seniors over the age of 62 areholding 33 trillion in home equity: Seniors over the age of 62 areholding $3.3 trillion in home equity - 11/03/11 04:22 AM
Seniors over the age of 62 areholding $3.3 trillion in home equity
Excerpted from RiskSpan, a leading provider of analytical software and advisory services, "Today, seniors over the age of 62 are holding $3.3 trillion in home equity. Over the next 10-20 years, even with modest to flat home price appreciation, we estimate that value could double due to the aging baby boomer demographic. Our current evaluations of U.S. census data show the population of seniors aged 62 and over is projected to grow from its current level of 50 million to 83 million by 2030".
Some tips on working with seniors:
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Rick Kellow, FHA & Reverse Mortgage Expert (Cherry Creek Mortgage) Rainmaker large

Rick Kellow

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West Bend, WI

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