In the early spring, you may have been ‘locked down’ working remotely in response to the COVID-19 pandemic and caught a case of cabin fever in the process. Perhaps you over-indulged in binge-watching Netflix to pass the time you would have typically spent going out to social functions. Regardless of
These are the 4 factors that will change home values this year 1. DEMOGRAPHICS– Demographics are the data that describes the composition of a population, such as age, race, gender, income, migration patterns, and population growth. These statistics are an often overlooked but significant factor that affects how real estate
If we’re at the new norm of industry-low volume, what’s next? Reverse Market Insight’s recap of June 2019 endorsements states, “2,500 endorsements per month is the default volume setting for the industry right now”. Calculate that out and that would equate to a new low in annual HECM endorsements totaling
Larger Market = More Qualified & Interested Borrowers [ad#Network Funding] [vimeo id=”78962141″ width=”625″ height=”352″] It’s a marketshare problem. As an industry we have been negatively impacted by falling home values, cuts in lending ratios or principal limits, elimination of products and borrower qualification guidelines. In 2009 over 114,000 reverse mortgages
What are the challenges with appraisals? We all face them every day. Our interview with Erik Richard of Landmark Network (AMC) sheds light on appraisal management, home values and more.
There has been much discussion as to why reverse mortgage volumes are at historic lows.Will reverse mortgage volume slowly rise again like the mythical Phoenix from its ashes? A look at current home price trends and our future.