Tag Archives: senior homeowners

As many seniors expressed worry about high interest rates, some 90% said they still want to age in place, but a new Point study revealed mounting costs for home improvements may be necessary in order to stay put.

According to a new report by the Joint Center for Housing Studies, seniors are already experiencing housing woes, and that number is only set to grow as more Baby Boomers come of age.

Over half of America's seniors have now paid off their home, are living without a mortgage, and view their home as the best financial decision they ever made.

The increase in older homeowners' wealth was mainly driven by an estimated 3.4% or $381 billion increase in home values.

New information details the benefits of having a reverse mortgage for seniors. Click through to read more.

In its latest report, Freddie Mac highlights the importance of addressing the challenges faced by first-time homebuyers in a market where demand from senior homeowners is on the rise.

American homeowners aged 62 and older saw a significant jump in home equity. What could be driving this increase, and is it poised to continue?