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Douglas Elliman Expands into Basalt, Colorado

PR Newswire

Premier independent real estate brokerage expands to Mid-Valley with a new office Near Aspen


BASALT, Colo.
, July 26, 2022 /PRNewswire/ — Douglas Elliman Realty, one of the largest independent residential real estate brokerages in the United States, announced today that it has expanded its footprint in Colorado. With the opening of a new office in Basalt — its fourth office in the state — the company is well positioned to bring its market expertise and unparalleled service to the Mid-Valley communities of Basalt, Carbondale and Glenwood Springs, near Aspen where Douglas Elliman consistently sets record-breaking sales. Located at 310 Market Street, the 800-square-foot office will provide space for both agents and staff members.

With more than 330 active listings, the Mid-Valley is poised to exceed the $943 million in total sales volume generated in 2021. *Statistics provided by Land Title Guarantee and Aspen Glenwood MLS.

“Like the increasing numbers of homebuyers and investors drawn to the region, we see tremendous opportunity in Colorado’s Mid-Valley,” said Scott Durkin, CEO, Douglas Elliman Realty. “With the current inventory and growing demand for new developments, we expect to substantially increase our market share.”

As a result of remarkable sales activity in nearby Aspen over the past two years, numerous Aspen sellers have taken their financial gains and migrated to the Mid-Valley. And with two luxury country clubs—The Roaring Fork Club in Basalt and Aspen Glen in Carbondale—the region has become a draw for out-of-state buyers, including from Texas.

“Our strong sales in Aspen propelled Douglas Elliman to the number two position in overall market share,” said Stephen Kotler, CEO of Douglas Elliman Realty’s Western Region. “Our new presence in Basalt combined with our ability to leverage our national and international referral network positions us to replicate that success in the Mid-Valley.”

“With the increased demand for new inventory, numerous development projects are currently under construction or scheduled to break ground over the next 12 months,” said Edmund Foran, Executive Manager of Sales and Managing Broker, Aspen and Snowmass Village, for Douglas Elliman Realty. “Having a visible presence in the Mid-Valley will enhance our ability to secure new listings.”

Some of Elliman’s current listings in the Mid-Valley communities include 5616 County Rd 100 in Carbondale listed by Amy Doherty and Julia Herman for $9.8 million, 227 Sage Rim Circle in Basalt listed by Mary Kate Farrell for $9.925 million, 1270 County Road 240 in Glenwood Springs, a 1123 acre ranch on the Colorado River listed by Michael Latousek for $38.647 million and 2561 Frying Pan Road in Basalt, featuring 137 acres and half a mile of frontage of Gold Medal fly fishing on the Frying Pan River for $15.95 million also listed by Michael Latousek.


About Douglas Elliman Inc. 

Douglas Elliman Inc. (NYSE: DOUG, “Douglas Elliman“) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Colorado, Texas and Nevada. In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology (“PropTech”) solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets. Additional information concerning Douglas Elliman is available on its website, www.elliman.com.

Investors and others should note that we may post information about Douglas Elliman on our website at www.elliman.com or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman to review the information we post on our website at www.elliman.com and on our social media accounts.

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SOURCE Douglas Elliman Realty

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MPLX LP Announces Quarterly Distribution

PR Newswire


FINDLAY, Ohio
, July 26, 2022 /PRNewswire/ — The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.7050 per common unit for the second quarter of 2022, or $2.82 on an annualized basis. The distribution will be paid on Aug. 12, 2022, to common unitholders of record as of Aug. 5, 2022.

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat 100% of MPLX’s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, MPLX’s distributions to non-United States investors are subject to federal income tax withholding at the highest applicable effective tax rate.

About MPLX LP 

MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. MPLX’s assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at www.mplx.com.

