February HECM endorsements came in right between 2012 and 2013 volumes for the month, but we’re likely to see monthly totals below the 2012 line for several months on our page 1 HECM Trends chart before this year is over.
The good news is that there are always places around the country showing growth no matter how bad the national trends might look.
- We’ve been beating the drum for California and Arizona these past few months and they continue to be refuges with growth >40% from last year
- San Diego and Miami are among the cities with impressive showings year to date, with 81% and 47% growth, respectively
- San Diego, Maricopa (Phoenix) and Los Angeles counties are showing fast growth
- And lastly, the old stalwart St George, UT zip code 84790 leads the way in volume but a handful of CA and FL zips are running away with the growth rate prizes
That’s all from the first page of our HECM Trends report this month! Check out 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 deep dive to see how this information can focus your opportunities.