The National Association of Realtors (NAR) estimates that baby boomers made up roughly 39%, or 2.32 million, of those homes. If we look at the data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. Today’s market includes mortgage rates of above […]
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