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One 82-year-old woman writes a Money Sense columnist saying her savings are draining fast and she wants to know if she should move & rent or consider a reverse mortgage.
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Editor in Chief: HECMWorld.com
As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.
Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.
Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.
1 Comment
All homeowners in the US looking for a new residence or looking at using the equity in the home defray rising living costs should be concerned about trends in home values. While national averages prohibit some insight into those trends, they generally are not indictive of the local trends in home values.
While we can easily be fooled, it seems that homes close to either the Pacific or Atlantic Oceans maintain increased values in normal times; those closest to mid America less so. The mortgage bust in recent years jolted home values in a way that most generations in the US do not experience on such a wide scale. So rather than being surprised by sudden decreases in values, homeowners should be reasonably diligent in following the home prices in the areas where they own residences (including second or third residences as the case maybe).
As many warn, now is the time to be following trends in home prices in the places you may own or are looking to buy a home.