaping the real estate industry of tomorrow.

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.

Most Popular Articles

RealTrending: eXp’s Glenn Sanford reveals what’s next for company

Glenn Sanford, CEO of eXp World holdings, addresses his critics about his agent referral program, where he is taking the company next and growth limiters for the brokerage.

Apr 12, 2021 By

Latest Articles

The appraisal gap is complicating deals across the country

The gap between appraisal & what buyers will pay in such a wild real estate market has created friction between agents, lenders and appraisers. HW+ Premium Content

Apr 16, 2021 By