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1.2 million homes face wildfire risk in California

Housing Wire

Depending on greenhouse-gas emissions scenarios, average annual loss projections could increase 31% to 41% in California by 2050, and roughly 40% to 50% in Colorado. In California, CoreLogic estimates that reconstruction costs have gone up 33.5% year over year.

Insurance 317
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DataDigest: In the nation’s hottest housing market, flood insurance premiums soar

Housing Wire

billion per year by 2050 from the base period in severe climate-risk scenario,” economists at CoreLogic said. Here are the 10 counties with the highest annual loss projections through 2050. “On the current climate change path, nationwide estimated annual losses may increase to $23.5

Insurance 347
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Opinion: The baby boom wave is cresting

Housing Wire

2050 and Beyond: By mid-century, we will have more than 19 million people aged 85 and older. Getting older and living longer 2040 Aging Power: By 2040, 80 million people will be aged 65 and older.

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HW+ Member Spotlight: Josh Mettle

Housing Wire

Loan officers should be helping clients understand how borrowing for as long as possible benefits the borrower because paying back today’s mortgage with 2030, 2040, or 2050 dollars is a great deal for the borrower. Josh Mettle: Inflation robs from the lender and gives to the borrower.

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Why it’s time for the housing industry to get serious about climate risk

Housing Wire

This solution – built on Google Cloud’s secure and sustainable infrastructure – is designed to help companies, government agencies, and enterprises measure, model, and mitigate the physical risks of climate change to the housing industry, from the present through 2050.

Insurance 348
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Opinion: why we all have a stake in closing the homeownership gap

Housing Wire

Demographers estimate that by 2050, the U.S. Many soon-to-be retirees are planning on selling their homes to fund their retirement and move into something smaller for their later years. They are counting on someone to buy their home at a fair price when they retire. population will become majority-minority.

Legal 329
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How originators can capitalize on reverse mortgage business in light of the changing housing market

Housing Wire

By 2050, 20% of Americans will be 65 or older. But originators need to see the big picture that extends beyond our current economic climate—the market for reverse mortgages is enormous and growing. Ten thousand baby boomers reach retirement age every day , and that number is expected to double over the next several decades.