Investor Relations Contacts: (419) 421-2071

Kristina Kazarian, Vice President
Jamie Madere, Manager
Isaac Feeney, Analyst

Media Contact: (419) 421-3312
Jamal Kheiry, Communications Manager

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SOURCE MPLX LP

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Getty Images Announces Recipients of Annual Inclusion Grants

Eight photojournalists from around the world collectively awarded $40,000 in grants

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Inclusion Grant 2022

NEW YORK, July 26, 2022 (GLOBE NEWSWIRE) —  Getty Images, a preeminent global visual content creator and marketplace, has today announced the recipients of its annual Getty Images Inclusion Grants. Totaling US$40,000, the grants aim to support emerging editorial talent within underrepresented groups, offering aspiring photojournalists the creative means and solutions to pursue education that will enable careers within the industry.

For this year’s program, eight grants of $5,000 each were awarded to editorial photographers and videographers from different professional specialties, including News, Sport, Arts & Entertainment and Multimedia. They were developed in partnership with Women Photograph, a non-profit working to elevate the voices of women and nonbinary visual journalists, and Diversify Photo, a community of photographers, editors, and visual producers working to diversify how people interact with media.

The Inclusion Grants are part of Getty Images’ wider grants program, which since its inception has donated over US$2.4 million to photographers and videographers around the world. The winners of the eight grants, split across four key specialties, are:


News

  • Mahé Elipe – French photographer based in Mexico City. Her documentary work focuses on the human condition with a particular interest in the place of women in society. 
  • Lexi Parra – Venezuelan-American photographer and community educator based in Caracas, Venezuela. Her work focuses on youth culture, the personal effects of inequality and violence, and themes of resilience. 


Sports

  • Ana Elisa Sotelo – Peruvian documentary photographer and filmmaker, focusing on gender narratives and how humans interact with their environment.
  • Ivan McClellan – American photographer focused on shedding light on Black cowboy culture, elevating their stories in popular media.


Arts & Entertainment

  • Barbara Peacock – American photographer focused on telling the shared American story through intimate portraits in local communities and homes.
  • Brandon Watson – American photographer focused on the obscure, yet dynamic, subcultures of society.


Multimedia

  • Rehab Eldalil – Egyptian documentary photographer focused on the broad theme of identity explored through participatory creative practices.
  • Melissa Perez Winder – American photographer and multimedia journalist.

“The submissions we saw during this year’s program were extremely varied in focus and style of storytelling, which was inspiring,” said Ken Mainardis, SVP of Content at Getty Images. “We’re proud to work with our partners and such an experienced group of judges from across the industry and beyond to award these grants to talented photographers and videographers from across the globe.”

Recipients were selected by an esteemed panel of judges convened by Women Photograph, Diversify Photo and Getty Images, comprising accomplished professionals from the fields of photography and journalism:

  • Alissa Ambrose – Director of Photography and Multimedia, STAT News
  • Mona Boshnaq – Photo Editor, The New York Times
  • Brian Frank – Documentary Photojournalist
  • Candida Ng – Photo Editor, AFP 
  • Allison Stewart – Photo Editor, Godfrey Dadich 
  • Danielle Scruggs – Picture Desk Editor, Getty Images 
  • Alex Garcia – Independent Photographer and Director 
  • Joe Rodriguez – Senior Visuals Editor, Rolling Stone 

The Getty Images Inclusion Grants are open to photographers around the world with the aim of promoting greater diversity and inclusion within the photographic and media industries. For further information, see here.

Image credits (clockwise from top left): Ivan McClellan, Brandon Watson, Barbara Peacock, Ana Elisa Sotelo, Mahé Elipe, Rehab Eldalil, Lexi Parra

Media Contact

Alex Lazarou: [email protected]



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Hunter Communications Appoints Ehrika Gladden to Board of Directors

PR Newswire

Seasoned technology leader will help expand company’s sales efforts


MEDFORD, Ore.
, July 26, 2022 /PRNewswire/ –Today, Hunter Communications announced the appointment of IT industry veteran, Ehrika Gladden, to the company’s board of directors. Gladden brings more than three decades of progressive executive leadership experience, managing IT and telecom divisions, and will aid in the development of Hunter’s sales strategy and efforts to increase market penetration throughout Oregon.

