Work with independent mortgage brokers

In a study conducted by United Wholesale Mortgage, 90% of real estate agents who worked with an independent mortgage broker would recommend one to their buyers in the future.

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: Tom Ferry reveals top ways for brokers to increase per-agent productivity

Tom Ferry, founder of Tom Ferry International, takes his years of coaching brokers and boils it down to the top things brokers need to do today to increase per-agent productivity, why he thinks some brokerages have rocket-ship growth and how to manage teams.

May 10, 2021 By

Latest Articles

Equity-rich homes outnumber underwater homes 7-to-1

Homeowners continued to see substantial home value and equity growth in the first quarter of 2021 as the real estate market remains pandemic-resistant, with equity-rich homes outnumbering “seriously underwater” ones by seven to one, according to a new report.

May 14, 2021 By