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Some home buyers may be drawn to the cachet of owning a property with a rich historical past, but there are more benefits than status.
Some older homeowners are taking out reverse mortgages to fund their daily living expenses while shoring up more financial benefits from the government. But the ramifications of this are unclear.
Lenders turned away nearly one in 10 mortgage applicants in 2017, according to real estate data firm CoreLogic.
A new effort is underway to remove barriers to financing and raise the low rate of homeownership among underserved groups of home buyers.
High-income millennials are a driving force behind many of the most active markets, according to realtor.com®.
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