In The News
I’m not sure why Golden Gateway thinks that Reverse Mortgage prospects’ home values are going up
March 10, 2010 by mpinter · Leave a Comment
Golden Gateway is a Reverse Mortgage Lender and their website vistors seem to be inputting higher values lately, so they assume that their home values are rising. They announced that “average home values for older Americans have halted their slide after remaining flat or declining for seven consecutive quarters.”
The problem is that most people have no idea what their home is worth and in many cases the person using the calculator may not even be the home owner at all (and have even less knowledge of the actual value.) It would be great if “older Americans” home values had stopped their decline, but why would “older Americans” properties be any different than the rest of the country?
Here is their data:





