Podcast appearances and mentions of daren blomquist

Play Episode Listen Later Jun 10, 2024 52:51

Big capital gains tax bills are hitting more home sellers. Exemptions exist for up to $250K single, $500K married. Bad housing affordability means a low home ownership rate, hence, more renters. The homeownership rate has dropped from 66.0% to 65.6% in the last year. I have a hole in the roof of a rental single-family home, with about $10K in damage. Learn how I handle it. Two of the first three income properties that I bought performed poorly. VP of Market Economics at Auction.com, Daren Blomquist joins me. We learn why foreclosure activity is 10% to 20% below pre-pandemic levels. Learn about judicial and non-judicial foreclosure states. From homeowners surveyed, the top concern about falling into delinquency are rising insurance and property taxes. Auction bidders are confident about the real estate market. They're willing to pay more, which is 60% of ARV nationally. You can bid on distressed properties with your phone via Auction.com. Opportunity Zones are generally working. Resources mentioned: Nation's Largest Online RE Auction Marketplace: Auction.com For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold Complete episode transcript: Speaker Weinhold** ((00:00:00)) - - Welcome to GRE! I'm your host, Keith Weinhold, talking about a lot of housing market problems today. Capital gains taxes hitting more home sellers. Home affordability is still bad. The American homeownership rate is falling. I've got roof damage on one of my own properties. Then an update on American mortgage delinquencies and foreclosures. It's mostly bad real estate news today on Get Rich Education. Speaker Syslo** ((00:00:29)) - - Since 2014, the powerful Get Rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate, investing in the best markets without losing your time being a flipper or landlord. Show host Keith Reinhold writes for both Forbes and Rich Dad Advisors, and delivers a new show every week. Since 2014, there's been millions of listeners downloads and 188 world nations. He has A-list show guests include top selling personal finance author Robert Kiyosaki. Get Rich education can be heard on every podcast platform. Plus it has its own dedicated Apple and Android listener. Phone apps build wealth on the go with the get Rich education podcast. Speaker Syslo** ((00:01:06)) - - Sign up now for the Get Rich education podcast or visit GetRichEducation.com. Speaker Coates** ((00:01:14)) - - You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Speaker Weinhold** ((00:01:30)) - - We're gonna go from Bavaria, Germany, to Batavia, New York, and across 188 nations worldwide. I'm Keith Weinhold, and you're listening to Get Rich education. There is a large online source of foreclosure and bank owned properties that you won't find on the MLS. In fact, they are the largest in the nation, and their VP of Market Economics will be here with us later today. Home price appreciation. That has been wonderful for the last several years. But one negative consequence is the fact that more home sellers now are getting hit with big capital gains tax bills. Now we'll discuss income property shortly, but when it comes to primary residences, you probably know that if you are single, you won't pay any capital gains tax on the first 250 K profit of your sale. That 250 K exemption. That is only half of what married couples enjoy. Speaker Weinhold** ((00:02:29)) - - They don't have to pay tax on the first 500 K of profit. Yes, a $500,000 exemption on capital gains for married couples. So basically, single people in high priced markets like you often find on the coasts, they get hit the hardest. Married couples in lower priced markets more toward the heartland and in the South. Those married couples, they're more likely to get away without paying any tax on the profit from their home sale. All right, well, just what proportion of homes are we talking about here? Well, last year, 8% of sales had capital gains of over 500 K. All right, well that potentially makes them exposed to the tax hit. Compare that to a couple decades ago. That share was just over 1%. So it's gone from 1% to 8%. These are exorbitant capital gains tax events. And you know what this does. People trying to avoid that it keeps even more homes off the market. Now it's not as pronounced as the well-documented interest rate lock in effect okay. Call this the capital gains tax lock. Speaker Weinhold** ((00:03:46)) - - In effect people avoid the tax by not selling. And it makes some older people age in place. That's part of what's going on here. Because if the homeowner keeps it until they die, then the heirs, they might be able to sell it tax free due to the tax laws and capital gains taxes. Like, what rate do you actually pay that can be as high as around 20% on you for selling your primary residence if the gain exceeds those thresholds? And yeah, those thresholds, they haven't moved with inflation in quite a long time. Now, understand that right now you are living in an era where many Americans, they can't afford to live in the home that they live in right now if they tried to repurchase it at today's prices. So again, it's not the mortgage rate lag in effect here. It's the purchase price paid lock in effect. Now look, yes, overall I am a real estate market optimist. You are too, when you understand how real estate pays you five ways. But as far as anyone saying something like, oh, there is never been a better time to buy, that doesn't make any sense. Speaker Weinhold** ((00:05:02)) - - Now. At the same time, I don't see any evidence that waiting is going to do you any favors, but there have obviously been some better times to buy. In fact, do you know the best year in modern history that I can think of for buying real estate? Any idea it was the year 2013? Yeah, 2013. That's when prices were low because they still hadn't bounced much off of the GFC lows and mortgage rates. They actually were in the absurdly low threes back in 2013. Now starting in 2021 you know I have been on record on this show. I've been on record on television and on our own YouTube channel here and in Forbes and elsewhere. Since then, I've said that home prices, they're not poised to fall, they're going to stay stable or they're going to keep going up. I was perhaps one of the earlier people to point that 3 or 4 years ago that the low housing supply and the government safety nets that won't let people lose their homes, those things keep the markets buoyant. Speaker Weinhold** ((00:06:16)) - - Now, today, I see more signs that prolonged bad affordability will slow down. Home price growth in that part is bad for investors, of course. Prolonged. Bad affordability. That means something good for income centric investors at the same time, sort of like David Stockman and I touched on last week here. Yes. Souring affordability. What that means is a falling homeownership rate that would make sense in the homeownership rate. That means that just what it sounds like, that is the proportion of American homes that are occupied by their owner in the past year. Yeah, the homeownership rate has fallen, but not too much yet because there are some lag effects and other factors to account for. Like, imagine if there are new zero money down loan programs that are made available. You can see how that would make homes more affordable, even if rates and prices and wages stayed the same. So there are X factors out there and lag effects out there. In the past year, the homeownership rate has fallen from 66% down to 65.6%. Speaker Weinhold** ((00:07:33)) - - Not too much of a slide, just 4/10 of 1%. That is a Fred stat sourced through the Census Bureau. All right. So what's that really mean if you're looking for income. Well, what that means is that there are now hundreds of thousands of additional renters today than there were just one year ago. And the number of renters, those that aren't homeowners, that looks to increase in both absolute and relative terms. There's a lot of people expect the homeownership rate to continue to drop from here. Now, no investor conditions are absolutely ideal everywhere you look. In fact, of the first three investment properties that I personally bought in my life, only one of those three went really well. It was that first ever fourplex I bought because it appreciated from 295 K to 425 K in just three and a half years, and it provided some cash flow and even a place for me to live. But the second property I bought, which was also a fourplex, it hardly cash flow because I bought it at 90% loan to value, and I also bought it in 2007. Speaker Weinhold** ((00:08:46)) - - Not great timing, so its value dropped. I was a pretty new real estate investor then, and when its value dropped, it didn't return to the 530 K value that I bought it for for about six years. And then I got wiser and I started buying across state lines, since that's where the best deals often are. Well, this was then my third investment property, a brick single family home that cost 153 K in the Dallas-Fort worth area. And the main reason I bought it is because it was cheap, which was a mistake. It was also in a growing area, but I couldn't keep it occupied, so I soon sold it for about the same price that I bought it for. All right. But even in those far less than ideal beginnings for me, two of my first three properties, they weren't disasters, but they weren't a great experience either. Yet I still got some leverage, a little cash flow. I got tenant made principal pay down all the while, tax benefits all the while, and that inflation profiting benefit. Speaker Weinhold** ((00:09:52)) - - And I did then find myself better off overall. Despite that the appreciation and the cash flow weren't all that great. If you blend those first three properties together and today, perhaps a lot like you or what you want to do. I own properties in multiple markets, and I remotely made as the property managers in those markets. And you know, just yesterday I got an email from one of my property managers about roof damage to one of my properties. It's a rental single family home. It's going to be about $10,000 worth of repair work. Some bad news and the way I'm hailing it is a way that you might think of handling a real estate problem. I sure don't just send off a $10,000 check right away and chalk it up as a loss, and ask myself how many months it's going to take me to make that up. The first thing that you can do in this situation is check to see if you have a home warranty that covers it in full or in part. Whether you bought your property new or renovated, a warranty might apply. Speaker Weinhold** ((00:10:58)) - - It actually does not in my case here. Well, if the warranty doesn't cover your issue, of course, check with your insurance provider and see what your deductible is there. Consider that when insurance premiums have risen sharply in a lot of markets, you need to get something back for that premium that you're paying in a lot of cases. All right. And if those things don't work, then don't just take the first quote that your property manager gives you that they got from the first contractor, which is. Ten K in my case. For a substantial work item, ask your property manager to obtain at least three quotes for you. That's reasonable. And then look at the most competitive of those three quotes. So to review here three ways to avoid paying. For example a full 10-K. In my case it's your warranty, it's your insurance. And if you feel like you must come out of pocket, then get three quotes in order to reduce your cost. And here's the thing you don't do these things yourself. Speaker Weinhold** ((00:12:03)) - - What you do is you ask your manager to do these things and make it easy for you. Your manager should check with your insurance policy and they should check on your warranty. And then you can back it up and take a look at it. If you don't like the answer, they should obtain the roofing contractor quotes for you to. You are paying your manager for this stuff, maybe 8 or 10% in a management fee, and that should not be for nothing. Have them do this stuff that's their job and ask them to do it. Because if you don't just watch, they'd be happy to have you do it for them. Don't. You don't have to. So we're talking about mitigating your out-of-pocket cost in your time expended when you have a real estate issue, like a hole in a roof of one of my single family rentals. Now sometimes you're going to get caught in some snafu. But again, our strategy here is that you're usually not even holding any one rental property for more than 7 to 10 years, because by that time, it's accumulated sufficient equity so that you can make a tax deferred exchange up to another property, keep leveraging that equity, because the rate of return from equity is always zero. Speaker Weinhold** ((00:13:16)) - - Now, that process, that 7 or 10 years, that might be on the slower end. Now though, since the property that you consider relinquishing is going to have a lower mortgage rate than your replacement property, it will. And one other thing to keep in mind here it's about providing America with that clean, safe, affordable, functional housing. What that means is that while roof quotes are being obtained here if needed, and it takes a few works until those roof repairs can begin, what you can do is have a cheap temporary repair done until the permanent roof fix starts. That's pretty common with roofing repairs, and that way not only is any interim damage avoided, but the tenant is not being negatively impacted here either. No slumlords around here. As we're discussing real estate problems today, we're about to delve into what happens when homeowners in real estate investors, when they can't make the mortgage payments on their property, and is that proportion of people going up or is that going down in this low affordability market? We'll also get some takeaways by looking at the bidder activity on foreclosure properties. Speaker Weinhold** ((00:14:33)) - - That can tell us quite a bit about the market and about buyer expectations for the future of the market. And I'll also tell you how you too, if you're interested, you can find opportunities and get a deep discount on a foreclosed upon property. That's all. Next with a great guest, I'm Keith Reinhold. You're listening to get Rich education. Your bank is getting rich off of you. The national average bank account pays less than 1% on your savings. If your money isn't making 4%, you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work with minimum risk. Your cash generates up to an 8% return with compound interest year in and year out. Instead of earning less than 1% sitting in your bank account, the minimum investment is just $25. You keep getting paid until you decide you want your money back there. Decade plus track record proves they've always paid their investors 100% in full and on time. And I would know, because I'm an investor, to earn 8%. Speaker Weinhold** ((00:15:41)) - - Hundreds of others are. Text. Family 266866. Learn more about Freedom Family Investments Liquidity Fund on your journey to financial freedom through passive income. Text family to 66866. Role under the specific expert with income property you need Ridge Lending Group and MLS 42056 in grey history, from beginners to veterans. They provided our listeners with more mortgages than anyone. It's where I get my own loans for single family rentals up to four Plex's. Start your pre-qualification and chat with President Charlie Ridge personally. They'll even customize a plan tailored to you for growing your portfolio. Start at Ridge Lending group.com Ridge lending group.com. This is Rich dad advisor Tom Wheelwright. Listen to get Rich education with Keith Reinhold and don't quit your daydream. This week's guest is the VP of Market Economics at auction. Com they are the largest online source of foreclosure and bank owned properties that you won't find on the MLS. You can bid on properties from anywhere with your mobile device. We'll learn more about that later. First, we're covering a general real estate market update today, and then we're mostly going to discuss what's happening in the foreclosure market, including just what a foreclosure market even is. Speaker Weinhold** ((00:17:25)) - - Hey, it's been over a year since we've had you here. So a big gray welcome back to Darren Lundquist. Thank you so much. It's great to be back and. Speaker Blomquist** ((00:17:34)) - - Glad to see you, Keith. Speaker Weinhold** ((00:17:35)) - - For listeners in the audio only Blomquist is spelled with just one oh, despite being pronounced. Blomquist and Daren, as we talk about the state of these markets today, it also helps to mix in lessons for the follower and listener that's watching or consuming this. In ten years. And before we discuss foreclosures. Now, Darren, when I look at the residential real estate market today, there are a few ways that it appears rather normalized actually. For example, all price appreciation rates are normal rent growth levels. They're pretty close to historic norms. Interest rates are even near historic norms, which is a surprise to laypersons. But that's three huge measures that are actually normal, and no one else anywhere talks about that. But there are some aberrations in today's market, the most chronic and saddening of which is the lack of housing supply. Speaker Weinhold** ((00:18:28)) - - So with that backdrop, what are your thoughts on today's overall American housing market? Speaker Blomquist** ((00:18:34)) - - It's really interesting. We have these normal metrics that we look at when we look at how home price