Senior Home Equity Remains Greater Than $3 Trillion Despite Renewed Concerns About National Home Price Levels

Washington, DC – July 8, 2011 – (RealEstateRama) — An estimate of senior home equity owned by Americans aged 62 and over stood at $3.2 trillion as of the end of the first quarter in 2011, according to results from the recently released NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI). The index has tracked reverse mortgage market opportunity since 2000 by analyzing and reporting on trends in senior home values and home equity levels.