Aging in Place or Stuck in Place?

by Shannon Hicks
| 2 Comments
| April 29, 2024

EPISODE #824

Aging in Place or Stuck in Place?

[New York Times]

“Are they aging in place, or stuck in place?” asked Linna Zhu, a research economist at the Urban Institute. “Do we need to rethink this so-called American dream? It worked for previous generations, but does it still work today?”

Other Stories:

- [CBS News Money Watch] 3 moves seniors should consider with inflation still high.
  
  [RMI] Reverse Market Insights ‘Market Minute’ with Jon McCue.
- [Housing Wire] Norcom mortgage’s former reverse mortgage team seeking a new home.

Editor in Chief: HECMWorld.com

As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.

Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.

Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.

2 Comments

James E Veale, CPA (Inactive), MBT
April 29, 2024 at 8:09 am
It seems for some seniors Aging in Place is nothing more than an euphemism.
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As to gloom and doom, it is most likely that the third quarter (ending 6/30/2024) of this fiscal year will have slightly less than 6,000 HECM endorsements. With the current trend in case number assignments, it is far more than likely that the HECM endorsements for this fiscal year (ending 9/30/2024) will not even reach 31,000, making it the worst fiscal year for endorsements in 21 fiscal years. If pressed, the strongest
case for now calls for an estimated range of between 25,000 and 27,000 HECM endorsements for fiscal year 2024.
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- Jules
  April 29, 2024 at 1:53 pm
  And your point?
  
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