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PennyMac announces proposed private offering of $650M in senior notes

Housing Wire

California -based multichannel lender and servicer PennyMac Financial Services announced on Monday a proposed private offering of a $650 million aggregate principal amount of senior notes that the company says it will pay back with interest by 2030. They will only be sold to certain large investors, according to the announcement.

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Three in four baby boomers don’t use homebuyer resources

Housing Wire

About 10,000 Americans turn 65 each day and all boomers will reach that milestone by 2030, according to census data. That year, they accounted for 39% of all buyers, according to the National Association of Realtors , pushing millennials out of the top spot for the first time since 2014.

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‘Silver tsunami’ could have a bigger impact on 2024’s housing market: analyst

Housing Wire

And by 2030, the entire baby boomer population or generation will be over 65.” That’s what I think is invariably going to happen because you’re going to have more seniors, the silver tsunami, selling and there are fewer buyers so the give is going to be lower home prices.” That will grow to encompass 21% of the total U.S.

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After facilitating $347B in sales, RON firm Proof (formerly known as Notarize) looks to California

Housing Wire

Since its founding in 2015, remote online notarization (RON) platform Proof , formerly known as Notarize , has helped sellers and buyers close $347 billion worth of real estate transactions, according to an announcement on Friday. While the firm is pleased with this milestone, it has its sights set on California.

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Anywhere Real Estate reports $19M in Q2 net income

Housing Wire

to exchange $273 million of the 5.75% senior notes due 2029 and 5.25% senior notes due 2030 it holds for $218 million in new 7.0% second lien secured notes due 2030. “We We think agents for both buyers and sellers create real value for the consumers and there are geographies in the U.S.

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The Retirement Trifecta

Housing Wire

The massive age wave is cresting over the next three years, and by 2030 all boomers will have turned 65. We need Realtors trained in matters of aging-in-place, who are committed to guiding senior buyers into buying decisions that will provide housing security for the long-term.

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Opinion: More can be done to shorten the average time to close

Housing Wire

Hopeful their initial offer might be accepted or that they might beat out other potential buyers. Real estate will look different in 2030, perhaps even in 2024. Then, they think about the mortgage : a good rate, good monthly payments, and approval. Then, they might become hopeful.

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