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Labor Department announces new rule to shield retirement savings

Housing Wire

Department of Labor (DOL) on Tuesday announced a new rule that governs retirement advice, requiring more financial advisers to follow stricter fiduciary standards when dispensing advice about retirement-focused investments. Taking effect on Sept.

Investor 348
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HUD to invest $174 million for climate resiliency in multifamily

Housing Wire

Department of Housing and Urban Development (HUD) on Thursday announced an investment of $173.9 million in loans and grants under the Green and Resilient Retrofit Program’s (GRRP) “comprehensive” and “elements” categories, designed to increase resilience against climate challenges and energy efficiency.

Design 386
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Significant shifts in real estate team performance: Streamlined

Housing Wire

In five of the six size categories of teams both gross profit margins and net income margins declined from the second quarter 2023 results. This realignment can be viewed as an evolution in market dynamics, with sales dispersing into lower revenue categories (Gross Commission Income), teams and agents are still running profitable companies.

Brokerage 335
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Opinion: Proptech’s big miss

Housing Wire

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. Of these, category 2 is the most established. Some companies in this space are better than others, but overall, the industry can give itself at least an A- in this category. Why is this the case?

Finance 367
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Hispanic household wealth tripled over the past decade: NAHREP

Housing Wire

When considering all property holdings, including equity in residential and non-residential investment properties, real estate consists of 45.5% Beyond homeownership, real estate served as a strong investment vehicle for Latino families. of Hispanic household wealth.

Equity 381
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Financial planner: Reverse mortgages can help retirees with high property taxes

Housing Wire

Reverse mortgage professionals often cite financial advisers as their most ideal referral partnerships, but uptake on the product category by those in the profession has been tepid. It showed that despite plenty of investment in education, the industry has work to do before it gets to where it wants to be.

Mortgages 415
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Are reverse mortgages the most underutilized retirement tool?

Housing Wire

This is according to a column published this week by Investment News, soliciting input from planner professionals well known to the reverse mortgage business, including Wade Pfau. It’s simply a matter of demographics,” he told Investment News. “We But other data suggests convincing borrowers of the benefits remains very challenging.

Mortgages 448