article thumbnail

Who’s winning the home equity war?

Housing Wire

According to ATTOM’s third quarter 2024 Home Equity and Underwater Report, 48.3% are considered equity rich. saw a remarkable surge in their equity , gaining an impressive $28,000 on average. According to CoreLogic, total home equity skyrocketed to an astounding $33.8 of mortgaged residential properties in the U.S.

article thumbnail

With lower costs and other value, rural areas are enticing for older homebuyers

Housing Wire

As we get older its hard to make new friends and thats why its important to find your tribe those people who are at the same stage of life and have the same life experience as you do. Real estate agent Lisa Di Pasquale described her success in such a scenario in a previous interview with HousingWire s Reverse Mortgage Daily (RMD).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FirstTeam begins national expansion, introduces new agent compensation plan

Housing Wire

“FirstTeam’s impressive growth is fueled by a robust ecosystem designed to nurture agents at every stage of their career,” said Michele Harrington , the companys CEO. The firm is among the largest privately held U.S. brokerages and is a founding member of Leading Real Estate Companies of the World. The company reported $6.13

article thumbnail

Reverse mortgage pro shares how he became a HECM customer

Housing Wire

Given that approach, it always made sense that, eventually, when I reached that stage, I would apply the same strategy to myself. “I’ve focused on financial planners, recognizing that the home is one of the biggest assets and can be strategically incorporated into a retirement plan.

article thumbnail

What went wrong at Redfin?

Housing Wire

Some of these companies are much younger and are in a heavy growth stage, so its not an exact comparison. It was hard to grow agents in the past because agents who’ve been in the business for 20 years don’t like the payout structure, said John Campbell, a real estate equities analyst at Stephens.

article thumbnail

2025 mortgage predictions: Your playbook for a winning year

Housing Wire

Setting the Stage for 2025 Heres the good news, 2025 is set to stabilize. Plus, buying now means youre building equity while others wait, and youll have the chance to refinance if rates dip in the future. Despite this, the Las Vegas housing market held its ground with steady appreciation, climbing 5-7%. The key takeaway? Around 7.5%.

article thumbnail

Longbridge goes beyond reverse with Figure partnership, new ‘HELOC for Seniors’

Housing Wire

It’s doing so with the launch of a new home equity line of credit ( HELOC ) option specifically for customers ages 62 and older. Longbridge CEO Chris Mayer made the announcement from the stage on Tuesday at The Gathering by HousingWire. where 36% of borrowers 55 or older take equity products. It’s on their website. In the U.S.,