“The Rising Value of Senior’s Homes,” by Seth Welborn, DS News

“Seniors are sitting on huge piles of home equity, according to a report from the National Reverse Mortgage Lenders Association (NRMLA). The NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) found that in Q2 2018, the total housing wealth of homeowners aged 62 and older in the U.S. grew to $6.9 trillion, a $130 billion in senior home equity over Q1 2018.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Good news as homeowners will have to use this equity for LTC when the bottom falls out of Medicaid. Of course, by then the bottom will likely have fallen out of the real estate market as well.

#goldencareagent
#senior’s