The graph on the first page of HECM Trends makes clear that March was a welcome sign of growth for the reverse industry. 2017 volume is 10.5% higher than Q1 last year and even exceeds Q1 2015. Next month’s edition of this report will show continued encouragement from April’s volume, and we’ll get our first read on May’s volume in the interim to know just how sustained the growth might be.
In a rising market there are many boats lifted and a few areas stood out that we haven’t mentioned recently:
- Oregon is up 25.2% from Q1 2016, rising to the 10th overall ranking among states
- Aurora, CO grew 56.5% to 72 loans – good enough for 8th place among cities and the fastest growth in the top 10
- King County in Washington jumped 49.5% over last year
Find out where else HECMs are growing in our full report by clicking the image below.