“I’m honored to welcome Ehrika to our board of directors,” said Michael Wynschenk, CEO, Hunter Communications. “As we continue to grow and expand into new markets, having a member of the Board with Ehrika’s background and expertise will help us better serve our customers, in particular our business customers. Ehrika’s global telecom leadership experience adds a perspective that is critical to Hunter’s long-term business goals.”

In her previous roles with Logitech, Cisco, and Avaya Gladden led multibillion and multimillion dollar global P&L’s driving growth for Video Collaboration, Sustainability Products, UCaaS, Services, and Telephony. Her responsibilities included managing the delivery of the P&L for Sales, Marketing, Digital Sales, Channels, and Operations leaders ensuring customers leveraged true solutions value. Gladden currently sits on the Board of Directors of City National Bank (NYSE:CYN). She has been nationally recognized for her inclusive leadership development initiatives and practices. In 2019, Savoy named her one of the Top 50 Influential Women in Businesses and in 2018 Black Enterprise named her as one of the Top 50 Blacks in Technology.

“Hunter is driven by a goal of helping people create meaningful connections, and I’m excited to bring a global lens to that mission,” said Gladden. “Universal access to high-speed internet is essential in today’s world, and I feel very privileged to take on this role at this time.”

Gladden joins the board alongside Wynschenk and current members including: Nikola Trkulja, managing director, Grain Management; Michael McKenzie, managing director, Grain Management; and Richard Ryan, founder, Hunter Communications.

About Hunter Communications

Hunter Communications provides award winning fiber optic broadband internet, fixed wireless services, voice services, and managed IT to business and residential customers in communities throughout Oregon and northern California. With Gig speeds, no data caps, and competitive pricing, Hunter’s 2,000+mile fiber network is nationally recognized for performance and reliability. BroadbandNow recognized Hunter with four 2020 Internet Service Provider Awards, including for fastest business internet speeds in Oregon and among the top 10 nationwide. In 2022, PC Magazine recognized Hunter as one of the top internet service providers for gamers in the Northwest.

Founded in 1992, Hunter is headquartered in Medford, Oregon where the company established a legacy of service excellence and commitment to local communities. Hunter Communications was acquired in 2020 by Grain Management, LLC. Additional information is available at Hunterfiber.com.

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SOURCE Hunter Communications

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ISG to Examine Human Capital Management Platforms

ISG to Examine Human Capital Management Platforms

Upcoming ISG Provider Lens™ report will evaluate platforms that help enterprises recruit, train, manage and retain skilled workers to achieve business objectives

STAMFORD, Conn.–(BUSINESS WIRE)–
Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, has launched a research study examining human capital management (HCM) platforms that enterprises use to optimize the human side of their business for competitive advantage.

The study results will be published in a comprehensive ISG Provider Lens™ report, called HCM Technology Platforms 2022, scheduled to be released in December. The report will cover companies offering technology solutions for core HCM functions, talent management and recruiting.

Enterprise buyers will be able to use information from the report to evaluate their current vendor relationships, potential new engagements and available offerings, while ISG advisors use the information to recommend providers to the firm’s buy-side clients.

With the current tight market for skilled resources and evolving expectations around work, human capital management is increasingly vital to achieving strategic goals and competitive advantage. HCM technology solutions can help organizations become more agile, train or retrain workers and offer a superior employee experience. They can also maximize the productivity of the workforce, which usually makes up the largest cost component of an operating budget.

“Enterprises need effective people management more than ever,” said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. “HCM technology platforms support the decisions of people managers to attract and retain great employees, resulting in significant value creation.”

