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In the realm of housing, the term “ silver tsunami ” often refers to the idea that older homeowners will aim to downsize and sell their homes, theoretically flooding the market with new inventory. More than a third of residents will be 65 or older in at least five South Carolina counties by 2040.”
In a release on Thursday , the Urban Institute projected the future headship rate — the share of adults who are the heads of households — and the homeownership rate — the share of household heads who own their homes — through 2040. million in growth from 2030 to 2040. Between 2020 and 2040, Hispanic households will grow by 8.6
Peak 65 serves as an historic demographic milestone of the new paradigm shift that is changing every aspect of the housing market , finance, retirement planning process and the fragile supply/demand balance of housing inventory for real estate at large. Paul Donohue is a reverse area sales manager for Mutual of Omaha Reverse Mortgage.
With over 20 years of mortgage experience, Mettle has dedicated his career to the mortgage industry. Prior to NEO Home Loans, Mettle served as senior vice president, director of physician lending at Fairway Independent Mortgage Corporation. Josh Mettle: It’s a tie between Mortgage Coach TCA and BNTouch CRM.
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