appreciation. Now home sales I would say are abnormally low. Right. But home price appreciation is doing well. Some of the other metrics that we look at. But it's coming off of this abnormal what I would say an abnormal period over the last three years or so, mostly during the pandemic when the housing market went a little bit crazy and you saw home prices rise abnormally fast. I would argue too fast for such a short period of time. And so you'd almost expect after a period like that to see a correction in home prices. And we saw a slight correction in late 2022, early 23. Right. But now home prices are, as you mentioned, kind of back to normal actually maybe a little bit on the high side of normal, 5 to 7% home price appreciation that we're seeing annually. And so there is this sense that things look normal. Speaker Wheelwright** ((00:19:32)) - - But below the surface there are, I believe I would argue and you may not agree with this, some underlying problems that I think could come back to bite us if, you know, depending on how things go over the next few years. But certainly the underlying fundamental biggest storyline, that's not necessarily maybe as accessible to a lot of people is this housing supply that you mentioned, Keith. And over the last the decade that ended in 2020, we saw, I would guess, based on my analysis, about 4 to 5 million housing units that were not built, that in a sense should have been built. But we were short 4 to 5 million housing units relative to the number of households that were being formed during that same time period. And so that is set us up for this market that we're in now in the 2020s, where we're seeing, despite the fact that home prices are going up and are out of whack with fundamental price to income ratios. In other words, affordability is a problem. Despite that fact, home prices continue to go up because you have this underlying lack of supply and so you have enough demand to fuel rising home prices, given the lack of supply, if that makes sense. Speaker Weinhold** ((00:20:48)) - - Yes. You mentioned the paltry volume of sales, which is really one consequence of this constrained supply. And there are so many ways to measure it. You threw some numbers out there just using Fred's active listing count. They have one and a half to 2 million homes normally available. Inventory bottomed out near a jaw dropping, just fantastically paltry 350,000 units in 2022. And then the latest figure is about 730 K. So really doubling off the bottom, but yet still far below what is needed there in in 2021 and 2022, I started informing our audience that the housing crash of this generation, it's already occurred. It was a supply crash, which hedges against a price crash even amidst a tripling of interest rates. I guess there. And from your vantage point, when will this low housing supply abate? Speaker Wheelwright** ((00:21:46)) - - But I think on the multifamily side, you're seeing signs that we've, in a sense, caught up with housing supply. You're seeing the multifamily sectors start in terms of the builders start to pull back. I think because of that. Speaker Wheelwright** ((00:21:58)) - - And one piece of evidence of that is the slowdown in rent appreciation. But then on the Single-Family side, we're still seeing pretty robust increases in housing starts and builders starting housing units. And I was just looking at the latest numbers for April up 18% year over year. And we're at over a million housing starts in April on an annualized basis. You know, it's hard to predict what household formation will be doing over the next decade, but I believe that million number is enough to supply the new households that are being formed and are projected to be formed over the next few years. And so we're kind of at a place where at least we're treading water in terms of housing supply. And I do think there are some demographic trends that could by the year 2030, which may seem like a long ways off still, but by that time we would see this kind of reverse a little bit. And the demographic trends I'm talking about are slower population growth, the birth rates. There's a big article in the Wall Street Journal. Speaker Wheelwright** ((00:22:58)) - - If you write, birth rates are surprisingly not really coming back. They dropped during the pandemic have not really come back. And in many areas, including the US or below replacement level in terms of replacing the population at 2.1. Yes. So not to get too deep into the demographics, I'm not a demographer, but I think that combined with these increases in housing starts that we're seeing, we will see that supply in the next five years. Maybe when I'm on next, I'm with you to see that it is a slow moving train. I think we're headed in a good direction in terms of that, that housing supply. And those are already, I would argue, some early signs at 2024 at least. It's still a low supply environment, but it's at least somewhat better, incrementally better than 2023 was in terms of inventory. And we're seeing some more inventory. Come on. One tip I would just say that's I think a long term thing to look for, no matter what environment you're in, is if you look at the inventory, inventory is a great and a barometer of market health. Speaker Wheelwright** ((00:24:00)) - - And if you look at inventory numbers by market, which we do, you do see some markets all of a sudden inventory is starting to spike. And that to me is a signal that those markets could be softening in terms of prices and even in terms of sales. So you see some markets in Florida popping up like that. But whether or not we're talking about now or anytime, it's a great metric to look at. For anybody investing in real estate, especially at a market level, is that inventory of homes. You can look at month supply of inventory for sale. Six months supply is a great milestone. If there's six months supply, that's a balanced market. If it's below six months supply, it's a seller's market. And if it's above six months supply, it's a buyer's market. So just a general kind of rule of thumb to look for there. Speaker Weinhold** ((00:24:46)) - - Sure. We've seen months of supply three months or less in an awful lot of places. However, you alluded to coming potential problems for the housing market earlier. Speaker Weinhold** ((00:24:55)) - - Can you tell us more about that? Have you already done that with talking about a potential softening with some inventory coming on faster in some markets? Speaker Wheelwright** ((00:25:04)) - - I think you're a thesis about this. The housing crash has already happened and it was a supply crash is very interesting. When I look at price to income ratios over time, you know, home prices versus incomes, we've diverged from that long term mean of that price to income ratio right. In the last couple of years. We saw that during the the bubble of 2004 five six. But it's even more dramatic in the last couple of years where we saw at the peak of this, the actual home prices. We. Nationwide, we're about 30% above what we would expect the price to be based on incomes and that historic price to income ratio. And so I do expect a reversion to the mean at some point. Now, whether that could occur as a pretty sharp correction, although I can't point to a specific trigger that would cause that correction necessarily may could occur more of a stagnation over time, where home prices kind of flatten out and increase less than the median long term average. Speaker Wheelwright** ((00:26:07)) - - I do believe that we will see a reversion to that mean eventually, especially as we see more supply coming onto the market. I think it's actually healthy for the housing market, but it could be experienced by many people as weakness in the housing market, because you could see home prices decline a little bit, especially in certain markets. Speaker Weinhold** ((00:26:25)) - - From your vantage point. Darren, you are an expert there in helping people find deals because you really keep a pulse on what's happening in the foreclosure market. Maybe some of our audience doesn't completely understand what the foreclosure market means. Now, Darren, I think of delinquency is that condition means that mortgage borrowers have been making some late payments. Tell us about how delinquency differs from foreclosure. And that will help if you go ahead and define just what the foreclosure market is. Speaker Wheelwright** ((00:26:57)) - - Starting with the foreclosure market. I mean, when you can call it the distressed market or the foreclosure market. And that's really where auctions. Com operates. And is this foreclosure market, it's loans that the borrower cannot continue to make payments for a variety of reasons. Speaker Wheelwright** ((00:27:12)) - - When you have a home that's financed and the borrower cannot continue to make payments, the recourse for the lender is foreclosure to take back that property by taking back that property and then selling it, recouping or trying to recoup as much of the losses on that property that they can in terms of the loan that was given on that property. Okay. Speaker Weinhold** ((00:27:34)) - - So let's talk about delinquencies here. We're looking at certain levels of severity being 30 days late on your payments, being 60 days late and being 90 days late. And interestingly, we see a big spike in FHA loan types that have had more delinquencies than conventional loan types. Speaker Blomquist** ((00:27:50)) - - That's right. Yeah. So delinquency is kind of the top of the funnel if you think of the distressed market or for leisure market as a funnel, the top of that funnel is someone can't make their payment one month. They miss their payment, mortgage payment one month. That's what this 30 or 30 day delinquency. And when you look at the chart that we're looking at, you do see those 30 day delinquencies rising over the especially on FHA loans, which are, I would argue, the most kind of risky loans in our current marketplace. Speaker Blomquist** ((00:28:19)) - - Yeah, the last ten years, over the last decade. And we see those even from 2021, rising steadily up back to really 2019 highs on the 30 day delinquencies, you also see a slight gradual increase in conventional loans, which are loans backed by Fannie Mae and Freddie Mac as well as VA loans. But those are the 30 day delinquencies. They're are not back to pre-pandemic levels even on that front. So that's the 30 day. Usually if someone misses a monthly payment, it's not super serious at that point. What really gets more into our marketplace is when we see a 90 day delinquency, or what's known as a seriously delinquent loan alone, that is past due by 90 plus days. And we have that chart here. What stands out to me on this chart is you actually see those 90 day delinquencies continuing for the most part to trend lower, even though the 30 day delinquencies are going up, 90 days are coming down, and there's a lot of reasons for that. But at the end of the day, that means people maybe are getting into trouble, but they're able to get out of trouble before they lose the home to foreclosure in many instances. Speaker Weinhold** ((00:29:29)) - - All right. So in summary, 30 and 60 day delinquencies have risen over the past two years. But over the past two years, serious delinquencies, 90 day delinquencies therefore, are lower over the past two years. Speaker Blomquist** ((00:29:43)) - - That's right. And then if we look at foreclosure starts, which is kind of the next step. So you missed three months worth of payments. That's when the bank starts to think about starting the official foreclosure process. And if you look at foreclosure starts, we are seeing those rise as well. And part of the reason that you see these rising, even though seriously delinquent loans are falling, is because there was a bit of a backlog from the pandemic still. Yeah, loans that were delinquent when the pandemic started that were delayed from going to foreclosure, that are now coming back. So we see this sharp drop off in 2020 when there was a foreclosure moratorium. Those numbers have reverted back, have bounced back. But there's we're still seeing about 60 to 70,000 foreclosure starts, a quarter nationwide just to put some numbers on this. Speaker Blomquist** ((00:30:31)) - - But back in the first quarter of 2020, before the foreclosure moratoriums, we were at 81,000. So we're still at about 80% of the pre-pandemic levels. But foreclosure starts have come back. We're just getting back to what I would consider kind of normal levels of foreclosure, and especially if you look at in the context of what we saw during in 2009, 2010, we were seeing over 500,000 foreclosure starts a quarter back then. Now we're seeing 68,000. So we're paling in comparison to those numbers. Speaker Weinhold** ((00:31:04)) - - As you, the investor, is thinking this through, we're talking about how many opportunities there will be for you here, basically to scoop up a distressed deal, a fixed and flip property. If you're looking to fix and flip one just in the general context, that's what we're talking about here. Speaker Blomquist** ((00:31:21)) - - Opportunities really foreclosure starts are for. Opportunities. If we look at where the opportunities are emerging in terms of those foreclosure starts, we do see a lot of increases in looking at March of 2024. Year over year, a lot of increases in Florida, and foreclosure starts and also Texas in California. Speaker Blomquist** ((00:31:42)) - - So it's interesting. I mean, these are markets that are doing pretty well, pretty healthy. But we are seeing some of those foreclosure starts come back in pretty big percentage wise in those areas. If we look at auction com data, specifically the state level, in the interest of time. But just to look through the lens of looking for opportunities. Auction com resides a step after the foreclosure start. Then eventually it goes to a foreclosure auction where the property either sells to an investor or it goes back to the bank is what's known as an REO. And where we're seeing on our platform the biggest kind of return to normal levels of foreclosure auction volume, where there's that property actually is sold, is mostly in the Rust Belt, Upper Midwest. That's where we're seeing volumes return to normal. And a place like Florida, we're only seeing foreclosure volumes are over 70% below normal, and Texas were 55% below normal. And when I say normal, I'm saying I'm comparing that to pre-pandemic levels. And then in California, we're at about 45% below those pre-pandemic levels. Speaker Blomquist** ((00:32:54)) - - So some of the big volume states, we're still waiting for the foreclosure volume to return. But if you look like at states like Indiana, Iowa, Minnesota, places like that, Oklahoma, we are seeing that foreclosure auction volumes have returned to those pre-pandemic levels. So there are more opportunities in those areas, at least relative to their population and their their size of in terms of housing units. Speaker Weinhold** ((00:33:20)) - - So in general, in a lot of these upper Midwestern states, in northern Great Plains states, we see a greater foreclosure volume than we did pre-pandemic, because those levels are at over 100%, 100 being the pre-pandemic level. There is one aberration on your map, for one thing, Darren, and that is in Connecticut, where we have 306% of the foreclosure volume that we did pre-pandemic. That's over three x what's going on in Connecticut? Speaker Wheelwright** ((00:33:50)) - - I'm glad you pointed that out. I mean, that is part of the the issue with Connecticut is you do have relatively low foreclosure volumes there. So the 306% is coming off even pre-pandemic, some pretty low volumes of foreclosure. Speaker Wheelwright** ((00:34:03)) - - We are seeing and I can't point to exactly what's happening there in terms of the economy, any other extra weakness in the economy or in the housing market there? But we are seeing definitely that's the top state in terms of where foreclosure volume is back way above, in fact, pre-pandemic levels. That was one of the areas, at least parts of Connecticut where the work from home trend maybe got a little bit out of control, and people were buying homes and willing to pay very high prices for homes that were who worked in New York City. And now we're thinking, well, I can work from Connecticut. In the country. There was probably more of a pandemic housing boom in Connecticut than some other areas of the country, and that may be part of the story that's going on there. Speaker Weinhold** ((00:34:54)) - - We're talking about the most densely populated part of the United States here, the tri state area, which is New York, Connecticut and New Jersey. And what's unusual is that one of those three states, new Jersey, is the antithesis of what's happening in Connecticut. Speaker Weinhold** ((00:35:09)) - - Connecticut has about three x the foreclosure volume than they did before the pandemic, and new Jersey is just 25%. They only have one quarter the foreclosure volume that they did before the pandemic. Are there any other tri state dynamics going on there with foreclosures there? Speaker Wheelwright** ((00:35:25)) - - That's a great observation. And one thing that becomes very important with foreclosures is the foreclosure process is governed by state law. It's not a federal national law that governs how the foreclosures work. And so you do see a lot of variation in the states based on how that foreclosure process works. And then also even how the the legislatures in those states have stepped in in some cases. And that's the case in new Jersey and created new laws even in the last couple of years to, for lack of a