ISG has distributed surveys to approximately 50 HCM platform providers. Working in collaboration with ISG’s global advisors, the research team will produce three quadrants representing the digital services and products the typical enterprise is buying, based on ISG’s experience working with its clients. The three quadrants are:

  • Core HCM Technology Plus Talent Management — Large Market, evaluating providers of SaaS solutions for automating and enabling core HR functions, such as payroll, benefits administration and workforce management, for large organizations.
  • Core HCM Technology Plus Talent Management — Midmarket,assessing providers of SaaS platforms that are appropriate for automating and enabling core HR functions in midsize enterprises, including payroll, benefits administration and workforce management.
  • Best-of-breed Recruiting Technology, covering SaaS solution providers that mostly or only offer technology for automating and enabling aspects of the recruiting or talent acquisition process. These vendors can provide solutions on a multi-country or multi-region basis that are readily adaptable to a region’s compliance needs.

A report produced from the study will cover the global HCM technology platform market and examine available products and services. ISG analysts Saskia Goods, Stacey Cadigan, Steve Goldberg and Akshay S Hiremath will serve as authors of the report.

An archetype report will also be published as part of this study. This report, unique to ISG, is the study of typical buyer types of HCM services as observed by ISG advisors.

A list of identified providers and vendors and further details on the study are available in this digital brochure. Companies not listed as HCM technology providers can contact ISG and ask to be included in the study.

All 2022 ISG Provider Lens™ evaluations now feature new and expanded customer experience (CX) data that measures actual enterprise experience with specific provider services and solutions, based on ISG’s continuous CX research. Enterprise customers wishing to share their experience about a specific provider or vendor are encouraged to register here to receive a personalized survey URL. Participants will receive a copy of this report in return for their feedback.

About ISG Provider Lens™ Research

The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG’s global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG’s enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.

A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

Press:

Will Thoretz, ISG

+1 203 517 3119

[email protected]

Julianna Sheridan, Matter Communications for ISG

+1 978-518-4520

[email protected]

KEYWORDS: Connecticut United States North America

INDUSTRY KEYWORDS: Consulting Technology Professional Services Security Other Technology Data Analytics Software Networks Internet Mobile/Wireless Human Resources

MEDIA:

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Ultralife Corporation Awarded $4.6 Million Communications Systems Vehicle Amplifier-Adaptor Order

NEWARK, N.Y., July 26, 2022 (GLOBE NEWSWIRE) — Ultralife Corporation (NASDAQ: ULBI) has been awarded a purchase order valued at approximately $4.6 million to supply its Vehicle Amplifier-Adaptors (“VAA”) to a global prime defense contractor. Ultralife’s VAA platform provides the soldier with an enhanced range of digital voice and data communications and operational flexibility. Shipments are expected to commence in 2022.

“We are delighted to receive this order that further attests to the effectiveness of our new product development strategy of designing and building technically advanced, integrated communication systems devices in collaboration with our strategic partners,” said Michael D. Popielec, Ultralife’s President and Chief Executive Officer.

About Ultralife Corporation

Ultralife Corporation serves its markets with products and services ranging from power solutions to communications and electronics systems. Through its engineering and collaborative approach to problem solving, Ultralife serves government, defense and commercial customers across the globe.

Headquartered in Newark, New York, the Company’s business segments include Battery & Energy Products and Communications Systems. Ultralife has operations in North America, Europe and Asia. For more information, visit www.ultralifecorporation.com.

Company Contact:


Ultralife Corporation


Philip A. Fain

(315) 210-6110


[email protected]  		Investor Relations Contact:


LHA


Jody Burfening

(212) 838-3777


[email protected] 



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WEC Energy Group to announce 2022 second-quarter results Aug. 2

PR Newswire

MILWAUKEE, July 26, 2022 /PRNewswire/ — WEC Energy Group Inc. (NYSE: WEC) will issue its 2022 second-quarter earnings news release before the stock market opens Tuesday, Aug. 2. A conference call for investors and security analysts is scheduled for the same day at 1 p.m. Central time.

Detailed financial information will be available on the WEC Energy Group website by 6:30 a.m. Central timeAug. 2.

To listen to webcast

  • Go to wecenergygroup.com.
  • Under ‘Webcasts,’ select ‘Q2 Earnings’ at any point within 15 minutes of the start of the call.

