When the Time Comes for a Reverse Mortgage

Baby boomers are retiring at a rate of about 10,000 per day (more than 3.5 million a year) and will continue doing so for the next decade. According to a report by the Economic Policy Institute (EPI), the average household

Retirees weigh up renovation vs relocation

A recent report revealed that as people edge towards retirement age, the more they value the emotional connection to their home rather than the financial value.

All Bets on Boomers as Millenials Struggle to Buy

While younger people increasingly delay home ownership, baby boomers are stepping in to fill the void.

More Retirees Fail To Pay Off Their Mortgages

A new Census Bureau report shows an alarming rate of older households carrying home debt well into retirement, and the amount of debt they’re carrying has risen over recent years.

Second Time Homebuyers and The Babyboomers

If you are a new retiree or you’re close to retiring, you may be considering relocation to a different home. Even if you have some ideas about what you want, there are several important factors to consider before you begin your search. The process of second-time buying can be significantly different than it was the […]

Will Zero Percent Interest Rates Force Older Homeowners Into Reverse Mortgages?

I can honestly say that the current state of the housing market in the U.S. is unlike anything we’ve ever seen in it’s history. Though the Federal Reserve has implemented one round of money printing after another, with unprecedented amounts of cash going to help bolster the secondary mortgage market, housing is still barely conscious […]

More Retirees Planning to Stay in Home State, Survey Finds

Many of us have an image of 60-somethings retiring, selling their house, and heading for the sun and sand of warmer climates. But a new study from PulteGroup finds that 62 percent of the Baby Boomers surveyed will stay in their home state — a 20 percent increase from just two years ago.

Retirees Fall Foul of Tight Lending Standards

Decreased monthly incomes among retirees are making it more difficult for people in this age group to buy homes, as many are now unable to qualify for a mortgage now that lending standards have been tightened up.

Things Looking Up in Florida?

While most realtors would tell you that the US property market is recovering very slowly, Pat Neal, a Manatee County developer, sees things quite differently.

Since he first went into the construction business more than 42 years ago, he has lived through almost a dozen boom and bust cycles, and he says that the current one, which has lasted for 6 years now, is by far the longest he has endured.

Sign up Now and get our guide on Video Marketing for Real Estate Professionals for Free

Sign up to the Realty Biz News mailing list to get updates from our site and also get our guide to Video Marketing for Real Estate professionals for free