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: Reverse Mortgages
MBA Senior Mortgage Solutions Network Kickoff Call, July 8
Click here for more information MBA’s Senior Mortgage Solutions Network will have a kickoff call on July 8 at 2:00-3:00pm ET. The SMSN is the newest addition to MBA’s broad …
FHA Actuarial Report Shows MMI Fund Capital Ratio at 12-Year High
FHA released its 2019 Annual Report to Congress, showing the FHA Mutual Mortgage Insurance Fund–which fell to dangerously low levels earlier in the decade–rose to its highest level since fiscal year 2007.