Housing Wire
NOVEMBER 14, 2024
In other contexts — particularly within the reverse mortgage industry — a gray or silver tsunami simply refers to demographic trends where the older population takes up an increasingly larger share of the total population. More than a third of residents will be 65 or older in at least five South Carolina counties by 2040.”
Appraisal Buzz
DECEMBER 5, 2024
Additionally, Federal Reserve rate cuts resulted in historically low 30-year mortgage rates, dipping below 3.5% However, with the aging baby boom generation and declining birth rates, natural population change (births minus deaths) in the United States is projected to become negative by 2040. As the U.S.
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Housing Wire
JANUARY 21, 2021
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
Appraisal Buzz
DECEMBER 11, 2024
By 2040, the number of households headed by individuals aged 80 and over is expected to double, making it imperative that the U.S. When anticipating the need to relocate, 71% of adults in that demographic mentioned rent or mortgage costs as a major concern. Only 36.5% million older people spent more than 30% of their income on housing.
Housing Wire
MARCH 11, 2024
Getting older and living longer 2040 Aging Power: By 2040, 80 million people will be aged 65 and older. Paul Donohue is a reverse area sales manager for Mutual of Omaha Reverse Mortgage. 2050 and Beyond: By mid-century, we will have more than 19 million people aged 85 and older.
Housing Wire
JULY 10, 2024
Looking forward, US Census data projects that more than one in four Americans will be Latino by 2060, and the Urban Institute expects Latinos to drive 70% of new homeownership growth between 2020 and 2040. million mortgage -ready Latinos under the age of 45 in the US who are not yet homeowners.
Housing Wire
JANUARY 4, 2024
Published on the heels of JCHS’ “ Housing America’s Older Adults 2023 ” report from December, the growing number of mortgage products available to a wider swath of American seniors could make a difference for those aiming to age in place. Reverse mortgage companies have also invested in their own home modification programs.
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