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The reverse markets where home prices are falling

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These reverse mortgage markets are seeing significant declines in median home listing prices

Real Estate Insights by Snapforce |
Nationally U.S. home prices have remained stubbornly stuck at levels that exasperate housing affordability and defy the economic fundamentals of a healthy market. Last week we investigated this phenomenon but today we are going to look at specific metros that have seen significant price drops in the states that have the largest concentration of HECM endorsements. We will also look at those markets that have seen modest appreciation.

California, Florida, Arizona, Colorado, and Texas account for 55% of all HECM endorsements in the fiscal year 2022 according to the 2022 Independent Actuarial Review of MMI Economic Net Worth for Home Equity Conversion Mortgages. To track home price trends we will be using SnapForce CRM, a tool we reviewed in detail in February which tracks US home listing prices, inventory, and new construction.

Today, we will be focusing on median list prices and price reductions by county with the areas

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Editor in Chief: HECMWorld.com
 
As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.
 
Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.
 
Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.

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