HECM Trends is all about big picture changes and geographic highlights. While the big picture has been nothing short of brutal (3 consecutive months of volume below the last 2 years and a 4th on the way in next month’s update), there are always bright spots geographically.
Jan-May is down -7.2% compared to last year, but incredibly only 2 of the top 10 states by volume is down that much or more:
- Texas (-13.6%) and New York (-12.3%) are the big laggards so far this year
- On the other end of the spectrum, Washington (+22.3%) is the biggest gainer and Oregon is also positive (+5.4%)
- 6 other states are down but not as much as the nation overall
Similar trends can be found in counties, cities and zip codes on the first page of the report below. Check it out to see the quick take on a market that might make sense for you to dig into this year.
What’s missing from the free report below is trending for specific geographies (below the national level shown on page 1). That information is available and important (to make sure you’re not investing in a market bouyed by refis late last year that has recently slowed dramatically) for a proper understanding of where to invest in a tough year for reverse.
For more information reach out to Jon McCue through our website or at 682-651-5632 for your free trial.
For more on the national HECM Trends, get the full report by clicking the image below.