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A press release shared through the National Best Reverse Mortgage Lenders Association website highlights that the housing wealth of seniors (62 years and older) grew by $520 billion or 4.91% in the first quarter of 2022 when compared to the fourth quarter of 2021. It also touched a record high of $11.12 trillion. The release suggests that the main driver behind this rise is an increase in home values by around $563 billion or 4.4%, with a $43 billion or 2.09% increase in the debt that seniors hold working as a compensating factor. | |
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Target State: New York Target City : Westbury Last Update : Oct 26, 2023 8:43 AM Number of Views: 48 | Item Owner : Shawn Jordan Contact Email: Contact Phone: (None) |
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