better word, stymie the foreclosure process and may put extra barriers in getting to foreclosure. And so, number one, new Jersey is what's called a judicial foreclosure state, where the foreclosure process is inherently longer than many states, including Connecticut. And then on top of that, the new Jersey legislature has enacted at least one law that took effect in January that even creates more barriers to foreclosure. Speaker Wheelwright** ((00:36:22)) - - And we probably don't have time to get into the details of that law. But that's really, I think, what's it's less about that new Jersey is a much more healthy housing market than Connecticut. As to what you see there is the effects of the state governed foreclosure process with those numbers. Speaker Weinhold** ((00:36:40)) - - So just some great context for the listener and viewer here. The state jurisdiction in the judicial process has an awful lot to do with foreclosure volume. That's not necessarily indicative of the condition of its housing market. Speaker Wheelwright** ((00:36:55)) - - That's right. And it does vary quite a bit. When we look at going forward at risk. We actually asked, so our clients are the banks, the mortgage servicers, the lenders who are foreclosing on these properties. And we ask them what they think is the highest risk of increasing foreclosures in the future. And the the top of their list was rising insurance and property taxes. Speaker Weinhold** ((00:37:22)) - - That's super interesting. Speaker Wheelwright** ((00:37:23)) - - Yeah, and that's been a hot topic recently. I would put that at the top of my list of risks. Speaker Wheelwright** ((00:37:29)) - - Going back to your question about why could the housing market experience weakness in the somewhat near future? I think this is the top of my list of as a catalyst that could potentially trigger weakness in the housing market, specifically home prices. Because of these variable costs of homeownership. You know, your mortgage is a fixed cost. You know what it's going to be every month, but your insurance and property taxes are variable costs. And there are in some states, those have skyrocketed. For some homeowners. This insurers are pulling out of states. Speaker Weinhold** ((00:38:02)) - - This is all such a great finding. Again, Darren's firm asked the survey question how much would you assign each of the following in terms of risk for higher delinquencies between now and the end of this year? And the number one answer is rising insurance and property taxes to Darren's point. That's because these are variable costs that everyone is subjected to. And we need to be mindful that more than 4 in 10 American homeowners are free and clear of their mortgage, so they don't have any payment. Speaker Weinhold** ((00:38:27)) - - So on a percentage basis, when you look at homeowners expenses, when they have rising insurance and property tax problems, you can see how this can increase foreclosures. Speaker Wheelwright** ((00:38:38)) - - That's right. That's a great point. A couple other risks that ranked fairly high with our clients. We're rising consumer debt delinquencies so that we do see things like credit card debt and auto loan debt, specifically those two delinquencies on those types of more or loans, not mortgages, are rising quite quickly over the last few quarters. And so that's an area of risk that we're seeing. And then they put rising unemployment is third. But you know right. We're not seeing unemployment rise right now. And unemployment is very low. They put that a little bit lower on the list. Those two things to look out for are those rising insurance and property taxes. If we continue to see that be a problem, that could be a trigger that causes some fallout in the housing market, as well as if we continue to see those rising delinquencies on credit card and auto loan debt that could ripple out as well to the housing market. Speaker Weinhold** ((00:39:35)) - - It's really interesting. Higher property taxes are often a result of a homeowner's property having gone up in value. But if you own a paid off home and you're just going to continue to live there for the rest of your life, that rising property value that really doesn't help you so much, it actually might hurt you in a way, because you will have a commensurate increase in your property. Taxes, making it harder for you to live. Speaker Wheelwright** ((00:39:57)) - - Yeah, that's right. It's a double edged sword there with the rising values. And usually it's, you know, property taxes is not an unbearable cost for most people. But when you're on the margins and you're just barely able to make your mortgage payment each month, and if you're in that situation, a fairly small rise in property taxes can make a big difference in whether you're able to continue to make those payments. Speaker Weinhold** ((00:40:21)) - - Yes. And then the rising insurance premiums, they've gone to X to three X on some homeowners in just a few years. It won't go up that much on a property taxes. Speaker Wheelwright** ((00:40:30)) - - The insurance is there's been more of the problem recently, but property taxes are kind of layered on top of that. Moving on. I just wanted to land, I think really on getting back to that question of opportunity for investors out there and auction com buyers are typically fix and flip or you know, fix and rent investors. And so what they're doing is they're looking to buy these properties. And it usually takes maybe six months, 90 days to six months to renovate these properties and turn them around and sell them. And so one of the things we look at very carefully is, are the bidding behavior on our platform as an indicator of what's coming in the retail market, because our buyers are they're pretty good usually at anticipating what's going to be happening in their market over the next 3 to 6 months. Our buyers did pull back in their bidding behavior, they got more conservative and were willing to pay less. Back in 2022, when mortgage rates spiked. But it appears now that our buyers have gotten comfortable with this kind of higher for longer concept of interest rates. Speaker Wheelwright** ((00:41:36)) - - Yeah, and our bidding behavior on our platform is mostly trending higher, meaning that our buyers are pretty confident that the housing market, despite, you know, I might have sounded a little doom and gloom, but our buyers are pretty confident that in their local market, they will continue to be able to buy these distressed homes at a discount. The metric we look at is what they're paying at auction, relative to the after repair value of the home, the estimated after repair value, and as of March of this year, that was at 59.8%. So they're buying at 60% of after repair value at 40. You could turn that around and call that a 40% discount. That number is, believe it or not, been trending up over the last few months. So they're willing to pay more, which indicates confidence in the housing market going forward. Historically, that's our bidders have been a good harbinger or indicator of what's to come in the retail market when they're more confident the retail market typically does well and vice versa. Speaker Wheelwright** ((00:42:39)) - - You know, if we look at that by market, it's really interesting to see where our bidders are most confident about home prices going up in different markets. And we see a lot of confidence actually, the places where we see it's probably coincidental, but some of the places where we see higher foreclosure volume, as we talked about earlier, some of the upper Midwest Rust Belt areas are where we're seeing our buyers willing to pay more than they did a year ago relative to after repair value. So that's where they have a lot of confidence, actually, even out in California and most parts of Florida, they're still pretty confident. And Texas, there are some areas where our buyers are pulling back and and are paying less relative to after repair value. And there's kind of a cluster of markets in on the Gulf Coast, right? You know, in Mississippi, Alabama. And I don't know if that relates to insurance costs. I haven't made that connection solidly. That's an area where there has been rising insurance costs. Speaker Wheelwright** ((00:43:39)) - - It varies quite a bit. There are some other markets mixed in across the country. Even though most of Florida, our buyers are pretty confident there is one area where they're they've become cautious, which is Cape Coral, Florida. They've pulled back in terms of what they're willing to bid. Speaker Weinhold** ((00:43:55)) - - Buyers for foreclosure properties still look overall quite confident in Florida. But yeah, like you touched on Darren, it's the lack of confidence to pay more for foreclosure properties in and around southern Louisiana. I know there's been some population loss there. And yes, like you touched on, they are more sensitive to insurance premium rises in Louisiana too. Speaker Wheelwright** ((00:44:17)) - - That's right. So the takeaway is there's still the beauty of buying at that auction and distressed properties you are buying at a discount below after repair value. There's still a lot of risk involved because you may not know all that that's needed to renovate these properties, but you do have that. Rather than just counting on the housing market. Home price appreciation to increase to drive your profits, you have this component of added value. Speaker Wheelwright** ((00:44:45)) - - So you're buying the property at a discount. And even at the housing, home prices don't go up in the next six months. By adding value to that property, you can still turn a profit because you're selling it for more than you bought it for. We have two types of auction on auction. Com there's the foreclosure auction, which we've talked a lot about, which comes at the end of the foreclosure process. And that's typically on the local courthouse steps. Although auction com in many counties allows you to bid remotely on your phone, we're we're pretty excited about that technology that we've introduced in the last couple of years. And then the second type of auction is if it doesn't sell at the courthouse steps foreclosure auction, it goes back to the bank as an REO. And we do the Ro auctions, which are mostly all online, and you can bid from anywhere. And it's pretty consistent between those two types of auctions. On average, at least over time, buyers are typically paying about 60% of after repair value, so about a 40% discount between after repair value. Speaker Wheelwright** ((00:45:46)) - - Now, a lot of these homes need are in need of a lot of repair. But you have that type of discount available. And even though foreclosure volume has not come back to pre-pandemic levels, we're still seeing a consistent flow of that happening. There are certainly many markets, especially if you're willing to go off the beaten path a little bit in terms of markets where you can find inventory and also good discounts on these properties, especially if you're going to markets where maybe other investors aren't as aware of or aren't as interested in. Speaker Weinhold** ((00:46:18)) - - Therein. I wonder about local flavor. For those that bid through your platform on these distressed, foreclosed properties. Here we have a lot of investors that buy properties pretty passively where the property is already fixed up for you, maybe already held under management. And a lot of those investors, they go ahead and buy across state lines, because the best teals tend to be in the Midwest and Southeast and a few other pockets in places. So there are an awful lot of out of state investors. Speaker Weinhold** ((00:46:49)) - - On the passive side, what do you see for a breakdown of local investors in state investors and out-of-state investors through your platform for these distressed properties? I imagine it might be somewhat more localized than what I just described. Speaker Wheelwright** ((00:47:01)) - - We do have some investors who are buying out of state, but actually the majority are buying in their backyard. Again, because these properties require their high touch, they require a lot of renovation. And so it's good to be local. It's definitely possible, especially with the REO properties where you can buy online. There is some more flexibility there if you have a crew, if you have boots on the ground in the market where you're buying, where you can do that, actually, the average distance between our buyers and the properties they buy is about 20 miles. I should say that's a median distance. So they're very local. There's definitely some exceptions to that you can buy across the country. But it is harder with these properties. These folks are very local. They know the markets they're operating in, and they know they have the resources in those markets to do the renovations. Speaker Wheelwright** ((00:47:53)) - - Our buyers are probably a great resource for your students, Keith, to be able to tap into these types of local investors who have a supply of homes that they're creating, and sometimes they're selling back to owner occupants, you know, they're putting those properties on the market as renovated properties, and those might be good turnkey rental opportunities as well. Speaker Weinhold** ((00:48:17)) - - You know, that makes a lot of sense. And how your platform can help people not just find properties, but maybe network and find some like minded people that have tread where you're trying to go. Well, Darren, is there any last thing that you would like to tell us along with your online platform? Is there also perhaps an auction mobile app? Speaker Wheelwright** ((00:48:37)) - - Absolutely. We have an auction. Com app, and that's a great way to just either on on the website or on the app. You can go on and start searching. There's no subscription fee or anything like that to start looking and seeing where the opportunities are in the markets that you're interested in. You go to auction.com/in the news. Speaker Wheelwright** ((00:48:57)) - - I actually end up talking to quite a few buyers of our buyers, and we've done some videos where we've gone and visited some of these buyers on location to see what they're doing, how they are operating on a human level. It's very interesting because these buyers are actually doing a lot of good in their communities. Many times by willing to take these down and out properties and down and out neighborhoods and renovate them, but also just on the level of understanding how this all works. That's a great resource. So that's auction.com/in the news and look for those videos featuring some of our buyers. I think that would be a great resource. Speaker Weinhold** ((00:49:33)) - - Well this has been great information to get an update on what's happening in the foreclosure market and where some of the local areas of opportunity might be as well, especially compared to pre-pandemic conditions. It's been valuable and it's been a pleasure having you here on the show. Thank you so much, Keith. Yeah. Good knowledge for foreclosure expert Darren Bloomquist today. It's when borrowers miss three months of mortgage payments. Speaker Weinhold** ((00:50:05)) - - That's that mark, where banks often begin foreclosure proceedings. Another thing that you learn is compared to pre-pandemic levels, national foreclosure levels are 10 to 20% lower today than they were then. And see with those that have a late mortgage payment or two, oftentimes that's not going all the way to foreclosure. They're getting caught up on their payments before it goes to foreclosure. And what's really going on here with that dynamic is that, see, today's homeowners, they are more motivated to stay caught up on their payments if they fall behind. And that's because they usually have a substantial positive equity position to protect. And the other factor is that if you lose your home today and you're locked in at a low pre 2022 mortgage rate, it's often going to cost you more per month to go out and rent somewhere else. So it's cheaper on a monthly basis to live in the home that you own. One piece that you might have learned is that high foreclosure activity in a state or city that is not necessarily indicative of that area's economic fortunes. Speaker Weinhold** ((00:51:10)) - - Instead, it might be tied to its judicial foreclosure process. Nationally, buyers are paying about 60% of after repair value for a foreclosure property. I just talked to Darren some more outside of today's interview, he discussed that foreclosure properties are often in opportunity zones, and if you don't know what they are, are designated distressed areas. That's where there are benefits given to you. If you invest specifically in that zone, you might remember that Opportunity Zones were part of Trump's 2017 Tax Cuts and Jobs Act. They have those zones in all 50 states. And Darren said that overall Opportunity zones are working next week here on the show. Properties are vanishing. Yeah, it is a real tweak to your investor mindset. Disappearing properties. Tune in next week as I cover. Properties are vanishing here on the show. If you haven't yet on your favorite pod catching app, be sure to subscribe or follow the show on your favorite app. Until next week, I'm your host, Keith Windle. Don't quit your daydream. Speaker Blomquist** ((00:52:23)) - - Nothing on this show should be considered specific, personal or professional advice. Speaker Voice** ((00:52:27)) - - Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of yet Rich education LLC exclusively. Speaker Weinhold** ((00:52:51)) - - The preceding program was brought to you by your home for wealth building. Get rich education.com.

