Home Values Starting to Rise
I recently read an article that indicated that several places in the midwest were starting to see a turn-around in the value of homes. Instead of staying relatively stagnant, the inventory is starting to decrease which means that supply v. demand will begin to change the direction of home prices.
This is good news for those of you considering a reverse mortgage as the value of the home is a major determining factor of how much you’ll qualify for with your reverse mortgage. It’s a careful balance between trying to wait out the market and simply needing funds or desiring funds to do the things you want to do while in retirement.