HECM Trends is all about big picture changes and geographic highlights. With more changes on the horizon, let’s see what looks interesting below the surface level national statistics.
Jan-July is down -32.3% compared to last year, but some spots are showing growth:
- Salt Lake City and County are both up, growing 11.8% and 5.3%, respectively
- Arizona has 3 of the top 10 zip codes (bottom right of page 1), with 2 looking like beneficiaries of Sun City finally being opened for HECM originations
- The last Arizona zip code showing growth (86305) is closer to Prescott, and might have a different reason for growth
- Last but not least, a lone California zip code is showing growth in the top 10, over in Palm Desert
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.