reversemortgages: Why are owners staying in their homes longer today?
- 07/22/20 08:21 AM
The demand from purchasers in buying homes has been growing in strength and there is no end in sight and bidding wars have become almost the norm, especially from those that have been in rentals. I have been conversing with many buyers and they want to take advantage of the historically low-interest rates and the lower cost per month to purchase making it more affordable and are willing to provide higher offers and move out of their current rental (or parents home) into an ownership position. Many are looking at the long term (not the short term) in building equity … (2 comments)
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