united states america american new york family california texas new york city donald trump starting apple moving americans germany opportunities home rich search new jersey minnesota alabama south forbes indiana oklahoma iowa real estate va llc phone invest capital wall street journal louisiana android connecticut married mississippi midwest decade taxes jersey buyers hundreds mls compare historically southeast properties auction inventory 10k nationwide ro midwestern 500k nationally get rich robert kiyosaki gulf coast disappearing tax cuts affordability 250k bavaria jobs act fha census bureau fannie mae plex prolonged great plains freddie mac gfc rust belt gre foreclosures opportunity zones exemptions single family reo batavia upper midwest arv cape coral tom wheelwright blomquist david stockman rich dad advisors souring market economics keith weinhold get rich education daren blomquist dallas fort ridge lending group

The Future of Real Estate Investing: Opportunities and Challenges Ahead with Daren Blomquist.

opportunities home buyers quotes federal reserve inventory real estate investing challenges ahead josh cantwell market economics daren blomquist

Play Episode Listen Later Nov 6, 2023 27:59

About The Guest: Darren Blumquist is the VP of Market Economics at auction.com. He is an expert in real estate market trends and provides valuable insights into the state of the economy and real estate investing. Summary: Darren Blumquist joins host Josh Cantwell to discuss the current state of the economy and real estate investing. They highlight some key statistics, including the lowest affordability for single-family home purchases since 1985, the lowest inventory ever recorded, and rising home prices. They also discuss the challenges faced by home builders due to the high cost of construction materials. Darren emphasizes the need for a correction in home prices to address the affordability issue. They also touch on the potential risks of a recession and the impact of buyer behavior on the auction.com platform. Key Takeaways: • Affordability for single-family home purchases is at its lowest level since 1985. • Inventory is at its lowest point ever, with a 40% decline since 2017. • Home prices have been rising due to the lack of supply. • The cost of construction materials is making it difficult for builders to deliver new homes and apartments. • The Federal Reserve's policies are pushing the market towards a breaking point. • Home prices may need to drop, interest rates may need to decrease, or incomes may need to rise to address the affordability issue. • The risk of a recession is high, with the yield curve inverted and other potential triggers. • Buyer behavior on the auction.com platform has become more conservative, with a focus on adding value through renovations. Quotes: • "We're in a market where something needs to break." - Darren Blumquist • "The most obvious path out of this is for prices to correct." - Darren Blumquist • "The distressed market is a little bit more insulated from the retail market." - Darren Blumquist

Diving Deep into Real Estate Market Data with Daren Blomquist

Uncontested Investing

Play Episode Listen Later Oct 3, 2023 48:06

Daren Blomquist is the VP of Market Economics at Auction.com. His work is focused on gathering and analyzing data to help real estate investors find the best investments that will help them succeed in scaling their businesses and growing their portfolios. Listen to this episode to learn more about Daren's insights on today's market and why you should always be looking at the data before you invest! Key Talking Points of the Episode 00:00 Introduction 01:00 Who is Daren Blomquist? 03:25 What should real estate professionals focus on today? 06:43 What does it mean when a market double-dips? 09:01 Why is it important to protect your upside if you're investing in real estate today? 11:37 How can using data help you make better investments? 14:20 What happened to the massive wave of foreclosures we were expecting? 19:10 What should real estate investors know about the distressed market today? 21:10 When does the foreclosure process start? 24:46 What has changed in the foreclosure funnel from pre-pandemic to today? 26:01 What is the Homeowner's Assistance Fund? 28:04 What opportunities are there in pre-foreclosures for investors? 30:04 How would selling to investors help homeowners better? 32:36 What does the future look like for the bottom of the distressed market funnel? 35:39 What is Daren's advice to investors who want to invest in distressed properties? 37:10 Why is it important to seek advice from people who do what you want to do? 38:50 Where can investors find the most opportunities in today's distressed market? 40:21 How important is the median home price when evaluating investments today? 41:03 What is the data on household formation telling us about the current real estate market? 43:42 What underrated markets should real estate investors look at today? 44:30 What are some of the most overrated real estate markets today? 45:48 What are the benefits of using Auction.com to look for deals? Quotables “We're still at the point where foreclosures are about half of what they were pre-pandemic, which already was, basically at a 20-year low.” “People who are in default are just going in and out of default and staying in that seriously delinquent bucket. It's just taking them longer to move down the drain.” “The foreclosure sale is the last opportunity for that homeowner to protect their equity. If it goes back to the bank, then the bank gets all the equity.” Links Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/

380: Auction.com Market Outlook: Deflation in a Recessionary Market with Daren Blomquist

future markets discounts auction real estate investing deepest next wave biggerpockets foreclosures as vp market economics daren blomquist

Play Episode Listen Later Aug 1, 2023 42:27

Inflation's finally coming down, but we're not out of the woods when it comes to the possibility of a full-on recession by year's end. For real estate investors, what does that mean? It's a tough question to answer, but I'm always so grateful to have Daren Blomquist, VP of Market Economics at Auction.com, hop on with me to break it down for us. In short? It's a good time to be looking at lower-end properties, but approach expensive single-family homes with caution–especially on the West Coast! In today's episode, Daren and I dig into what he's seeing in his high-level KPIs, what's happening in the housing supply, distressed housing markets and consumer spending trends. You'll also hear why it's a good time to be cautiously bullish as you hunt for new deals to add to your portfolio. Key Takeaways with Daren Blomquist Why the macro economy looks good despite higher mortgage rates and home prices trending downward. How the distressed market is fairing with delinquency and foreclosures. The indicators showing the highest probability of a recession since 1981. How post-COVID spending and inflation have put consumer debt at an all-time high. Why default rates could rise with home equity values are dropping while consumers are relying on credit with high inflation. The factors that are triggering major price cuts on homes for the first time in years. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/380 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

covid-19 spotify inflation west coast mastermind kpis key takeaways auction coaching programs deflation market outlook recessionary market economics daren blomquist rate review if

118: The Next “Wave” of Foreclosures and Markets With the Deepest Discounts w/Auction.com's Daren Blomquist

On The Market

Play Episode Listen Later Jun 30, 2023 42:26

The next foreclosure wave is already brewing. Over the past few years, monetary moves and rash home buying decisions were made that could cause even more foreclosures to hit the market. The question is, which markets will face the most foreclosures, and how low will prices go? But that's not all; foreclosure competition has started to spike as a new type of buyer enters the market for these deeply discounted properties. And if you want to know about foreclosures, discounted properties, and data on the markets with the biggest price cuts, Daren Blomquist from Auction.com is your man. As VP of Market Economics, Daren knows where the foreclosure market is moving before the masses do. In this episode, he gives his take on the next “wave” of foreclosures that could be headed our way, when it will hit, and the investing areas already feeling the effects. Daren also talks about the unexpected buyers entering the foreclosure market and how they could put investors at the back of the line for discounted deals. And if you're in this specific state, prepare for your properties to be placed at open auction, as investors are forced to wait to acquire the foreclosure properties they rightfully won. Make no mistake; there are MANY deals out there for investors, but competition could start to heat up fast! In This Episode We Cover The “seeds of a bigger foreclosure wave” that are about to sprout Buyers bounce back and why the housing market and home prices have been so resilient A rise in foreclosures and what's causing a steady uptick in homeowners forfeiting their houses New foreclosure laws that could make it even harder for investors to buy discounted properties Markets facing the deepest foreclosure price cuts Recession predictions and whether or not this will force even more foreclosures And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram The Biggest Real Estate Tax Loophole You've (Probably) Never Heard Of How Much Investment Diversification Is Right for You? Hear Our Previous Interview with Daren Connect with Daren: Auction.com News Daren's LinkedIn Daren's Twitter Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-118 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

367: Auction.com Market Outlook: Indicators of a Resilient Housing Market with Daren Blomquist

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later May 26, 2023 25:31

Over the past year, there's been plenty of uncertainty with a potential recession, rising interest rates and inflation, and a very competitive housing market. Could we be seeing signs that the markets are bouncing back? Once again, I'm excited to check in with my good friend Daren Blomquist, VP of Market Economics at Auction.com. He always delivers the goods with information and data that is beyond helpful to anyone wondering what is happening in the marketplace and what we can expect to see in the short and long term. In this conversation, we dig into how interest rates have affected the housing market, where housing prices should be relative to income, the contradictory nature of our economy, and the surprising places where Daren sees distressed and discounted assets for sale. Key Takeaways with Daren Blomquist Why Daren believes we're seeing a bounce back in the housing market in spite of soaring interest rates. Why the market has made it all but impossible to build to fix our supply and demand problems. How consumer sentiment is still strong despite high prices and layoffs in tech. Why Western markets, Texas, Tennessee, and the Carolinas are all suddenly seeing an influx of distressed and discounted assets. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/367 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

spotify texas tennessee resilient mastermind key takeaways auction housing market carolinas indicators coaching programs market outlook market economics daren blomquist rate review if

1971 FBF: Ron Paul on Liberty, Taxes, & Everything Else

Play Episode Listen Later Mar 10, 2023 53:14

Today's Flashback Friday is from episodes 912 and 913 published last November 20 and 22, 2017 respectively. Jason Hartman kicks off today's episode with a look at Daren Blomquist's latest Housing Report and breaks it down piece by piece. He examines the data about a long-time low in housing starts, a construction worker shortage, and an investors lament. Then, Jason introduces his guest, and Meet the Masters headline speaker, former Senator Dr. Ron Paul. The two examine what liberty really means, what governments role actually is, the damage our educational system is doing to our society, and what should be done with the federal income tax. The two finish up their talk by looking at why the government thinks they're the best option for many aspects in our lives, what would happen if the government got out of the way and prices reverted to normal (rather than the distorted view we're getting today), and why we shouldn't expect to see inflation curbed in the near future (or ever, more likely). Key Takeaways: Jason's editorial: 3:50 Daren Blomquist, with ATTOM Data, has released his lastest Housing Report that examines the topic of bubble markets 8:16 The construction void: lowest home starts since 1964 13:16 The idea of a bubble warning 17:04 When Jason didn't buy mobile home parks, an investors lament 20:18 A huge labor shortage in the construction industry 22:05 Don't forget to make your 5 year plan Ron Paul Interview: 24:01 What is the meaning of liberty, according to Ron Paul? 28:50 How do you draw the line about what the government should be involved in? 32:20 Ron Paul's liberty amendment to end income tax 35:58 Progressive education has harmed our nation 38:26 What business is it of the government to involve themselves in so many aspects of our lives? 40:45 Many governmental programs have distorted markets like student loans and housing markets 44:17 Distorted prices and manipulating the currency and tax codes makes people worry about gaining the best tax advantage rather than getting the highest return or providing the most value 47:14 Inflation, from the government and central bank point of view, seems to be a great business plan Websites: www.JasonHartman.com/Contest www.JasonHartman.com/Masters www.RonPaulLibertyReport.com Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

masters inflation taxes progressive websites contest stock market federal reserve cashflow interest rates housing market everything else rental properties special offer ron paul distorted mortgage rates flashback friday free courses housing bubble jason hartman real estate news ron legrand daren blomquist pandemicinvesting hartman us realestatedata attom data save taxes estate planning ron free mini book fund cya protect your assets protect get

344: Auction.com Market Outlook: How Today's Economy Impacts Tomorrow's Real Estate Markets with Daren Blomquist

market homes auction darin great deals foreclosed daren blomquist

Play Episode Listen Later Feb 21, 2023 36:37

A few years ago, the outlook on the stock and real estate markets were on a straight path upwards. As we all know, a lot has happened since then. The Federal Reserve is continuing to raise interest rates, everyone is wondering if we're in a recession, and the investing strategies that worked in 2019 aren't necessarily guaranteed to deliver the returns you want in 2023. So, with all that in mind, I'm thrilled to be chatting with Daren Blomquist, VP Market Economics at Auction.com. I love having these conversations with Daren to get his valuable insights on not just about the state of our economy, but how things are looking in the worlds of distressed and defaulted assets. In this conversation, we get into the economic indicators that make the case for and against a recession, how they will affect the real estate market in the years to come, and how you can use Auction.com to take advantage of his incredible knowledge. As always, Daren came prepared with a great set of slides to accompany this conversation. If you're listening to the podcast, you're going to hear a lot of great stuff, but I'd highly recommend you visit our YouTube channel to watch this episode to get the full picture–literally. Key Takeaways with Daren Blomquist The key indicators that show we're not in a recession right now–but very well could be in 8 months. How the foreclosure moratorium has affected default rates and housing supply. Why this spring selling season is likely to be more conservative. Why credit card debt is up again–and how this may be a ripple effect from COVID stimulus. What makes apartment rentals such a recession-proof investment when compared to flips or wholesaling. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/344 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

covid-19 spotify economy impacts mastermind federal reserve key takeaways auction real estate markets coaching programs market outlook market economics daren blomquist rate review if

Daren Blomquist of auction.com on his 2023 housing outlook

HW Podcasts

Play Episode Play 30 sec Highlight Listen Later Jan 19, 2023 37:31

Today, Clayton had the opportunity to sit down and talk to Daren Blomquist, the VP of Market Economics at auction.com. Daren has been around this space for quite a while and analyzes and forecasts complex macro and microeconomic data trends, with his works being cited in major publications such as The New York Times and The Wall Street Journal. For this episode, we invited Daren to talk about a really unique and not often talked about perspective derived from the auction.com platform to help us better understand buyer behavior and what we anticipate will happen in the retail housing market. Related to this episode:Daren Blomquist's 2023 housing outlookTop of Mind: Getting Smart on the Distressed Housing Market with Daren BlomquistEnjoy the episode!Be sure to check out our Youtube channel for special behind-the-scenes content and video versions of HW Media podcasts!The Housing News podcast explores the most important topics happening in mortgage, real estate, and fintech. Each week a new mortgage or real estate executive joins the show to add perspective to the top stories crossing HousingWire's news desk. Hosted by Clayton Collins and produced by the HW Media team.

new york times finance economics housing outlook auction housing market auctions business news housingwire market economics daren blomquist housing news hw media housing news podcast

245: Great Deals On Foreclosed Homes

Street Smart Success

Play Episode Listen Later Nov 30, 2022 46:49

For investors in single family homes, auctions can be a great place to find deals. When homeowners can't pay their mortgages, lenders will take back the properties and often put them up for sale at auction where investors can pay 25% less than the estimated value of the home, and sometimes even less. Daren Blomquist, VP of Market economics at Auction.com, discusses the macro state of the market and what to expect in 2023. Auction.com currently puts 3,000-5,000 on their site per month and that amount is likely to increase. Darin anticipates a recession in 2023 and an increase in foreclosed homes and great opportunities for investors.

