Senior Home Equity Exceeds Record $10.6 Trillion

May 10, 2022

Senior Home Equity Exceeds Record $10.6 Trillion

Housing wealth continued to grow by 3.98 percent ($405 billion) in the fourth quarter, reaching $10.6 trillion from Q3 2021. According to the recent quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index, the increase in older homeowners’ wealth was mainly driven by an estimated 3.7 percent ($452 billion) increase in home values.

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NRMLA President Steve Irwin, said: “May is Older Americans Month, and this year’s theme is Age My Way.” According to Irwin, a comprehensive retirement plan considers housing wealth as its greatest asset, and under the right circumstances tapping into that equity will enable a secure path to aging security.

Senior borrowers can age “their way” by developing and exploring the right avenues toward retirement.

To find out more about reverse mortgage, visit our website, or reach out to us at Reverse@plazahomemortgage.com. Adding this strategy could help your borrowers reach their retirement goals.

Category: Reverse Market News

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