In 2024, the Research Institute for Housing America (RIHA) published data which found that older Americans are remaining in their homes longer. Over the past decade, the homeownership rate among adults aged 70 and older has increased substantially. According to the 2024 American Community Survey, homeowners aged 55 and older owned 55 percent of all owner-occupied homes in the United States, with more than one-third owned by households headed by someone age 65 or older.
Tag: Jon Penniman
MBA Chart of the Week Dec. 23 2021: Percent of Current Loans
According to the MBA Monthly Loan Monitoring Survey, the share of loans in forbearance dropped to 1.67 percent of servicers’ portfolio volume as of November 30, after climbing to a monthly peak of 8.53 percent as of May 31, 2020. As many borrowers have moved out of forbearance and into permanent loan workout solutions since 2020, the question becomes: How are they faring?