Reverse mortgage performance metrics end 2024 on a mixed note
Much like the rest of 2024, key performance metrics for the reverse mortgage industry went on something of a roller coaster ride for the final month of the year. This is set against a backdrop of changes, with a new Home Equity Conversion Mortgage (HECM) limit that became effective Jan. 1 and a new
Did home sales momentum fizzle in December?
The New Year’s week was expected to be slow, so it’s no surprise that new listings and sales are down. Those will start rebounding in next week’s data.The Christmas and New Year’s holidays fell on Wednesdays this year, which messes up two full weeks in terms of getting home sales done and tracking t
Report suggests capital gains tax is discouraging older homeowners from downsizing
While recent housing market reports and trends have shown that older homeowners are unwilling to sell their homes for a variety of reasons, one of them may be the expected requirement to pay capital gains taxes stemming from the post-pandemic explosion of home-price appreciation, according to a repo
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