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NAR magazine devotes space to reverse mortgages and seniors

Housing Wire

Describing reverse mortgages as originating in 1961 before coming to greater prominence through the establishment of the HECM program during the Reagan administration, one of two recent NAR articles dealing with reverse mortgage-related subject matter stated that home sales and purchases are becoming a more common topic within HECM circles.

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NextAvenue: Aging-in-place costs, challenges lead to acceptance of ‘boommates’

Housing Wire

As home prices rise and property taxes and insurance bills soar, it’s become ever more difficult to age in place,” the article stated. “As That has created incentives for both retirees who want to stay in their homes and domicile seekers who need affordable places to rent,” the article stated.

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South Florida, a senior enclave, sees more people ‘unretiring’ due to living costs

Housing Wire

This pattern among seniors living in and around Fort Lauderdale was recently profiled in an article in the South Florida Sun Sentinel. employed in Fort Lauderdale,” the article stated. As the cost of living remains elevated, more seniors — even those in “senior strongholds” like South Florida — are choosing to return to work.

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Can 3D printing impact affordable housing stock? HUD thinks so

Housing Wire

Cost and efficiency potential Earlier this year, an article in Smithsonian Magazine took a closer look at the potential for 3D-printed homes. The opportunity is there, the article explained, as the speed of the technology outpaces traditional methods and costs are beginning to fall.

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The cost of homeowners insurance skyrockets in Upper Midwest states

Housing Wire

This is according to an article published by the Federal Reserve Bank of Minneapolis , citing data from S&P Global showing as much as a 34% increase in homeowner’s insurance premiums nationwide over a period of seven years. “At In Florida , it’s hurricanes,” the article explained. “In

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Aging in place could become ‘big business’ for homebuilders

Housing Wire

This is according to an article published by Kiplinger , which took a closer look at the dynamics associated with the cost of living, and the kinds of renovations needed needed to facilitate aging in place versus another arrangement. Financing these improvements can be an obstacle too.

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As boomers retire with record housing wealth, finding accessible housing is a challenge

Housing Wire

.” One of the reasons that boomers may be having these challenges could come down to restrictive land-use policies, according to the article.

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