Sentences with phrase «number of senior homeowners»
To supplement cash flow during retirement, a growing number of senior homeowners are turning to an increasingly popular financial tool called a reverse mortgage.
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For one thing, substantial numbers of senior homeowners don't file income tax returns because of their low incomes.
Not exact matches
One change that may be contributing to the growing struggle for seniors to make ends meet is the rising number of homeowners who carry mortgage debt into retirement.
As stated previously, reverse mortgages are advantageous to senior homeowners for a number of reasons.
NPR ran a heartbreaking story on Friday about the state of crisis in which Legal Services finds itself because «the number of poor people who need legal advice has gone through the roof — more senior citizens and more homeowners who lost their jobs» while at the same time there are severe funding cutbacks.
«Since home prices bottomed out nationwide in the first quarter of 2012, the number of seriously underwater U.S. homeowners has decreased by about 7.1 million, an average decrease of about 1.4 million each year,» says Daren Blomquist, senior vice president with ATTOM Data Solutions.
In states like Florida and California with large senior populations, an increasing number of elderly homeowners are placing all or most of their assets — including their home — into a trust for tax and estate planning purposes.
One change that may be contributing to the growing struggle for seniors to make ends meet is the rising number of homeowners who carry mortgage debt into retirement.
«There are some very early signs that group of younger buyers is starting to become homeowners in greater numbers, but it's not a solid trend yet,» says Daren Blomquist, senior vice president of real estate date firm ATTOM Data Solutions.