To listen to conference call

  • Conference ID: 3088105
  • Live: 888-330-2443. International: 240-789-2728.
  • Replay: 800-770-2030. International: 647-362-9199.
  • (replay available for two weeks following event)

WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation’s premier energy companies, serving 4.6 million customers in Wisconsin, Illinois, Michigan and Minnesota.

The company’s principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. Another major subsidiary, We Power, designs, builds and owns electric generating plants. In addition, WEC Infrastructure LLC owns a growing fleet of renewable generation facilities in the Midwest.

WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. The company has 38,000 stockholders of record, 7,000 employees and more than $39 billion of assets.

 

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SOURCE WEC Energy Group

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Northrop Grumman Named a 2022 Best Place to Work for Disability Inclusion

The company scored 100 percent on the Disability Equality Index

FALLS CHURCH, Va., July 26, 2022 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE: NOC) has been named a Best Place to Work for disability inclusion by Disability:IN and American Association of People with Disabilities for the eighth consecutive year. The company earned a score of 100 percent on the 2022 Disability Equality Index (DEI) for implementing leading disability inclusion practices.

The DEI is a benchmarking tool to measure disability workplace inclusion, assessing factors like culture and leadership, enterprise-wide access, community engagement and employment practices such as recruitment, education and retention. Northrop Grumman has participated since the index’s inception in 2015, and the company uses the factors to continuously evolve inclusion practices.

“At Northrop Grumman, we believe that a work force and workplace that values diversity and inclusion is pivotal to promoting innovation and increasing productivity and profitability,” said Kenny Robinson, vice president and chief diversity officer, Northrop Grumman. “This honor is a reflection of our commitment to building empathy and inclusivity for one another, so everyone is supported and respected.”

Northrop Grumman is committed to improving accessibility for all employees, building on foundational programs for hiring, employee development and education around resources. Northrop Grumman also has relationships with the Disability Student Offices on college campuses and provides Advanced Higher Education funding. Once onboard, the company has a network of Employee Resource Groups (ERGs) with more than 25,000 employees to build partnerships and provide further inclusion efforts, resources and education across the workforce. This includes the VOICE ERG which fosters an inclusive environment for persons with disabilities and employees that are caregivers to family members in need.

Northrop Grumman remains focused on advancing a more equitable environment for everyone as a core company value. Northrop Grumman was also recently recognized as a top company for diversity by DiversityInc and as the private-sector employer of the year by Careers and the DisABLED magazine. For more information about Northrop Grumman’s diversity and inclusion efforts, visit the 2021 Sustainability Report.

Northrop Grumman is a technology company, focused on global security and human discovery. Our pioneering solutions equip our customers with capabilities they need to connect, advance and protect the U.S. and its allies. Driven by a shared purpose to solve our customers’ toughest problems, our 90,000 employees define possible every day.

Contact:     Vic Beck
Director, Media Relations
703-280-4456
[email protected]
     



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Older Homeowners Least Likely Cohort to Consider Tapping into Home Equity Despite Record Property Values, According to New Research from FAR

Older Homeowners Least Likely Cohort to Consider Tapping into Home Equity Despite Record Property Values, According to New Research from FAR

Inaugural“Home Equity Punch List” Survey Indicates Less Than Half of Baby Boomers Consider Home Equity in Long-Term Financial Planning

Findings Shine Light on Knowledge Gap, Educational Opportunities for Homeowners and Financial Advisors on Holistic Retirement Plans

SAN DIEGO–(BUSINESS WIRE)–
Finance of America Reverse LLC (FAR), a leading retirement solutions innovator and part of Finance of America Companies (NYSE: FOA), today announced the publication of its first-ever Home Equity Punch List.

FAR commissioned The Harris Poll to survey 2,000 U.S. homeowners 18 and older who live in the United States to obtain an understanding of home equity and its potential uses, as well as if and how home equity can fit into homeowners’ long-term financial goals. FAR intends to publish the survey annually and track homeowners’ perceptions and home equity utilization over time.

