The month in reverse mortgage rates: August 2024

As discussed in previous reverse mortgage rate updates, the federally insured Home Equity Conversion Mortgage (HECM) is the dominant reverse mortgage in America. As a result, HECM has become synonymous with reverse mortgages.But did you know that nearly all HECMs originated today are variable-rate l

Investors bought one in six homes sold in Q2 2024: Redfin

Although the U.S. housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. The number of home purchases by investors rose 3.4% year over year in Q2 2024, the largest increase since Q2 2022, according to a report published Thursday by Redfin

The Fed needs a housing market comeback

One key data line flagging a path to recession is the loss of residential construction workers. The number of workers who build single-family and multifamily homes and do remodeling work tends to decline before every recession as higher interest rates negatively impact the economy through housing.Wh

$4.2 Million Massachusetts ‘Murder Mansion’ Where Businessman Killed His Wife and Daughter Goes Up for Sale

Realtor.comA sprawling Massachusetts mansion that was the site of a gruesome murder-suicide has gone on the market for $4.2 million—with the property listing describing it as a “perfect family home.”The 11-bedroom, 11.5-bathroom property in Dover, MA, was put on the market earlier this week, just ei