Home prices to drop 10%

Housing economist predicts home prices to drop 10% this year I found this great article today by Milken Institute Global Conference 2023: Bank stress, rate hikes, recession threats. I wanted to bring it to my news and blogs for my customers information. Housing values will drop by double digits this year, one expert is predicting,…

Americans could see promised Social Security benefits cut by 27% in just 10 years — 3 smart strategies for tapping into your benefits. Americans could see promised Social Security benefits cut by 27% in just 10 years — 3 smart strategies for tapping into your benefits Possible cuts of up to 27% to Social Security…

Why is everyone so worried about retirement? Confidence has dropped to 2008 levels. Workers and retirees have grown much gloomier about their retirement prospects. Will their bleakness last? Trouble ahead? Financial stress is rising among workers and retirees. In April 2022, when I looked through the 2022 annual Employee Benefit Research Institute (EBRI) Retirement Confidence Survey, I felt…

Retirement confidence in the US tanks by largest margin since the Great Recession Retirement confidence of Americans in having enough money for a comfortable retirement has taken the biggest dive in 15 years, according to a new survey. Just 64% of workers are very or somewhat confident they’ll have enough money to live comfortably in…

US foreclosure filings jump 22%, and repossessions hit highest level in 3 years. Luxury single-family homes in the top 20 US markets and with modest footprints between 2,500 and 3,500 square feet sold 18.6% faster between April and August 2022 than big homes between 4,500 and 5,000 square feet, according to a report by Coldwell…

Data shows older adults more likely to be denied mortgage loans Older people are denied mortgages loans at a higher rate while younger borrowers have higher HECM rejection rates: NYT Older adults tend to have higher credit ratings than any other age group in the nation. However, older Americans are also more likely to be…

Recession already here for many Americans, as buying power, credit, and social net shrinks The stock market may be closely watching the chance of an official economic recession, but many Americans across the country are already feeling the squeeze as they contend with higher prices and borrowing costs than they saw a year ago. Brougt…

Millions of older Americans are nearing retirement without a penny in savings If you ask Americans how much they’ll need for a comfortable retirement, they’ll throw out a big number: $1.25 million, to be exact. But in reality, most workers are far from reaching that goal — and there’s a significant chunk of older people who…

How to Pay for Home Care When a chronic health condition, recovery from an illness, dementia, or even the normal aging process makes it difficult for a senior to live at home safely, in-home care can provide the supervision and assistance they need to age in place. However, families are often concerned about how much…

39% of Americans say they’ve skipped meals to make housing payments: reportand 61% cite their financial situation as a stress point in their lives. The Clever Real Estate survey found that millennials faced the greatest challenge making housing payments. With inflation still at levels not seen in years, many Americans are saying they’re feeling financially…