326: Auction.com Market Outlook: Buying Opportunities with a Backlog of Distressed Mortgages with Daren Blomquist

Play Episode Listen Later Nov 18, 2022 42:36

Home prices are no longer rising like they were, but the cost of debt is going up, and you might be seeing and feeling distress in the markets by the time of your next deal. So, with all signs pointing to a recession on the horizon, what should you do? To help me answer this question, I'm once again joined by Daren Blomquist, EVP at Auction.com. As their in-house economist, he helps clients–both buyers and sellers–understand where the market's going. There was so much more than we wanted to cover in our most recent discussion and I knew I wanted to bring him back to make sure we covered everything. In this episode, Daren and I talk about why housing prices in 2023 are all but guaranteed to drop, why there are still a ton of great investment opportunities during economic downturns, and which markets are likely to be riskiest in the months and years to come. Key Takeaways with Daren Blomquist The dangers of investing for cash flow in a tumultuous economy–and how interest rates can ruin a flip overnight. How the end of the foreclosure moratorium is going to create a growing backlog of distressed mortgages, delinquent loans, and foreclosed properties. Why this housing downturn is highly unlikely to be as tumultuous as the Great Recession of 2009. What makes coastal areas so much more prone to cycles of boom-bust than the Midwest. Why flippers may still want to consider selling right now. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/326 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

spotify opportunities home midwest mastermind mortgage key takeaways auction evp great recession backlog coaching programs distressed market outlook daren blomquist rate review if

Home Price Decline, Daren Bloomquist, VP Market Economics at Auction.com

washington vice president finance real estate housing investments decline mortgage futures federal reserve index auction lobbyists home prices chicago mercantile exchange bloomquist market economics daren blomquist

Play Episode Listen Later Nov 14, 2022 38:59

The housing slump is the economy's biggest casualty so far from a series of Federal Reserve rate hikes designed to tame inflation. Lobbyists are scrambling to get help from Washington as housing the market demand tanks in response to rising interest rates and falling home prices. What do investors think? Futures contracts on the Case Shiller Home Price 20 city Index which trades on the Chicago Mercantile Exchange are trading almost 20 points down from the peak of 327 a couple of months ago to 268 for January 2024 contracts. This is slightly lower than what the index was pre-covid. Joining the podcast to discuss home values is Daren Blomquist, Vice President of Market Economics at Auction.com

322: Auction.com Market Outlook: The Next Recession's Impact on the Housing Market with Daren Blomquist

Play Episode Listen Later Nov 1, 2022 36:40

The housing market is undergoing a correction, demand is changing, and interest rates are continuing to rise. All of this leads us to ask one question: if we are at risk of a major recession, how can we protect ourselves and our investments to weather this downturn? To get a better picture of what's going on in our economy, I've reached out to my good friend Daren Blomquist. Daren is the in-house economist for Auction.com, where he sifts through real estate data for key insights and trends to help businesses and consumers make better decisions. He sees what institutional investors are up to, what retail buyers are doing, and where foreclosures are happening–to name just a few things that he's always keeping an eye on. In today's conversation, Daren and I talk through our risk of recession and specifically how this affects the housing market. You'll learn all about the macroeconomic patterns that set the stage for a recession (and how to clearly see them yourself), what has to happen for supply and demand to come back into alignment, and where housing is headed in the wake of 2020 and 2021's skyrocketing property values. Key Takeaways with Daren Blomquist Why many economists are increasingly convinced that we will see a recession in 2023. How housing uniquely contributes to negative GDP. Why housing is a great indicator of a looming recession–and what made the Great Recession between 2007-09 so uniquely awful. Why housing prices are likely going to continue to appreciate in certain places and what's going to keep demand for apartment rentals strong. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/322 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

spotify mastermind gdp key takeaways auction housing market great recession coaching programs market outlook next recession daren blomquist rate review if

Increases In REO Inventory Coming With Daren Blomquist

Flipping Out

Play Episode Listen Later Sep 21, 2022 52:11

Hello and welcome to another episode of flipping out. This is Paul Lizell. I'm your host and today's guest is a very special guest here from Auction.com. His name is Daren Blomquist. The nation's largest distressed real estate marketplace, today announced the addition of Daren Blomquist as its new Vice President, Market Economist. Recently, Blomquist served as Vice President at Attom Data Solutions where he was widely recognized as an authority in the housing and mortgage industries.In his new role, Blomquist will focus on analyzing and forecasting complex macro and microeconomic data trends within the marketplace and greater industry. He will report directly to Ali Haralson, Chief Business Development Officer.“Auction.com is committed to leveraging the power of market research and analysis to provide unique value to our sellers and buyers. By leading our efforts to identify, analyze and forecast trends at the portfolio and market levels, Daren will enhance our data-driven disposition strategies and solutions to the benefit of our greater marketplace,” said Haralson.Prior to Auction.com, Blomquist directed ATTOM Media, a division of ATTOM Data Solutions, which publishes original real estate reports and analysis. The reports have been cited by thousands of media outlets nationwide, including: The Wall Street Journal, The New York Times, and USA TODAY. Blomquist also served as executive editor of the Housing News Report, named best newsletter by the National Association of Real Estate Editors in 2015 and 2016.“Over the last decade Auction.com has revolutionized the distressed real estate marketplace with much-needed transparency, data and technology,” said Blomquist. “I am excited to help build an increasingly efficient marketplace on that already strong foundation.”About Auction.comAuction.com is the nation's largest online real estate transaction marketplace focused exclusively on the sale of bank-owned and foreclosure properties. The company brings a breadth of quality assets to the market, attracting prospective buyers through world-class marketing and leveraging a scalable technology platform to conduct transactions in a transparent, efficient manner.Auction.com is a Thomas H. Lee Partners company and is headquartered in Irvine, Calif., with offices in key markets nationwide. Investors include CapitalG (formerly Google Capital) and Stone Point Capital.Link : https://www.auction.com/lp/in-the-news/daren-blomquist-vice-president-market-economics-auction-com/Love the show? Subscribe, rate, review, and share!Here's How »Join Flipping Out community today:thevirtualinvestor.coFacebookLinkedIn

love new york times vice president wall street journal investors usa today national association auction inventory increases irvine calif chief business development officer blomquist attom data solutions daren blomquist paul lizell stone point capital real estate editors

Getting Smart on the Distressed Housing Market

Top of Mind

Play Episode Listen Later Aug 19, 2022 63:48 Very Popular

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Daren Blomquist, the Vice President of Market Economics at Auction.com, for a deep dive into the state of the distressed housing market, the latest insights from investor buyer behavior, and what the Auction.com platform can tell us about the housing market that we can't see anywhere else. About Daren Blomquist Daren Blomquist is the Vice President of Market Economics at Auction.com. In this role, Daren analyzes and forecasts complex macro and microeconomic data trends within the marketplace and industry to provide value to both buyers and sellers using the Auction.com platform. Daren's reports and analysis have been cited by thousands of media outlets — including all the major news networks and leading publications such as The Wall Street Journal, The New York Times, and USA TODAY. Daren has been quoted in hundreds of publications and has appeared on many national network broadcasts, including CBS, ABC, CNN, CNBC, FOX Business, and Bloomberg. Here's a glimpse of what you'll learn: The big trends in foreclosures and how the distressed market compares to previous years Two unique data points Auction.com uses to forecast future home prices Will investors be the backstop for a faltering housing market, or will they be the catalyst for a deeper market correction? What will happen with foreclosures in a recessionary economy — how many homes will be in foreclosure, and how quickly will it happen? Daren Blomquist's outlook for what's next in the industry Featuring Mike Simonsen, CEO of Altos Research A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Resources mentioned in this episode: Daren Blomquist on LinkedIn Auction.com Auction.com In the News “Why Do So Few People Buy Affordable Properties at Auction?” by Jung Hyun Choi, Laurie Goodman, and Liam Reynolds Mike Simonsen on LinkedIn Altos Research Follow us on Twitter for more data analysis and insights: https://twitter.com/altosresearch https://twitter.com/mikesimonsen See you next week!

299: Auction.com Market Outlook: Supply & Demand, Market Slowdowns and Buying at a Discount with Daren Blomquist

playing market ground auction foreclosure market economics daren blomquist

Play Episode Listen Later Aug 2, 2022 32:02

Though our real estate market is still very hot, we're seeing the first signs of a slowdown. Price appreciation is strong, but inventory is rising and sales are starting to drop–which are some telltale signs. If you're investing in multifamily, and especially if you've done your first deals in the last year or two, you might be wondering how changing market conditions will affect you. To help answer that question, I'm thrilled to welcome Daren Blomquist back to the podcast. Daren is the Vice President of Market Economics at Auction.com. He's a regular guest on CNBC, CNN, and other major news outlets which rely on him to make sense of what's going on in the housing markets. In this episode, Daren and I discuss the reasons why the era of bidding wars and insane appreciation may be coming to an end, how our strategy for multifamily acquisitions is changing, and where Daren sees potential opportunities down the line. Key Takeaways with Daren Blomquist Why all signs point to a market slowdown–and why this won't necessarily make homes much more affordable. Reasons why the coastlines experience much more dramatic cycles of boom and bust when it comes to housing prices than the Midwest and other parts of the country. Why you're not going to lose money if you can wait out the storm. Where there are opportunities to buy right now for patient investors who aren't looking for instant gratification. The dangers inherent in buying expensive properties and expecting the values to keep going up. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/299 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

spotify vice president price cnn midwest supply mastermind cnbc discounts key takeaways auction coaching programs market outlook market economics daren blomquist rate review if

Evening the Playing Ground of the Foreclosure Market

Real Estate of Things

Play Episode Listen Later Jun 7, 2022 27:34 Transcription Available

During the pandemic, a moratorium was set on foreclosures to allow people time to adjust to the chaos. The idea: let the dust settle long enough for people to react appropriately and then lift the moratorium so the housing market can safely find its balance once again. Well, how did we do? Here, Daren Blomquist, VP, Market Economics at Auction.com, joins to discuss the grade he would give the foreclosure moratorium response to the epidemic. Join us as we discuss: Bringing the foreclosure process into the 21st century Finding balance in housing's supply and demand What comes next?

8: 2022 Housing Market Recap: Will It Get Worse Before it Gets Better?

On The Market

Play Episode Listen Later May 23, 2022 54:07 Very Popular

When we talk about recession indicators, we usually talk about things like housing price drops, mass layoffs, heavy unemployment, and overleveraged consumers. It seems like every time you turn on the news, someone is touting a return of the great recession, without much to back it up. Since the housing market plays such a pivotal role in the economy, we decided to have a housing market recap with our expert investors Henry Washington, James Dainard, and Kathy Fettke, to see if their metrics point to a recession.In a strange time like 2022, almost every real estate investor is starting to get nervous. Home prices continue to rise, and inventory is almost as low as it's ever been, but at the same time, high interest rates don't make buying expensive homes attractive anymore. Is there still any juice left to squeeze in this year's housing market, or are we on a fast track to foreclosures, price cuts, and peak buying opportunities for investors?In this episode, we'll touch on it all so you can stay confident in these wild times. Dave and our panel of experts will explore why showings have dropped for new homes, unemployment rate updates, “data traps” you can fall into, how tech stock slumps pose a threat to real estate, and how to adjust your numbers when money costs more. In This Episode We CoverThe current housing market supply and demand and what it foreshadows for the futureWhat the “recession indicators” are saying and why it differs from mainstream thought Inflation, employment, and which industry may have layoffs lying around the corner The “lock-in” effect causing most homeowners to hold instead of sell What a “recession” would look like in 2022 and planning for price dropsAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets AgentJoin BiggerPockets for FREEOn The MarketJoin the Future of Real Estate Investing with FundriseLowering Your House Flipping Costs During High-Inflation TimesDave's Interview with Daren Blomquist on ForeclosuresConnect with Dave and Our Panel of GuestsDave's BiggerPockets ProfileDave's InstagramHenry's BiggerPockets ProfileJames' BiggerPockets ProfileJamil's BiggerPockets ProfileKathy's BiggerPockets ProfileCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-8See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

interview future home investing wealth real estate investors inflation worse property financial freedom rental real estate investing housing market biggerpockets market recap kathy fettke our panel daren blomquist

273: Auction.com Market Outlook: Inflation, Migration, and Profitable Opportunities with Daren Blomquist

BiggerPockets Real Estate Podcast

Play Episode Listen Later Apr 22, 2022 44:28

Inflation. It feels like it's out of control, and there's no escaping it in this news cycle. The reality is that the Fed would likely prefer to have a recession than runaway inflation, and we're in danger of having an overheated economy. So, what does this mean for real estate investors? To help answer this question, it's my pleasure to be joined by Daren Blomquist, VP of Market Economics at Auction.com and a regular contributor to the podcast. Daren and I have seen it all–market run-ups, fix and flips, the pandemic–and I rely on him just as much as CNBC, CNN, and Fox do for data and information. In this conversation, Daren and I dig into the potential for a recession and how inflation affects us all. We'll also talk about how issues affecting single-family residential home development might impact multifamily apartments. You'll find out where Daren (and the buyers on Auction.com) are seeing great opportunities, even now. Key Takeaways with Daren Blomquist Why the yield curve is a good predictor of potential recessions. How inflation is impacting the housing market and why we're at very high risk for a recession. The distress signals we're seeing in the housing market. The factors that are creating investment opportunities in the midwest and the Sun Belt. How populations have migrated pre and post-pandemic. The areas where there are opportunities to make a profit right now. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/273 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign Up For My Coaching Program! To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

opportunities cnn inflation fed migration cnbc profitable key takeaways auction sun belt market outlook market economics daren blomquist rate review if

580: BiggerNews March: How a Surge of Foreclosures Will Impact the Housing Market w/Auction.com's Daren Blomquist

