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Senior-held home equity bounces back in Q1 2024: NRMLA

Homeowners 62 and older saw their collective home equity levels rise in the first quarter of 2024 by roughly $328.5 billion to a total of $13.19 trillion, a recovery after decreases observed over the past year.

This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity maintained by the National Reverse Mortgage Lenders Association (NRMLA) and data analytics firm RiskSpan.

The RMMI increased to 461.28 in Q1 2024, up from the revised Q4 2023 level of 449.79. Senior home values increased to $15.5 trillion details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com