January 27th, 2015 | reverse mortgage, home loans
Retirees are staying in their Homes Longer!
According to a recent study by the California Association of Realtors (CAR), aging Boomer’s are planning on staying in their homes, maybe until it’s no longer feasible for either health or financial reasons. If this sounds like you or your parents or loved ones, you might want to consider a Reverse Mortgage from our reverse mortgage division; Assured Reverse Mortgage!
What this also means is that fewer resale homes will be coming on the market in years to come. It remains to be seen what if any effect this will have on home prices in the future.
Let us know if you would like me to send you a highlight of their study.