Author: realejuicey
Senior Home Equity Exceeds Record $11.12 Trillion
Contact: Darryl Hicks, 202-939-1784, dhicks@dworbell.com National Reverse Mortgage Lenders Association For Immediate Release: Senior Home Equity Exceeds Record $11.12 Trillion NRMLA/RiskSpan Reverse Mortgage Market Index Hits All-Time High of 388.83 WASHINGTON, July 26, 2022 — Homeowners 62 and older saw their housing wealth grow by 4.91 percent or $520 billion in the first quarter to a record $11.12 trillion from Q4 2021, according to the latest quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index. The NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) rose in Q1 2022 to 388.83, another all-time high since the index was first published in 2000. The increase in older homeowners’ wealth was mainly driven by an estimated 4.4 percent or $563 billion increase in home values, offset by a 2.06 percent or $43 billion increase in senior-held mortgage debt. NRMLA President Steve Irwin, said: “Inflationary fears, market volatility and concerns about a possible recession have created a great deal of anxiety for America’s aging population. Now may150
Best Places in America
Best Places in America Alaska in the northwest and Hawaii expanding the country’s influence into the Pacific Ocean make up the 50 states that make up the United States, which spans a large portion of North America. New York, a hub of international finance and culture, and Washington, DC are significant cities on the Atlantic Coast. On the west coast, Los Angeles’ Hollywood district is renowned for film production, while the midwestern city of Chicago is renowned for its influence architecture. Some of Country’s Top Best Places It might be challenging to know where to begin when it comes to organizing a trip in the United States because there is so much to see in this enormous country. Visitors have a wide range of options in world-class cities, some of which are known for their history and others which are known for their fun or glitz. New York and150
Here is a look at some of the latest in-depth analysis from CONTI Capital:
Media Contact: Chris Kelley, MPD Ventures PR Principal, for CONTI Capital chris@mpdventures.com or 214-457-5266 CONTI Capital Releases List of Top 10 Real Estate Investment Markets, Soaring Cost for First-Time Home Buyers, Rent Growth Moderating but Still Surpassing Historical Levels, and More – News and Expert Analysis from CONTI Capital This month, CONTI Capital released its list of top 10 markets for multifamily real estate investment going into the second half of 2022. The Dallas/Fort Worth Metroplex tops the list, followed by other notable Sun Belt metros. And while rent growth is moderating throughout the country, CONTI shows that rent growth is still outperforming historical levels, with particular strength being seen in the Sun Belt region among Class A apartments. This trend is evident as costs soar for first time home buyers. Here is a look at some of the latest in-depth analysis from CONTI Capital: CONTI150
Trevian Res Real Estate Gets New Boss
Kim Särs to head Trevian’s new residential real estate business Trevian Asset Management Oy is expanding its business to residential real estate. Kim Särs, LL.M., has been appointed Director of the business area to be established, and a member of the management team: “We are currently looking for projects that are seeking funding.” Prior to joining Trevian on June 1, 2020, Kim Särs has worked at LocalTapiola Group for 14 years. Since 2014, he has served as CEO of alternative funds and before that as Real Estate Fund Director. The maximum value of the managed assets was EUR 1.8 billion. “For me, building is part of development of society, and it needs to be diverse in terms of services. The development of meeting places, especially for young people, is not only important, but also a prerequisite for the development of creativity. There are a lot of one person households today,150
You’ve Survived the Move . . . Now What?
The house hunting is done, the boxes are all in, and you are in your new home! All is perfect, right? It will be, but may not be just yet! In reality, the next chapter has just begun, and you want to write it carefully. Settling into your new house can be an exciting experience, but don’t overlook the necessary steps to make it “HOME.” Here are a few quick steps to making that house a home to ensure everyone is on board with setting up the space to best accommodate your family. Let the children have a say in some décor—perhaps it’s a paint color for their room, or input on the wall where the couch will be positioned. Your children’s involvement will add a delightful personal touch. It’s now HOME. Offer some consistency. Yes, it’s a new house and fresh start, but did you have a staple painting150
TURNBERRY OCEAN CLUB RESIDENCES ANNOUNCES 50% SALES MILESTONE
Recent trend of purchasing side-by-side residences to create the feeling of an estate home but with amazing ocean views and an amenity-rich lifestyle Turnberry Associates, one of America’s premier real estate development and property management companies, announced today that its luxury residential development Turnberry Ocean Club Residences is already half sold — even though the building is now just going vertical. The strong sales in advance of verticality underscore the appeal of the luxury and amenity-rich offering that Turnberry Associates has brought to the market. One distinguishing trend is buyers purchasing multiple residences to create family estates in the sky. With unparalleled amenities like a sky club, spa, kids club and more, Turnberry Ocean Club offers something for the entire family. The project is anticipated to be completed next year, near the end of 2019. “We are thrilled to be 50% sold at this point in our development. It’s quite150
Home prices Climb Higher In Ill
Illinois home prices climb higher in November; sales shift lower Home prices Climb Higher In Illinois. Total existing-home sales , completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 1.9 percent from October to a seasonally adjusted rate of 5.32 million in November. Sales are now down 7.0 percent from a year ago (5.72 million in November 2017).
Tallest Building in Western US to be Built by 100% Minority Group’s $1.2B Development After Unanimous Selection by LA City Council
Angels Landing Partners LLC, a 100% minority-owned team comprised of the Peebles Corporation, MacFarlane Partners and Claridge Properties, has been selected by the City Council of the City of Los Angeles, California to manage development of the coveted Angels Landing Site, and will build the tallest building in the Western US as part of the plan. “Our team is inspired by the great opportunity to transform the Los Angeles skyline with our iconic building, enhance residential life downtown, and forever change how large buildings are built in Los Angeles by ensuring that all residents and businesses receive equal access to career and business opportunities. We look forward to working with the City of Los Angeles and their team, Council member Jose Huizar and the Chief Legislative Analyst, Oscar Ixco,” said Don Peebles, Chairman and CEO of the Peebles Corporation. Following a unanimous approval from the City of Los Angeles Economic150