The survey’s inaugural findings reveal that older homeowners are nearly two times less likely than younger generations to consider utilizing home equity loans. This is despite being in a position to potentially benefit the most from these financing solutions with U.S. homeowners age 62 and older holding more than $10.6 trillion in housing wealth. A combination of factors can explain why 94% of Silent Generation and 89% of Baby Boomer respondents said they were unlikely to use home equity products including a reticence to consider the merits of home equity, a noted lack of knowledge around product benefits, and misaligned expectations that financial advisors would recommend home equity solutions if appropriate for their clients.

These findings underscore the need for a greater collective understanding of the merits of housing wealth leverage for certain older homeowners, including a deeper understanding within the financial advisor community. Strikingly, 90% of survey respondents with a financial advisor trust they would suggest a home equity loan if in their best interest. Yet only 29% of survey respondents with a financial advisor have ever spoken with them about a home equity loan. This statistic aligns with other industry data as well. According to a recent study by The Academy of Home Equity in Financial Planning, nearly two-thirds of financial advisors (63%) either can’t talk about or are not sure about their ability to speak to home equity. In this gap, FAR sees an opportunity for both consumers and financial advisors to learn about the stabilizing impact of housing wealth for 55+ homeowners and for a senior lending expert to play a role in the retirement planning conversation.

For FAR President Kristen Sieffert, these findings illustrate a prime opportunity to lean further into FAR’s education-first approach to home equity and using a reverse mortgage as part of a holistic retirement strategy. Sieffert commented, “Older homeowners have an incredible opportunity in today’s housing market to tap into a vital alternative source of funding. When you consider that many older Americans are living on a fixed income and are likely drawing on severely depreciated retirement accounts to pay bills, tapping into home equity may make sense given the historic home valuation levels. The survey results validate what FAR has long believed and evangelized through our partnership with the Financial Planning Association and our consumer marketing efforts – that an overwhelming majority of older Americans are not considering home equity in their approach to retirement but many should. This is why it is crucial that we continue to illustrate how they can check off more items on their punch list, including securing their golden years, by incorporating this asset into their retirement strategy. For thousands of U.S. homeowners, a home equity product such as a reverse mortgage may be the key difference in a plan that successfully sees them thrive through volatile years.”

Home Equity Punch List

The survey findings offer insights into the potential ways homeowners might use their home equity, as well as the different factors that influence how homeowners view home equity and home equity products. Below is a snapshot of high-level findings that will be tracked and analyzed on an ongoing basis to provide an overview of the home equity landscape in the U.S.

  • 86% of respondents said their home’s value has increased since they bought it.
  • 85% of respondents said buying a home was the best investment they ever made.
  • 84% of respondents stated they want to live in their home for as long as they are able.
  • Roughly 1 in 4 respondents (28%) indicated they are likely to take out a home equity loan in the future.
  • Just over one-third of respondents (37%) have taken out a home equity loan before, with the majority (55%) using a HELOC.
  • Of the 37% who have taken out a home equity loan, nearly two-thirds (60%) used their loan for home improvements or paying off debt.
  • With access to 20-50% of their home’s value, most respondents would allocate the proceeds to: home improvements (33%), increasing retirement savings (30%) or paying off debt (26%).
  • Among those unlikely to take out a home equity loan, the leading reasons include a lack of interest/need (42%) and not wanting to take on more debt (16%).

Detailed Survey Findings

Homeowners Closest to Retirement Are Least Likely to Utilize Their Home Equity

While older homeowners in the Baby Boomer and Silent Generation demographics are more likely to benefit from tapping into their home equity, they are the least likely to consider actually utilizing it due to risk perceptions, lack of product awareness, and perceived need.

  • Those 55+ that indicated they were anxious about their ability to live comfortably in retirement are much more unlikely to take out a home equity loan (82%).
  • Older generations are two times less likely to consider taking out a home equity loan compared to younger generations (94% of Silent Generation; 89% of Boomers; 61% of Gen X; 39% of Gen Z/Millennials).
  • Less than half of Boomers (47%) considered home equity as a factor in their financial planning approach, compared to 74% of Gen X and 83% of Gen Z/Millennials.
  • Among those respondents who have not taken out a home equity loan, 54% of Boomers and 65% of the Silent Generation stated it was due to lack of interest or perceived need.

