Senior homeowners continue to amass records amounts of home equity. An index tracking home equity levels for homeowners 62 and older by the National Reverse Mortgage Lenders Association and RiskSpan reveals that housing wealth for this group grew 1.4% to $6.97 trillion in the third quarter of 2018.
The housing industry is missing key technology that could make the process more smooth and understandable – a missing part that one expert explained would not be accepted in any other industry.
Housing starts increased 3.2% in November, once again championed by the multifamily sector, according to the latest report from the U.S. Census Bureau and the Department of Housing and Urban Development.
Landmark Network, a reverse mortgage appraisal management company, has been acquired by nationwide AMC Class Valuation, which recently changed its name from Class Appraisal. “Landmark is a leader in a market that we expect to grow as Baby Boomers look for options to carry them through retirement,” said Class Valuation Chief Innovation Officer Scot Rose.
“The combination of CoreLogic and HomeVisit is highly synergistic and allows us to continue to grow and expand the HomeVisit product suite on a national scale,” said Frank Martell, CoreLogic president and CEO. “At the same time, the addition of HomeVisit will allow us to further augment our digital data capture capabilities.
Airbnb has already gone to war with New York City and Boston after each city issued new laws addressing the rise of short-term rentals in each location. And now, Los Angeles is joining those two cities in moving to limit short-term rentals.