U.S. housing market will continue to slow; home equity at the peak

Realtor.com® forecast predicts inventory to evaporate making it more challenging for buyers to find a home despite attractive interest rates

SANTA CLARA, Calif., Dec. 4, 2019 /PRNewswire/ — At a time when millennials are reaching key life milestones, the U.S. housing market will continue to slow in 2020 as inventory reaches historic lows and economic uncertainty prompts consumers to pull back on their spending, according to the realtor.com® 2020 housing forecast released today.

Reverse Mortgages — “more than a niche product”?

Editor’s Note: In order to be “perfectly clear”, we at the “Gofinancial” website choose to be hesitant to accept one more expert review of the Reverse Mortgage. We think it continues to cloud the issues inherent in describing the future of a widow taking care of her mother and running out of money as she sits with a house over her head that needs repairs and a budget shrinking in the background. We’ve stood with these people to work out a HECM mortgage that fixes her problem. We didn’t take much time evaluating everybody else and care little for another “mismatched” agreement of experts that just mixes the pot and creates a guilty conscience for those who choose a Reverse Mortgage over some other approach.

We work hard to be experts while we please people in a financial bind, but we reach over to the somewhat forbidden area that suggests you own the equity in your home and can use it as you please without payments in your lifetime.

Learn the Truth About Home Solar in the U.S. — and battling the cost of today’s electricity

You’ve probably heard a few things about solar energy, but how do you separate fact from fiction? Well, we Sunrunners are here to set the record straight by busting five common home solar myths so you can learn how solar really works, and how it can help you prepare for the future.

Myth #1: Solar Panels Don’t Produce Energy in the Fall and Winter

This is one of the most common myths about solar energy. And while it’s true warm and sunny states like Arizona, California, and Florida are ideal places to go solar, the reality is, solar panels can actually work better in cooler climates.

Senior housing wealth rises again to $7.17 billion; Debt rises too

Vladimir Solomyani

Homeowners age 62 and older saw their collective housing wealth increase in Q2 2019 by 0.5% compared to the previous quarter. This constitutes an increase of approximately $32 billion to a record of $7.17 trillion, according to data provided by the National Reverse Mortgage Lenders Association (NRMLA) in conjunction with data analytics firm RiskSpan.