According to a study by the Federal Reserve Bank of San Francisco, America has yet to take back the ground it lost in the 2008 during the financial crisis. Bloomberg reports that gross domestic product remains below where its 2007 trend predicted the nation would be by now.
Nearly 90% of homeowners approaching retirement want to stay in their homes as they age, according to AARP. And that massive statistic is the single best marketing tool a reverse mortgage professional can use. The aging-in-place movement is upon us, and it is huge.
Bloomberg is reporting that a new note from credit analysts at Bank of America warns that structured credit products are entering a new “risk-off� phase. Read on to learn more.
Rural America is facing a shortage of “adequate housing.� Despite a dwindling population and the expectation that housing prices would fall, NPR reports that affordability is worsening in rural areas due to “aging-in-place� and the gradual obsolescence of their housing inventories.
A former personal banker at JPMorgan Chase will spend the next four years in jail after admitting in court that he stole and sold customers’ confidential information. According to authorities, the scheme was discovered when the banker sold sensitive customer information to a confidential informant, and later to an undercover law enforcement officer.
Owning a home in retirement seems to be an idea firmly ensconced in the American Dream, but the fact is more Baby Boomers are looking to rent than ever before. But what makes the most financial sense is up for debate, as two media outlets hash it out what makes the most sense, landing on opposite sides of the fence.
GSF Mortgage Corp. recently announced its new Single Close Construction Loan program, which it says will speed up the construction loan process and could even solve some of the housing inventory issues. Here’s how.
On Monday, HUD announced it is moving forward with its goals of “streamlining� the controversial Affirmatively Furthering Fair Housing Rule by inviting public comment on proposed amendments to it. The embattled regulations were originally enacted by the Obama administration to assess and encourage diversity in communities receiving HUD funds.
Despite nationally slowing rent growth in Class-A multifamily product, some markets are defying the odds and posting significant Class-A rent growth. Here’s a breakdown of which markets are on the upswing in the Class-A segment.
Although some of its high-tech workforce gravitates up to Seattle firms, the population continues to grow in California’s San Jose-Sunnyvale-Santa Clara Metropolitan Statistical Area, while both unemployment, at 2.6%, and the supply of homes, at just a month, are extremely low.
Karin Comeaux
Compass Realty & Management
8880 W Sunset Rd, Ste 290
Las Vegas, NV 89148
(702) 328-4114
(702) 586-1616
