Archive for 'blog'

A reverse mortgage would enable an 82-year-old woman to tap the substantial equity in her home

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Take a look at this great article on LA Times.

“Dear Liz: My healthy and active 82-year-old mother is faced with having to sell her home this year because she’s running out of money. She has lived a very minimal lifestyle for many years as her savings dwindled, and her income is now basically Social Security. She owes $25,000 on a home worth more than $700,000 in a top school district. We don’t know if we are jumping the gun with ...

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Did you know ownership is more affordable than ever?

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The apartment vacancy rate is at its lowest level since late 2001 as the rental market continues to soar, according to the latest fourth quarter data by Reis Inc. As demand increases, the vacancy rate for apartments dropped in the fourth quarter to 5.2 percent compared to 6.6 percent a year prior. “Multifamily property has been the star of the real estate sector for more than a year, generating profits for landlords but headaches for renters struggling with the economic ...

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