Big Tech Investment Driving Change in Real Estate
Real estate professionals who are watching, learning, and adapting will reap the benefits of new technologies, as the industry is starting to see with generative AI.
Older Homeowners Feel Confident Aging in Place
Fannie Mae: Homeowners aged 60+ like their homes and expect to age in place. Many feel good about their retirement financial plan and view home equity as a reserve.
Housing Costs Are Running Hot
Core inflation has declined, but housing costs remain high. Unless those costs cool, some experts doubt core inflation will return to the Fed’s 2% target.
Does Reverse Mortgage Have a Non-Recourse Clause?
Check the paperwork and read for context. “Non-recourse” is more of a description of how a loan works than a direct term, so it could be described differently.
Average 30-Year Mortgage Rises to 6.94%
That’s up from 6.90% last week, marking the 4th straight weekly increase. Rates have been creeping higher due as reports show stronger-than-expected inflation.