HousingWire Magazine

December 2019/January 2020

Issue link: https://magazine.housingwire.com/i/1205964

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Page 113 of 115

PARTING SHOT ❱ SENIOR EQUITY A new report shows that seniors are sitting on more housing equity than they ever have before. According to the National Re- verse Mortgage Lenders Association, over- all senior housing wealth hit an all-time record in the second quarter, $7.17 trillion. Homeowners 62 and older also saw their housing wealth increase by 0.5% percent or $32 billion in the second quarter. 114 HOUSINGWIRE ❱ DECEMBER 2019/JANUARY 2020

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