Compared to younger generations, Boomers and the Silent Generation respondents indicated they were the least familiar with HELOCs and HECMs. Knowledge of home equity loan features was low among all respondents.

  • Compared to younger generations, Boomers and the Silent Generation indicated they were the least familiar with HELOCs and HECMs.
    • HELOC Familiarity: 63% of Gen Z/Millennials; 60% of Gen X; 58% of Boomers: 57% of Silent Gen
    • HECM Familiarity: 59% of Gen Z/Millennials; 46% of Gen X; 37% of Boomers; 37% of Silent Gen
  • 64% of respondents were either misinformed or unsure that some home equity loans can be used to eliminate your monthly mortgage payment.

Preparing for Retirement is a Top Priority for Homeowners

Across all ages, respondents expressed a strong desire to save and to plan for their future retirements, and to retire early if possible. A majority, however, experience anxiety over whether they will be able to achieve their desired lifestyle in their later years.

  • Top financial priorities for all respondents include: 39% want to save for the future; 35% want to save for retirement; 26% want to increase their emergency savings; 25% want to become debt free / pay off debt.
  • 68% of all respondents expressed a desire to retire and then age in place, yet more than half (53%) of respondents also expressed that they are anxious about their ability to live comfortably in retirement.

Older generations expressed a strong interest in retiring and aging in place and reducing costs.

  • 76% of Silent Generation and 72% of Boomers expressed interest in retiring and aging in place.
  • Reducing monthly cost of living is top priority for the Silent Generation (34%) and Boomers (27%), compared to one-in-five Gen X (20%), and roughly one-in-10 Gen Z/Millennials (13%).

Both Homeowners and Financial Advisors Could Benefit from Home Equity Education

Financial advisors represent a trusted resource about finances and retirement planning, but survey findings indicate only a small percentage of financial advisors incorporate home equity into their planning discussions with clients. Limited awareness or misaligned expectations about home equity products likely complicates these discussions with financial advisors and their clients. This may be because financial advisors aren’t licensed to sell home equity products, so other professionals may be needed to provide informed recommendations about how to utilize home equity. Therefore, homeowners should also seek out their own information and resources to better understand how to manage their home equity and be sure to consult with a licensed loan officer if they are interested in pursuing home equity products.

  • 9 in 10 respondents trust their financial advisor would discuss a home equity loan if it is in their client’s best interest.
  • Of those surveyed with a financial advisor, only 29% have ever spoken with their advisor about a home equity loan.

Given respondents’ desire to pay off and better manage their debt coupled with an interest in learning more about home equity, there could be an opportunity to boost awareness of home equity solutions and equip financial advisors with more information to support clients’ goals.

  • 67% of respondents stated that they want to receive advice on how to manage debts and liabilities from their financial advisor.
  • 43% would be interested in a home equity loan if they knew more about it.

Jason Rudman, Chief Customer Officer at Finance of America Companies, said: “Homeowners are sitting on more equity today than ever before. Whether through reverse or hybrid retirement mortgages, home improvement loans, or other innovative products, Finance of America is committed to delivering a diverse set of flexible, end-to-end home financing and home equity solutions that work best for our customers and their families. With such a broad offering, we are proud to be able to walk alongside our customers and provide strategic guidance about the ways to utilize their home equity at every step of their lifelong financial journey.”

For a more in-depth look at the Home Equity Punch List, please visit http://exploreretirement.far.com/homeequitypunchlist to access additional data and insights from the survey.

About The Harris Poll

The Harris Poll is one of the longest running surveys in the U.S. tracking public opinion, motivations and social sentiment since 1963 that is now part of Harris Insights & Analytics, a global consulting and market research firm that delivers social intelligence for transformational times. We work with clients in three primary areas: building 21st-century corporate reputation, crafting brand strategy and performance tracking, and earning organic media through public relations research. Our mission is to provide insights and advisory to help leaders make the best decisions possible. To learn more, please visit www.theharrispoll.com.

