Seniors see their home equity soar

SENIOR-HOMEOWNERS-1024x682REALTORMag

Homes owned by seniors are seeing equity soar over their pre-recession peak. Seniors saw an estimated $140.2 billion increase in the aggregate value of their homes to a total of $5.83 trillion in the fourth quarter of 2015. That marks an all-time high, according to the National Reverse Mortgage Lenders Association/RiskSpan Reverse Mortgage Market Index.

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