Play Episode Listen Later Mar 8, 2022 60:35

The word “foreclosure” is forever stained in the minds of almost every American who lived through the great recession. News stories in 2010 would talk about the slew of families that had been foreclosed on, with big banks taking back property from a significant number of former homeowners. Fast forward twelve years and many real estate investing fortunes have been made on the backs of foreclosure sales. Is this chance coming back once again in 2022?Joined with us today for this month's BiggerNews is the David Greene and Dave Meyer duo plus special guest, Daren Blomquist, VP of Market Economics at Auction.com. Daren knows the foreclosure market inside and out, spending his days studying and analyzing housing market data. With the newest “surge” in foreclosures, Daren is here to quell the mind of investors who are either hoping for (or dreading) another foreclosure crisis.Back in early 2020, the US government imposed a foreclosure moratorium and a nationwide forbearance program, allowing citizens to hang on to their homes a little longer. As the economy shifts back into gear, and the moratorium ending, will we see a surge in foreclosures? Or, has price appreciation gifted so many homeowners with equity that foreclosures aren't even on the horizon? Whatever the answer is, Daren can help you, the investor, plan for your next money-making move.In This Episode We Cover:Announcing who the new BiggerPockets Podcast host is!The mass migration of homebuyers out of their local metros and into new surroundingsZillow's newest “SuperApp” that plans to replace realtorsHow the 2010 foreclosure crisis compares to today and what would bring a new wave of foreclosuresWhy foreclosures are up a whopping 97% as we head into 2022Investing in foreclosures and how to score deals before they hit the marketAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets Real Estate Podcast on Apple PodcastQuickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent FinderRedfin DataUberAirbnbZillowBlack Knight, Inc.BiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim RhodeRealtor.comDave Meyer's Real Estate NewsDave Meyer's InstagramDavid's InstagramHenry's InstagramRob's InstagramCheck the full show notes here: https://www.biggerpockets.com/blog/real-estate-580See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Distressed Property Sales: Auctions & Foreclosures with Daren Blomquist | Part 2

The Norris Group Real Estate Radio Show and Podcast

Play Episode Listen Later Feb 10, 2022 30:14 Transcription Available

Daren's focus is on analyzing and forecasting complex macro and micro-economic data trends within the real estate market and greater industry to help Auction.com build an increasingly efficient marketplace for distressed sellers and buyers.Prior to Auction.com Daren served as Vice President at Attom Data Solutions where he was widely recognized as an authority in the housing and mortgage industries. Blomquist analyzes and forecasts complex macro and microeconomic data trends within the marketplace and greater industry. The reports have been cited by thousands of media outlets nationwide, including: The Wall Street Journal, The New York Times, and USA TODAY. Blomquist also served as executive editor of the Housing News Report, named best newsletter by the National Association of Real Estate Editors in 2015 and 2016.The Norris Group originates and services loans in California and Florida under California DRE License 01219911, Florida Mortgage Lender License 1577, and NMLS License 1623669. For more information on hard money lending, go www.thenorrisgroup.com and click the Hard Money tab.Video LinkRadio Show

california new york times vice president wall street journal usa today national association auction auctions distressed foreclosures hard money blomquist property sales attom data solutions daren blomquist real estate editors

Distressed Property Sales: Auctions & Foreclosures with Daren Blomquist | Part 1

The Norris Group Real Estate Radio Show and Podcast

Play Episode Listen Later Feb 4, 2022 31:00 Transcription Available

MarketWatch: The Post-Moratorium Outlook for Residential Real-Estate I

Barron's Live

Play Episode Listen Later Nov 3, 2021 35:06

MarketWatch reporter Jacob Passy interviews Daren Blomquist, vice president of market economics at Auction.com, about how the end of the nationwide foreclosure and eviction moratoriums has affected investors' appetite for residential real-estate.

outlook auction marketwatch moratorium residential real estate daren blomquist

234: Auction.com Market Outlook: Hot Housing Market Shows Signs of Cooling with Daren Blomquist

Play Episode Listen Later Oct 29, 2021 37:01

Daren Blomquist, Vice President of Market Economics at Auction.com, joins me once again on the podcast to discuss and analyze the current real estate market to uncover the biggest opportunities for investors. In case this is your first time hearing from Darren, every quarter he comes on the show to talk about market trends and insights, so you can make more informed buying decisions. Today, we're talking all about what's going to happen with this hot housing market. Will it finally cool down OR could we see a housing bubble that bursts? Listen in to find out what we think. And for those of you who normally only listen, definitely check out the YouTube video of this conversation, as Daren walks us through a full presentation and shares a ton of visual aids to demonstrate where things are headed with the market. Key Takeaways with Daren Blomquist What's causing the perplexing labor shortage and how does it affect the housing market? How government stimulus has sparked inflation and caused the worst housing affordability since 2008. Existing home sales pump the brakes for the first time in 14 months! Indicators that we will see home sales and appreciation begin to slow down—which is needed to avoid another housing crash! Why new home supply will hit the market as demand softens. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/234 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign Up For My Coaching Program! To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com Get The Flip System Book! To get access to a free copy of The Flip System, visit getflipsystem.com/podcast

vice president signs key takeaways auction existing housing market cooling indicators market outlook market economics daren blomquist rate review if

213: Auction.com Market Outlook: Uncovering the Best Places to Invest in Real Estate with Daren Blomquist

NoteSchool Real Estate Investing in Mortgage Notes

Play Episode Listen Later Jul 27, 2021 53:16

In my latest podcast interview, I'm speaking with Daren Blomquist. Daren is the Vice President of Market Economics at Auction.com — the nation's largest online real estate transaction marketplace focused exclusively on the sale of bank-owned and foreclosure properties. His job is to mine real estate data for key insights and trends to help businesses and consumers make better decisions. On this episode of the Accelerated Real Estate Investor podcast, we dive deep into the data to better understand where the biggest real estate investing opportunities lie. We talk about job growth, population migration & affordability, the uptick in foreclosure auction activity, the types of properties that are being foreclosed on, and much more! For those of you who normally only listen, definitely check out the YouTube video of this conversation, as Daren walks us through a full presentation and shares a ton of visual aids and interactive maps to analyze trends in the real estate market. Key Takeaways with Daren Blomquist How investors are leveraging Auction.com to invest in real estate. Analyzing the unemployment rate post-pandemic and its impact on investors. Discover which areas of the country present the biggest opportunities for real estate investors! Daren shares a heat mapping tool to help you understand population migration & affordability. The 3 waves of possible foreclosure inventory over the next year. The number of FHA delinquent residential properties. Find out where and what types of properties are going to foreclosure. Uncovering rent growth rates and the hottest areas to own a rental property Learn how to use Auction.com to conveniently bid on house foreclosures remotely. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/213 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign Up For My Coaching Program! To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com Get The Flip System Book! To get access to a free copy of The Flip System, visit getflipsystem.com/podcast

discover vice president real estate invest uncovering analyzing key takeaways auction best places fha market outlook market economics daren blomquist rate review if

Another Sign Of An Irrational & Potentially Bubble Forming Market | NoteSchool Tv

Play Episode Listen Later Jul 12, 2021 6:03

People are now flipping houses, not because they intended to flip. The real estate market has gone up so much in value that people are selling properties even though it's only been a year since they bought the property. According to Daren Blomquist, a top real estate analyst in the US, this is another sign of an irrational and potentially bubble-forming market. Watch this short video now and let Eddie teaches you how to win in the note business. For more valuable information click on this link and watch the complete episode: https://youtu.be/QKYk6Kz2_DY - "Learning The Value Of Market Trends” For more valuable information click on this link and watch the complete episode: https://youtu.be/QKYk6Kz2_DY - "Learning The Value Of Market Trends” Uncover Why Savvy Investors Use Proven Mortgage Note Strategies for Massive Monthly Profits In Today's Ever-Changing Market… Risk-Free! Discover more about Note School and profiting without Tenants, Toilets and by taking our FREE one day class: https://new.noteschool.com/TV Latest Class Information: https://noteschool.com/live-classes/ Download a Brand-New eBook by Eddie Speed It's A Whole New Ball Game With Creative Financing https://lp.noteschooltraining.com/moneyball-getstarted https://www.facebook.com/thenoteschool https://www.linkedin.com/company/noteschool/ https://www.linkedin.com/company/colonial-funding-group-llc/ https://twitter.com/thenoteschool https://www.instagram.com/thenoteauthority/ https://noteschool.libsyn.com/rss https://www.stitcher.com/s?fid=582689&refid=stpr #NoteSchool #EddieSpeed #RealEstate #MortgageNote

discover market bubbles tenants credit score toilets irrational noteschool daren blomquist brand new ebook

Daren Blomquist | NoteSchool TV

NoteSchool Real Estate Investing in Mortgage Notes

Play Episode Listen Later Jul 8, 2021 26:43

Daren is vice president of market economics at Auction.com. In this role, Blomquist analyzes and forecasts complex macro and microeconomic data trends within the marketplace and industry to provide value to both buyers and sellers using the Auction.com platform. Daren's reports and analysis have been cited by thousands of media outlets — including all the major news networks and leading publications such as The Wall Street Journal, The New York Times, and USA TODAY. Daren has been quoted in hundreds of publications and has appeared on many national network broadcasts, including CBS, ABC, CNN, CNBC, FOX Business, and Bloomberg. About Auction.com eAuction.com is the world's leading distressed real estate marketplac that engages buyers with a real-time bidding process, providing more transparency than a traditional real estate transaction. With more than 700 employees in offices across the United States, Auction.com uses world-class technology and data science to bring buyers and sellers closer together, bridging the gap between both sides and unleashing the power of the marketplace with its unrivaled transaction platform. For more information, visit: https://www.auction.com  For more valuable information click on this link and watch the complete episode: https://youtu.be/QKYk6Kz2_DY - "Learning The Value Of Market Trends” Uncover Why Savvy Investors Use Proven Mortgage Note Strategies for Massive Monthly Profits In Today's Ever-Changing Market… Risk-Free! Discover more about Note School and profiting without Tenants, Toilets and by taking our FREE one day class: https://new.noteschool.com/TV Latest Class Information: https://noteschool.com/live-classes/ Download a Brand-New eBook by Eddie Speed It's A Whole New Ball Game With Creative Financing https://lp.noteschooltraining.com/moneyball-getstarted https://www.facebook.com/thenoteschool https://www.linkedin.com/company/noteschool/ https://www.linkedin.com/company/colonial-funding-group-llc/ https://twitter.com/thenoteschool https://www.instagram.com/thenoteauthority/ https://noteschool.libsyn.com/rss https://www.stitcher.com/s?fid=582689&refid=stpr #NoteSchool #EddieSpeed #RealEstate #MortgageNotes

united states discover new york times abc cnn cbs wall street journal usa today bloomberg cnbc auction tenants credit score toilets fox business blomquist noteschool daren blomquist brand new ebook

38 Learning the Value of Market Trends | NoteSchool TV

NoteSchool Real Estate Investing in Mortgage Notes

Play Episode Listen Later Jun 25, 2021 46:13

Join the NSTV team tomorrow, June 23, 2021, at 11:05 am CT, LIVE!. As they talk about market trends with one of the top real estate analysts in the US, Daren Blomquist. Daren is vice president of market economics at Auction.com. In this role, Blomquist analyzes and forecasts complex macro and microeconomic data trends within the marketplace and industry to provide value to both buyers and sellers using the Auction.com platform. Daren's reports and analysis have been cited by thousands of media outlets — including all the major news networks and leading publications such as The Wall Street Journal, The New York Times, and USA TODAY. Daren has been quoted in hundreds of publications and has appeared on many national network broadcasts, including CBS, ABC, CNN, CNBC, FOX Business, and Bloomberg. About Auction.com Auction.com is the world's leading distressed real estate marketplace that engages buyers with a real-time bidding process, providing more transparency than a traditional real estate transaction. With more than 700 employees in offices across the United States, Auction.com uses world-class technology and data science to bring buyers and sellers closer together, bridging the gap between both sides and unleashing the power of the marketplace with its unrivaled transaction platform. For more information, visit: https://www.auction.com  NSTV Timestamp: For Review 0:01 - “Do you want to hear from one of the top real estate analysts in the U.S. ? ” 1:30 - https://www.NoteSchool.com/TV 2:45 - Latest News 3:32 - US: Existing Home Prices Hit A Record High In May 4:24 - Downpayments: 40% of the people that bought a property last month have to put more than 20% downpayment. 6:05 - Today's Guest: Daren Blomquist, VP of Auction.com 7:15 - Daren tells his story of how he started in real estate 11:30 - https://www.Auction.com 14:13 - Daren talks about how they affected the real estate market through third parties 19:08 - Kinds of properties that come in foreclosure auctions. 22:01 - Daren talks about what he thinks the rest of 2021 is going to look like. 28:24 - Is the sales statistics 115% of the legal balance or UPB? 29:55 - What should a real estate investor and note investor do right now? 33:32 - Feeding Frenzy Friday & Notes Direct 34:06 - Feeding Frenzy Friday - https://www.NoteSchool.com/FFF 34:55 - https://www.NoteSchool.com/TV 35:14 - https://www.NoteScool.com 35:52 - After-Party! Uncover Why Savvy Investors Use Proven Mortgage Note Strategies for Massive Monthly Profits In Today's Ever-Changing Market… Risk-Free! Discover more about Note School and profiting without Tenants, Toilets and by taking our FREE one day class: https://new.noteschool.com/TV Latest Class Information: https://noteschool.com/live-classes/ Download a Brand-New eBook by Eddie Speed It's A Whole New Ball Game With Creative Financing https://lp.noteschooltraining.com/moneyball-getstarted https://www.facebook.com/thenoteschool https://www.linkedin.com/company/noteschool/ https://www.linkedin.com/company/colonial-funding-group-llc/ https://twitter.com/thenoteschool https://www.instagram.com/thenoteauthority/ https://noteschool.libsyn.com/rss https://www.stitcher.com/s?fid=582689&refid=stpr #NoteSchool #EddieSpeed #RealEstate #MortgageNotes

SOTM 72: Is a Wave of Foreclosures About to Hit the Market? – Auction.com’s Daren Blomquist

Real Estate Rockstars

Play Episode Listen Later May 10, 2021 49:24

What happens when mortgage forbearance ends? On today’s State of the Market podcast, Auction.com’s Daren Blomquist joins us to discuss the possibility of a massive wave of foreclosures hitting the market. We talk about current property prices, dive into detailed foreclosure stats, and more. Tune in and get information on everything you need to know as a Realtor, investor, or prospective homebuyer. Visit hibandigital.com/toolbox Claim Real Estate Discounts, Free Trials, and More Visit hibandigital.com/resources Sponsors Rebus University - Get Over $10,000 in Real Estate Training for as Little as $97 Visit futureofrealestatetraining.com PadHawk - Find Your Market's Best Leads for FREE with a 7-Day Trial Visit padhawk.com Roddy's FLS - Discover Unbeatable Real Estate Deals with a FREE Foreclosure List Visit 4closure.info Learn more about your ad choices. Visit megaphone.fm/adchoices

state market wave realtors auction foreclosures real estate training free trials sotm best leads daren blomquist

#192: Low Inventory, Housing Affordability & Foreclosure Projections with Daren Blomquist

tv projections auction inventory foreclosure housing affordability daren blomquist

Play Episode Listen Later Apr 30, 2021 49:30

TV pundits bring Daren Blomquist from Auction.com to their shows to explain exactly what’s happening in the housing market. A long-time Accelerated Real Estate Investor contributor, Daren is here to give my listeners the data that will help them prepare and adjust their strategy for the coming year.