Survey Methodology

The Harris Poll conducted the survey online on behalf of Finance of America Reverse, from June 2nd – 9th, 2022, among n=2000 US homeowners 18+ who live in the United States. Figures for age by sex, education, income, race/ethnicity, household size, marital status, and region were weighted where necessary to bring them into line with their actual proportions in the population.

About Finance of America Reverse

As a retirement solutions company and part of the Finance of America Companies (NYSE: FOA) family of companies, Finance of America Reverse is committed to empowering people with the tools they need to achieve financial independence and get to work on retirement. Through its team of Licensed Loan Officers and network of professional and wholesale partners, Finance of America Reverse offers reverse mortgage products and services designed to help older Americans include home equity in their retirement plans. The company is licensed nationally and is a proud member of the National Reverse Mortgage Lenders Association (NRMLA).

For more information, please visit www.far.com or find us on Facebook, LinkedIn or Twitter.

About Finance of America Companies

Finance of America (NYSE: FOA) is a dynamic consumer lending platform that provides customers at various stages in life with access to a diverse range of flexible, end-to-end home financing and home equity solutions. Product offerings include mortgages, reverse mortgages, and loans to residential real estate investors distributed across retail, third-party network, and digital channels. In addition, Finance of America offers complementary lending services to enhance the customer experience, as well as capital markets and portfolio management capabilities to optimize distribution to investors. The Company is headquartered in Plano, TX. For more information, please visit www.financeofamerica.com.

For Finance of America Reverse

Quincy Mix

Sloane & Company

[email protected]

For Finance of America

Media Relations: [email protected]

Investor Relations: [email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Construction & Property Insurance Human Resources Seniors Finance Banking REIT Professional Services Consumer Residential Building & Real Estate

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Media Alert: Join Intel Innovation on Sept. 27-28

Media Alert: Join Intel Innovation on Sept. 27-28

CEO Pat Gelsinger and other Intel leaders will showcase the technology, tools and training to empower the world’s developers to create what’s next.

SANTA CLARA, Calif.–(BUSINESS WIRE)–
Join Chief Executive Officer Pat Gelsinger, Chief Technology Officer Greg Lavender and other Intel leaders at Intel® Innovation, a technology showcase dedicated to spotlighting the tools, training and community created to empower the world’s developers to create what’s next.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220726005206/en/

At Intel Innovation 2022, CEO Pat Gelsinger and other Intel leaders will showcase the technology, tools and training to empower the world’s developers to create what’s next. (Credit: Intel Corporation)

At Intel Innovation 2022, CEO Pat Gelsinger and other Intel leaders will showcase the technology, tools and training to empower the world’s developers to create what’s next. (Credit: Intel Corporation)

When: Sept. 27-28

Where: San Jose McEnery Convention Center, San Jose, California

Livestream: Watch the Day 1 and Day 2 keynotes live on the Intel Newsroom; 9-10 a.m. PDT daily

Event Registration:Intel Innovation website

The two-day hybrid event is a technical conference designed to benefit global developers, architects, business leaders, creators and students. The packed agenda allows this valued community to get up to speed with the latest Intel technologies and tools, innovative new computing solutions, hands-on labs and tutorials, networking and community-building, and interaction with top Intel and industry experts.

To see and experience what comes next, visit the Intel Newsroom and follow along on social media with @IntelNews and @Intel on Twitter, @Intel on Instagram and Intel on Facebook.

About Intel

Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel’s innovations, go to newsroom.intel.com and intel.com.

© Intel Corporation. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.

Danielle Mann

1-973-997-1154

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Technology Other Technology Software Networks Internet Hardware

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At Intel Innovation 2022, CEO Pat Gelsinger and other Intel leaders will showcase the technology, tools and training to empower the world’s developers to create what’s next. (Credit: Intel Corporation)