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Reverse purchase financing: The financing option no one is talking about

Housing Wire

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing?

Finance 449
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US housing market is now worth a record $52 trillion: Zillow

Housing Wire

housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. housing market has surged by more than $2.6 After experiencing a temporary hiccup between July 2022 to January 2023, the U.S.

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Opinion: More financing options for ADUs are needed

Housing Wire

Heading into 2024, there are continuing and emerging financing options, grant programs and legislation all designed to help homeowners and builders create much-needed infill housing. These will help on the margin, but we still need smart lenders to help create even more robust financing options for ADUs.

Finance 476
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Positive signs abound for 2024 housing market: ICE

Housing Wire

in November, which at first glance suggests an accelerating housing market. Under such a scenario, more than half would be homeowners who financed in 2023, with less than 10% coming from 2022-vintage loans. peak prior to the housing market downturn in 2006. “If million to 3.8 and slightly less than the 33.8%

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Introducing the 2023 HW Finance Leaders!

Housing Wire

In its third year, the 2023 HW Finance Leaders award celebrates the outstanding achievements of the top finance executives in the real estate and mortgage space. As the housing market continues to face volatility, the role of CFO has become increasingly critical. Congratulations to the 2023 HW Finance Leaders.

Finance 380
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Midwest housing markets good for first-time homebuyers: Zillow

Housing Wire

“Attractive homes are moving fast, so those looking to buy this spring should get their finances in order now, including getting pre-approved for a home loan. Headwinds like mortgage rates , low inventory and rising rents are still strong, but easing,” Zillow Senior Economist Orphe Divounguy, said in a statement.

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The Red-Hot Housing Market

Housing Wire

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.