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Equity Rich and Holding Tight: The Over-50 Homeowner's Advantage

Mr Mortgage Show: Mortgage and Housing News

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Episode  ·  39:20  ·  Mar 10, 2024


This week on The Mr. Mortgage Show, we delve into the demographics of homeownership in the United States, focusing on a striking trend: the average age of homeowners is over 50, and they're sitting in an enviable financial position. With no urgency to sell, this group of homeowners is equity rich, thanks to years of property value appreciation. We explore how this substantial equity allows them to weather higher interest rates and potential economic downturns with relative ease, setting them apart from younger, aspiring homeowners.The episode highlights the growing divide in housing affordability, shining a light on the stark reality that the current market challenges are primarily felt by those outside the homeowner's circle. Tune in as we dissect the implications of this disparity, discuss strategies for different age groups navigating the real estate market, and consider what this means for the future of homeownership and market dynamics.Jen is in the studio keeping, woman-ing the anytime hotline and doing her best to prevent Mark from singing!Learn more about Mark Eitel, the team, and the Show at www.MrMortgageRadio.com for more information or call/text 1-855-462-7292 the anytime hotline Thanks for tuning in, and we'll see you on the next episode of "The Mr. Mortgage Show"Let's Connect! Feel Free to Call Text or Email Mark Eitel NMLS #1929005Call or Text us: 561-935-5474 (Main Office)Email: mark@mr.mortgage

39m 20s  ·  Mar 10, 2024

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