NNA 67 - Post-COVID Real Estate Investing Predictions With Daren Blomquist

Note Night in America

Play Episode Listen Later Sep 10, 2020 62:39

Nobody really knows for certain what post-COVID real estate investing will look like, but we can make pretty good predictions based on the data that we have from the previous recession and what the market looks like now, months since the pandemic’s initial onslaught. As things stand, there are opportunities now and there will be opportunities to come, if you know where and how to look for them. On this episode of Note Night in America, the Vice President of Market Economics for Auction.com, Daren Blomquist, joins Scott Carson and shares the different market factors of the residential real estate investing markets. In particular they look at how the distressed notes market is doing in the face of increasing defaults and the tempering effect of foreclosure moratorium and the forbearance programs. They also discuss the future timing of foreclosures and how it will affect real estate investors and markets over the next one to two years.Love the show? Subscribe, rate, review, and share!Here’s How »Join Note Night in America community today:WeCloseNotes.comScott Carson FacebookScott Carson TwitterScott Carson LinkedInNote Night in America YouTubeNote Night in America VimeoScott Carson InstagramWe Close Notes Pinterest

covid-19 america love predictions vice president post covid auction real estate investing scott carson we close notes market economics daren blomquist

307: Why The Rich Are Getting Richer

Play Episode Listen Later Aug 24, 2020 34:53

The wealthy are enjoying federal monetary stimulus. Meanwhile, unemployed tenants can now be evicted nationally (check your local law). Own assets? Great. Mortgage interest rates are at historic lows; the S&P 500 is at an all-time high. (Entire episode transcript is below. Read as you listen.) In the pandemic, tenants want single-family homes more than communal apartments. Fannie Mae & Freddie Mac want to add a 0.5% refinancing fee. Homebuilder sentiment is high? Why? High demand, low inventory, low rates. Stagflation is explained. It is a stagnant economy with high inflation. There are signs that inflation is poised to increase. Resources mentioned: Inflation Triple Crown video: https://youtu.be/dZojl686fU0 Section 8 turnkey property: www.GetRichEducation.com/Section8 Stagflation video: https://www.youtube.com/watch?v=YaC_PNKu_Cg&feature=youtu.be Elevator Anxiety: https://www.axios.com/elevator-anxiety-reopenings-9a474985-4786-43a3-8b64-5119ff7f2267.html Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete Episode Transcript: Welcome to Get Rich Education. I’m your host, Keith Weinhold. The rich are getting richer and the poor are getting poorer. I can’t think of any one time in my life where that’s been happening more than it has been than right now. I’ll tell you why - and what you need to do to get on the right side of that. What is going on in the real estate market and what are the real estate economics that matter? Then, a discussion about inflation. Today, on Get Rich Education. ____________ Hey, you’re inside GRE. From Manila, Philippines to Managua, Nicaragua and across 188 nations worldwide, I’m Keith Weinhold. This is Get Rich Education. The rich are getting richer, the poor are getting poorer - and I can’t think of any one time in my life where that’s been happening more than it has been than right now. Because Americans living paycheck-to-paycheck might now be ... paycheck-less. Some of them are laid off - because of the pandemic - and now they're concerned that there's no national eviction ban. That’s right. In most states, non-paying tenants CAN be evicted at this time. Now, you’ve got to check your local law. Well, when is Congress going to do something to relieve those that the pandemic has left unemployed? Well, they don’t even reconvene until after Labor Day. Some people are wondering - “Where is the CARES Act 2?” Where are those updated forbearance options, eviction moratorium, the PayCheck Protection Program, and the $1,200 stimulus checks and the stepped-up weekly unemployment compensation? In fact, Richmond Fed President Thomas Barkin had good metaphor. He said: “Months ago, when we did the first stimulus, we thought the economy faced a pothole and the stimulus put a plate over it so we could navigate. Now escalation of the virus may be making that pothole into a sinkhole and creating a need for a longer plate.” That’s the end of what the Fed President said. Now, look, I think there’s a lot to be said for just letting the free market do it’s job. But it’s a little hard to be in this laissez-faire, Austrian economics school of thought when some people could be suffering. So that you know what I’m talking about, “lay-say-fare” basically means no government intervention into the free market. Meanwhile, the rich are bingeing off Federal Reserve policy and liquidity injections that keep mortgage interest rates at historic lows and the S&P 500 at an all-time high. Mortgage rates recently dipped below 3%, which is just amazing. You don’t even have to be THAT rich … to benefit. If you’ve got substantial exposure to the real estate market or the stock market, chances are, that those assets are doing alright. One thing that you need to keep in mind as an investor, is that, when the Fed puts rates on the floor, it affects more than just MORTGAGE rates - it affects other rates too - like savings account rates. Just look at the rates at bank savings accounts. Even if you’re in one of these online banks that give better yields than traditional brick-and-mortar banks - we’re talking about online-first banks like Ally Bank and Popular Bank - they were paying two-and-a-half percent on savings accounts not all that long ago. Even those banks are now down to about three-quarters of one percent - probably less than the real rate of inflation. So because savers get punished worse than ever right now, that, in turn, forces more people INTO things like real estate, because you’re in search of that yield. Even retirees can’t rely on the paltry income from three-quarters of one percent yield so they have to go to the markets to chase yields too - sometimes unwillingly. Well, when all these people that got negative REAL yield on savings accounts and CDs - and aren’t going to stand for it anymore, it forces more demand … and money into markets and consequently, floats the price of everything up. That’s what’s going on now. Now, I personally don't really like this deepening canyon between the "rich” and the “poor". But I know which side I'd rather be on. Besides the investment properties, a lot of people want to move and shake-up their living situation like never before - their primary residence - and filter their new home-buying criteria on pandemic ways of life. Bidding wars are rampant for single-family homes. How rampant are they? Well, Zillow just reported their highest daily active user count ... ever. Now, though property data can move even slower than your last 1031 Exchange did, Real Estate Economist Daren Blomquist just compiled THESE year-over-year price changes through quarter two. You’ve heard Daren Blomquist on the show here. He broke this down this way: City real estate is up +4% - again, this is all year-over-year through the second quarter. Town +4% Suburban +5% Rural +11% The two sources are ATTOM Data Solutions and the U.S. Census Bureau. So rural is appreciating the best. City and town is appreciating the least. With time, I expect urban areas and apartments to slump. Of course, urban areas and apartments kind of go together. In the pandemic, living in a lot of large apartment buildings has become about as fashionable as Jazzercise and The Atkins Diet. Of course, at GRE, we've long focused on rental single-family homes. We’ve talked a little about apartments and you know that I started out with a four-plex & got my start in real estate that way. This week, NAR Chief Economist Lawrence Yun noted: " ... (There's) an oversupply of apartment buildings, especially in city centers given the evident recent shift in consumer preference for single-family homes in the suburbs. Lawrence Yun continued: "Apartment rent growth could therefore be tough going ahead. The rise of single-family units is welcome, as overall inventory of homes for sale are down 19% from one year ago and there is intense buyer competition in the market as a result." That’s the end of what Lawrence Yun said. As long as your tenant can pay the rent, this is welcome news for your existing single-family rental homes - like the ones that you’ve acquired through GREturnkey.com. It puts upward pressure on the price. So congratulations there. The appetite for real assets, especially desirable rental single-family homes, now propelled by low inventory and low interest rates has put you in good shape if you’ve acted. But of course, the COVID pandemic isn’t over. We don’t really know how all of this is going to turn out. And even when a vaccine is developed, remember that it will probably take … at least a few months to distribute it. In my OWN portfolio, all of my single-family rental homes are occupied - 100%. But my apartment building vacancies are unusually high right now. When we talk about apartment buildings and office buildings as well - Axios recently reported about how residents and workers are experiencing what they call “elevator anxiety”. I’ll put that in the Show Notes for you. An elevator is one of the most physically, uncomfortable awkward places to be in the pandemic. If you’re wondering about how that real estate looks - we’re generally talking about buildings that are four or more stories in height. In fact, the ADA - the Americans with Disabilities Act - stipulates that properties with four or more stories generally are going to need to have an elevator. I’ll tell ya - if apartment buildings are as unfashionable as the Adkins Diet these days, then being inside an elevator is about as hip as Jane Fonda workout videos, NordicTrack, and Sweatin' To The Oldies with Richard Simmons. https://youtu.be/na9ZZ4ZjVa8?t=28 Oh geez. Did that really just happen? I guess it did. So … while we’re all processing that, getting back to real estate here. Now, Fannie Mae and Freddie Mac recently said that they will start charging a 0.5% “adverse market fee” on all refinances, including both cash-out and non-cash-out refis. They were trying to put that new fee into effect for next month. What a drag that would be. So for every $200,000 you refinance, you’d have to pay an additional $1,000 fee - or maybe your lender would pay it. What Freddie Mac said is: “As a result of risk management and loss forecasting precipitated by COVID-19 related economic and market uncertainty, we are introducing a new … what they call ... Market Condition Credit Fee in Price”. Freddie sent in their notice to lenders. Wouldn’t that be an annoying fee? Well, almost immediately, the National Association of Mortgage Brokers struck back. They launched a campaign to reverse that newly announced one-half of one percent refinancing fee. We’ll see where that goes. Now, things are really good for homebuilders these day. An index measuring homebuilder sentiment matched its highest level ever yesterday. Why? I mean, it’s simple. There is a healthy amount of DEMAND from buyers and not enough homes to meet it. Also, the 30-year fixed mortgage rate bottomed out at 2.88% in August, the lowest point on record. Those low borrowing rates are boosting homebuyers' appetites … obviously. There really are a few recent stories that are de facto microcosms - reflections of this appetite for a work-from-home arrangement and less dense housing. For example, it’s really telling to look at what the outdoor clothing and gear company, REI just did. Do you like REI? I like shopping there. Even if you aren’t into outdoor stuff, you can always find a cool water bottle or something at REI. Well, they just announced plans to sell the lavish corporate campus that they had just finished building near Seattle. REI executives concluded that employees were able to collaborate remotely better than the company originally THOUGHT ...so a massive physical HQ just wasn’t worth the cost any longer. So REI is selling what they had just built. Other real estate segments falling out of favor - are those high-density places, like you might expect - New York City and San Francisco. StreetEasy reported that Manhattan home values dropped 4.2% since last year and homes are lingering on the market more two months longer … than they had just last year. San Francisco list prices are down 5% annually, while inventory is up 96%. Yes, a near doubling of available inventory in San Francisco. NYC and San Francisco were already the most expensive housing markets in the country BEFORE the pandemic. And life under lockdown has given people that nudge they had already been considering for years. And then, single-family homes in outlying areas are the real beneficiaries here. There have been a number of notable milestones. COLORADO SFH sales rose 21% July-over-July. The median price statewide in Colorado is now $444,000. Just looking at Denver, Denver just broke the $600K mark for the first time ever. So, a few months into the pandemic, we’re getting a clearer sense of who the winners and losers are - a lot of them are what we expected. If I had to slim it down to just a 3-word answer for you on why the rich are getting richer, those 3 words are: Federal Monetary Stimulus. And the stimulus is disproportionately benefitting … asset owners. Well, the pandemic hasn’t affected some real estate investors at all. Others, feel more reliant on the next government stimulus program to give their tenants the wherewithal to pay the rent. Well, if you, as an investor want to have the majority of your rent income payment guaranteed to be made by the government to you over the long-term, well, that’s what landlords of tenants with HUD-funded “Section 8” housing have enjoyed for decades. You have guaranteed rent income. I think you remember that I had a turnkey provider that specializes in Section 8 housing here on the show on Get Rich Education Episode 297. So just ten show ago, which was 10 weeks ago. Like any investment, Section 8 Housing is best viewed through a prism of pros and cons. Section 8 is not for everybody. Some love it, some don’t … but this provider manages the Section 8 administration FOR you. They’ve got a great relationship with the housing authority. That’s something that most landlords of this government-subsidized housing never had. “Guaranteed rent income” has a nicer ring to it than it did just a year ago. Get the provider report and learn more at GetRichEducation.com/Section8 That’s our Richmond, Virginia provider. In fact, CNBC named Virginia as the most business-friendly state in the entire nation. I’m Keith Weinhold and I’m coming back to talk to you about inflation. Again, learn more at GetRichEducation.com/Section8. This is Get Rich Education! _________________ Hey, you’re back inside Get Rich Education. I’m your host, Keith Weinhold. Both the pandemic-driven CARES Act, and whatever other monetary stimulus acts that follow … are injections of trillions of dollars into the economy. In fact, it’s now driven our national debt to nearly $27 trillion dollars. Of course, this has the effect of … money printing. It’s not literal money printing. The more you learn about it, it’s often U.S. government bond issuance. A bond really just means that the government issues an I.O.U. that someone else, like China buys. Those are some of the semantics behind, what we you can really more closely think of as “currency creation” rather than money printing. Will this result in inflation? That’s the big question. Well, longer-term, many think, “yes”. Short-term, “no”. We are in a low demand environment. Of course, as a real estate investor, you want inflation. You might have seen on the Get Rich Education YouTube Channel where, I have visually mapped out how you win “The Inflation Triple Crown”. In fact, if you just Google the three words, “Inflation Triple Crown”, you can probably see me - as the first hit on Google - and you can watch me doing the whiteboard video. As you’ll remember, real estate investors win the Inflation Triple Crown because inflation provides you with: #1 Asset Price Inflation, #2 Debt Debasement and #3 Cash Flow Enhancement - that all works terrifically when you’re leveraged. There are more signs of inflation out there in the economy right now than we’ve seen in the recent past. Though I still expect it to be mild as long as we’re in this pandemic-driven low demand environment … The consumer price index rose six-tenths of one percent last month. That beat the two-tenths expectation that economists had had. Food are prices up substantially, and then, a substantial input to homebuilder pricing and therefore the future value of homes - is lumber - and lumber prices have been soaring higher. Treasury Secretary Steven Mnuchin said that the administration is unfazed with these historically obscenely high levels of government spending … thanks to the nation’s very low interest rates. See, the Fed is less concerned about mounting debt when the interest rate that THEY pay on their debt is low … much like you’re less concerned about your debt when the interest rate is so low - you might be looking to take on more debt now. Of course, YOU’VE got a better deal on your real estate debt than the Federal Government does, because the Federal Government doesn’t have tenants to service their debt for them like you do in an occupied rental property. Could America reach a STAGflationary state again like it did in the 1970s? We haven’t discussed the economic phenomena of stagflation before. Do you know what that is? Stagflation is a stagnant economy with inflation. That’s what it means. OK, usually a more stagnant economy - like we’re in now - is characterized by low inflation due to lower demand not running up the prices of consumer goods and household staples. But again, stagflation means that there’s a stagnant economy WITH high inflation. Could THAT happen this decade? To reinforce your learning here, let’s listen to the audio from this explainer video from One Minute Economics about stagflation. This is less than a minute & a half in length. https://youtu.be/YaC_PNKu_Cg Yes, well, if we get stagflation, meaning again, a stagnant economy that we have high inflation, I don’t know that we’d have another Fed Chief like Paul Voelcker - who, 40 years ago, brazenly raised interest rates so aggressively to combat inflation that mortgage rates were 18% forty years ago. I don’t know that anyone would prevent inflation from running away at that point. But again, that’s STAGFLATION. Now, I know what you might be thinking. Maybe you’re thinking that all of the Fed currency creation to pull us out of 2009’s Great Recession didn’t produce high inflation, so why would it be any different this time, with all these CURRENT cycles of massive dollar creation once again? That would be a valid thing for you to think. At least based on the official government numbers, we’ve only had about 2% monetary inflation in recent years. Well, see. Though high inflation wasn’t the RESULT ten years ago, it might have actually been CREATED and you just didn’t know it. So, here’s what I mean. Say that the expansion of globalization and technological advancement REALLY meant that we had NEGATIVE 5% inflation - another way to say that is that what if we WOULD HAVE had 5 points of deflation if they’re WEREN’T any excess dollar creation?. But yet, all of the dollar creation after the Great Recession caused 7% inflation. Well then, 5 points of DEflation offset by 7% INflation resulted in ... 2% inflation. Think about it that way. Maybe something like that is what really happened … and that is why all of today’s currency creation COULD result in high inflation. We don’t know that it will. But that’s just one reason why it COULD. Now, overall, to pull back and look at the state of housing in this pandemic-driven recession. Housing has been - and continues to be - substantially better off in this recession THAN it was in the 2008 Great Recession - that event - twelve years ago, had a housing COLLAPSE as a driver. People left the keys and walked away from their homes back then. Now, instead, we’ve got bidding wars for housing. I want to temper that with a reminder that the pandemic is not over yet, and it could still take an unforeseen turn. The bad part about this recession is that we’ve got higher unemployment than we did back then. Now, the reasons that real estate is BETTER OFF in this recession compared to the last one is: Housing Demand Exceeds Supply - that was in the OPPOSITE state last recession. Responsible Lending Prevailed - again, that was OPPOSITE of last time. We’ve Got Low Mortgage Rates - lower than they’ve ever been. And We had No “Bubbly” Price Run-up before this recession, unlike what happened in the 2008 Great Recession. They are … the key differences. Coming up on a future episode here - we’re primarily a show about how buy-and-hold residential INVESTMENT property produces wealth for you - and how to avoid mistakes. But so many people are re-evaluating their primary residence situation lately, that, coming up on the show, I’m going to go deep on - “Should You Rent Your Home Or Should You Own Your Home?” There is some counterintuition and paradox here. I’m going to give you a new twist on the fact that - if you pay rent, that is NOT The Same As Throwing Money Away Also, some people seem to think that homeownership is like: "Renting. Except you get to keep it." That is false and that has caused millions of people to buy houses that they later regret. Is your primary residence an investment? Do YOU consider it an investment? Well, in almost EVERY case it is a poor financial investment, but it could be a good lifestyle investment. So, “Should You Rent Your Own Home Or Own Your Own Home that you live in.” That’s coming up on a future show. Well, regardless of your living situation, pandemic-driven unemployment might have made you realize that … you need a durable, long-term 2nd source of income - if you don’t already have one. Even if you aren’t losing your job, circumstances have hit close to home for a lot of people. You can either let other people make money off your money, like the bank paying you 1% on your savings. Or you can make money off OPM (like borrowing at a 5% mortgage to invest at 11% - or hopefully, a lot more than 11% with the (up to) five profit centers that real estate has.) RE is that instrument of arbitrage. As they say, you can either teach a man to fish or give a man a fish. Well, why not do both? That IS the abundance mindset afterall. At GetRichEducation.com, we teach you how to fish. At GREturnkey.com, we give you a fish too. What is going on at GREturnkey? Well, first, get your mortgage pre-approval at a reputable lender that specializes in investment property like Ridge Lending Group. You’ll see at GREturnkey.com that Birmingham and Huntsville, AL have investor-advantaged numbers that work. Pockets of Huntsville may have better appreciation if they’re tied to employment in the space industry. Gosh, love him or hate him, Elon Musk gave us something to actually celebrate in an otherwise tough 2020 as he led the first private company to launch astronauts to space - emblematic of the burgeoning space industry - both Huntsville, AL and Orlando, Florida there at GREturnkey pick up on some of that. We just discussed Chicago here last week. Chicago and Dayton, Ohio are two markets that keep sourcing existing inventory that they beautifully renovate, and both markets have rent-to-price ratios that are typically OVER 1%. When you’re over 1% and mortgage interest rates are this low, it makes your affordability as an investor REALLY advantageous. That’s Chicago and Dayton. Des Moines, Iowa is sourcing a little inventory lately - not as much as some of the other providers. That’s a stable place. Florida is a bright spot for new construction turnkey property - Jacksonville, Tampa, and the aforementioned Orlando all sourcing brand new construction property. When it’s NEW construction, your insurance cost is often really low too. Memphis, Tennessee and Little Rock, Arkansas are both the SAME provider there at GREturnkey - and that provider name is MidSouthHomeBuyers. There you have lower price points and MidSouth Home Buyers is so good with beginners. And then, Oklahoma City - the numbers work and some media outlets have named Oklahoma City as the most recession-resistant market in America. You’re getting a 1% rent-to-price ratio there too. Finally, Richmond, Virginia - I mentioned them earlier. They specialize in knowing the ways and means of how to optimize Section 8 tenancies because they have a great relationship with the housing authority there. Most, or really all of these markets that I mentioned are in the United States Midwest & South. Florida - oddly enough - is not culturally the South - though it’s the most southeastern state there is - their history of net-in migration makes them culturally disparate from what we think of as the south, but … … all these markets I mentioned are in investor-advantaged metros where you generally have more stable prices, and landlord-tenant law that favors your rights moreso than the tenant’s rights. So these markets are hand-chosen pretty carefully for you. Once you’re pre-qualified for a loan, find all those providers & a few more at GREturnkey.com. I am honored because you have given me something … and that is that I have had the privilege of having your time today. Until next week, I’m your host, Keith Weinhold. Don’t Quit Your Daydream!

