Despite the overwhelming desire among the baby boomer generation for aging in place in their current homes, practical challenges like living costs and elevated home prices appear to be leading more older people to cohabitation with roommates, or “boommates.” This is according to a column published this week by NextAvenue. “As home prices rise and…
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Jim Egan, Morgan Stanley housing strategist, joins ‘Closing Bell Overtime’ to talk how home prices climbed in June.
Chris Bruser, a reverse mortgage professional in Florida, agreed with an assertion that most people do not dream of entering the reverse mortgage business when they’re kids. But success can have a major impact on young people when they’re exposed to what it can look like, and this much was true for Bruser as a…
Fintech Calque rolled out an affordable version of its Buy Before You Sell program that enables homeowners to remove home sale contingencies and debt-to-income (DTI) constraints. Dubbed the “Contingency Buster,” the product uses its Purchase Price Guarantee (PPG), a binding backup contract that if a homebuyer’s current home does not sell within 150 days, the…