It’s been a while since we’ve published the HECM Trends report and this is a great time to show where reverse volume is happening.
The whole industry has grown on a unit volume basis this year (15% as of July) and while it’s true that a rising tide lifts all boats, there’s something to be said for putting your line in the water where fish are biting:
- The top 10 states ranking on page 1 shows Arizona, California and North Carolina all soundly exceeding the 15% industry growth rate nationally (with Florida slightly besting that rate at 17.5%)
- The top 10 counties ranking just below that shows 3 California counties at the top: Los Angeles, Orange and San Diego (with Riverside close behind at 6th)
- At the bottom of page 2, we can see 4 California cities at the top of growth rankings by Maximum Claim Amounts: San Diego, Los Angeles, San Jose, and Mission Viejo (our humble hometown).
We love to illustrate how to use our reports to increase your business and picked on California because it’s a great reverse mortgage market and we’re most familiar with the golden state. You can make a case for where to be in whatever state you’re licensed by following a similar approach.
Find your state/county/city/zip in the full report below (click on the image) or feel free to give us a shout if you’d like a personal walk through.