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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.” Last October, FHA introduced a proposed seller credit for the H4P program. T]he other major demographic trend you see is the aging of America,” Whitney said. “So So what’s called the silver tsunami is 10,000 people a day turning 65.

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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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The Retirement Trifecta

Housing Wire

Today it’s dominated by baby boomers who make up 39% of all homebuyers and 52% of all home sellers. The massive age wave is cresting over the next three years, and by 2030 all boomers will have turned 65. The housing market has shifted. Known as “Peak 65”, in 2024 more than 12,000 people per day will turn 65.

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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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California looks poised to finally pass RON legislation

Housing Wire

The senate bill, introduced by State Senator Anthony Portantino, would allow homebuyers, sellers and borrowers to close their home purchase or refinance transactions remotely. Gavin Newsom of California on Tuesday received a senate bill legalizing remote online notarizations ( RON ). He has until Oct. 14 to act on it.

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

Housing Wire

Real estate will look different in 2030, perhaps even in 2024. The title industry has finally put the foundation in place for a modernized workflow. Now, it is focusing on some of the ancillary processes that have historically clogged the production pipeline. Anton Tonev is co-founder and chief revenue officer for InspectHOA.

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

Housing Wire

Those realities don’t even contemplate the numerous headaches and delays that come with identifying and dealing with multiple HOAs or the project management skills required to coordinate the Realtor, buyer and seller alike. Real estate will look different in 2030, perhaps even in 2024. Anton Tonev is the cofounder of InspectHOA.

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