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Communities across the country, particularly those that are popular among retirees, are seeing an influx of older residents as a “silver tsunami” — based on population rather than housing inventory — prepares to wash over them. By 2050, however, these numbers are expected to increase significantly to nearly 1.4
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.
GETTING TRENDY (Cuyahoga County Housing Trends) The housing market in Northeast Ohio has remained strong despite the relatively higher mortgage interest rates and affordability issues. Inventory levels are increasing in this market area. Inventory levels are also increasing. There is still a shortage of inventory.
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.
RECESSIONS AND MORTGAGE RATES Recent data and the traditional definition show we are now in a recession even though there is debate among economic and political folks. this chart shows, each time the economy slowed significantly, mortgage rates declined. In fact, rates have fallen by an average of 1.1 AUGUST HOUSING UPDATE.
Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.
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