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.