According to new data released by the National Reverse Mortgage Lenders Association and Riskspan, home equity among seniors has improved over the last few years, and hit a five-year high in the third quarter of last year. Total home equity among seniors jumped 3.4%, averaging $3.46 trillion and increasing 165.7 points on the NRMLA/Riskspan Reverse Mortgage Market Index, which measures home equity among individuals who qualify for reverse mortgages. Home values continue to increase throughout the U.S., with values up in 72% of the nation’s metropolitan statistical areas. More here
