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Sponsored by Pillar to Post |
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Study: Is Home Equity Still a Retirement Failsafe? |
By Suzanne De Vita |
Homeownership is one of the more viable paths to a secure retirement—but many older homeowners missed the prime opportunity to leverage that equity before the recession. How much usable equity can older homeowners now expect in retirement, given the rebound in home values? A recent study by the Urban Institute explored the answer to this question, analyzing the equity patterns among older households before, during and after the recession. “Not only does a house meet the basic need of shelter, but it’s an asset that typically can be used to build wealth as homeowners pay down their mortgages,” the study’s authors state. ...
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