A recent study by Trulia shows that home prices increased from May 2013 to May 2014 by 8% which was a slow down from previous months. Markets in Las Vegas and Sacramento which increased over 20% from May 2012 to May 2013, both increased at a 15% rate this past May. The largest increase this Spring was Riverside-San Bernardino, CA at 18.8%. Click here to see the entire Trulia analysis.
This is a perfect opportunity for senior homeowners to take advantage of the real estate market and utilize a reverse mortgage to secure their equity. Click here to learn more about reverse mortgages.
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