covid-19 america new york city chicago google china real americans san francisco colorado food ohio seattle elon musk price tennessee south current congress iowa created investment manhattan negative arkansas inflation philippines tampa birmingham housing richmond labor day jacksonville collapse exchange national association fed cnbc mortgage entire rural apartments cds result federal reserve guaranteed nicaragua oklahoma city opposite austrian hq rei federal government renting des moines great recession zillow little rock pockets cares act suburban huntsville jane fonda richer axios hud bidding s p better off census bureau fannie mae paycheck protection program deflation mortgage brokers richard simmons stagflation disabilities act freddie mac 600k gre opm homebuilder section8 all caps managua jazzercise sweatin eqrp treasury secretary steven mnuchin atkins diet qrp nordictrack lawrence yun ally bank keith weinhold streeteasy get rich education fed chief attom data solutions daren blomquist fannie mae freddie mac qrps reply stop quit your daydream eqrp co because americans ridge lending group one minute economics

#135: The Now & Not Yet of Post-COVID Investing - Part 2

covid-19 investing post covid daren blomquist

Play Episode Listen Later Aug 14, 2020 34:43

The last housing recession was a once-in-a-lifetime opportunity to buy foreclosures at rock bottom prices, but there will still be a chance to get a foreclosure deal in the next 1-2 years. In the second part of my interview with Daren Blomquist, we’re going to talk about the state of foreclosures across the country, and how soon we will start seeing them make it onto the market.

#134: The Now & Not Yet of Post-COVID Investing - Part 1

covid-19 investing post covid auction daren blomquist

Play Episode Listen Later Aug 11, 2020 36:47

With the news full of COVID and the economy, I know a lot of you are trying to figure out where the real estate market is headed. No more guesses and hunches; Daren Blomquist from Auction.com is bringing us solid charts and numbers to show us where the housing market is at right now, and where his predictions are for the next 6-12 months.

Foreclosures on the way? Daren Blomquist of Auction.com with Bruce Norris #705

The Norris Group Real Estate Radio Show and Podcast

Play Episode Listen Later Jul 24, 2020 34:11 Transcription Available

Bruce Norris is joined this week by Daren Bloquist. Daren is vice president of market economics at Auction.com. In this role, Blomquist analyzes and forecasts complex macro and micro economic data trends within the marketplace and industry to provide value to both buyers and sellers using the Auction.com platform.Daren's reports and analysis have been cited by thousands of media outlets — including all the major news networks and leading publications such as The Wall Street Journal, The New York Times and USA TODAY. Daren has been quoted in hundreds of publications and has appeared on many national network broadcasts, including CBS, ABC, CNN, CNBC, FOX Business and Bloomberg.Bruce and Daren will discuss whether foreclosures are coming and how Covid-19 has affected the process. What goes into the auction.com formulas when it comes to projections. Key measures of unemployment and tap able equity.The Norris Group originates and services loans in California and Florida under California DRE License 01219911, Florida Mortgage Lender License 1577, and NMLS License 1623669. For more information on hard money lending, go www.thenorrisgroup.com and click the Hard Money tab.Video LinkRadio Show

covid-19 california new york times abc cnn cbs wall street journal usa today bloomberg cnbc auction fox business foreclosures hard money blomquist bruce norris daren blomquist

What Is Next For Real Estate?

Business and BBQ

Play Episode Listen Later Jun 30, 2020 56:09 Transcription Available

On May 20th, I put together a panel of experts for a three hour webinar. The focus of the webinar was to discuss the impacts of COVID-19 on residential real estate investors. The event was centered around a keynote address by Dr. Mark Dotzour. Dr. Mark G. Dotzour is a real estate economist who served for 18 years as Chief Economist of the Real Estate Center at Texas A&M University in College Station. He has given more than 1,600 presentations to more than 295,000 people and has written over 90 articles for magazines and journals. His research findings have appeared in the Wall Street Journal, USA Today, Money Magazine and Business Week.First 30 Minutes: Introduction of speakersOne hour: Keynote Presentation: “The Economic Outlook for the Residential Real Estate Market” Mark DotzourThirty Minutes: Q&A with Mark DotzourOne Hour: Structured Panel discussing the presentation with all of the speakers and Q&AOur Keynote Speaker:Dr. Mark G. Dotzour is a real estate economist who served for 18 years as Chief Economist of the Real Estate Center at Texas A&M University in College Station. He has given more than 1,600 presentations to more than 295,000 people and has written over 90 articles for magazines and journals. His research findings have appeared in the Wall Street Journal, USA Today, Money Magazine and Business Week.Our Panelists: Kathy Fettke received her BA in Broadcast Communications from San Francisco State University and worked in the newsrooms of CNN, FOX, CTV and ABC-7. She’s past-president of American Women in Radio & Television. Rick Sharga is an accomplished Marketing executive with over 30 years of experience in consumer and business-to-business practice. Kevin Ortner is the president and CEO of Minneapolis-based Renters Warehouse, the nation’s largest and fastest-growing residential property management company. Ken Channell has focused his career on organizational development and helping franchisees and their teams focus on using their strength to develop profitable businesses.Daren Blomquist is Vice President of Market Economics for Auction.com. Tim Herriage is your host for this exciting, informative, and results oriented presentation.

All About the Data with Daren Blomquist

Portfolio Builders

Play Episode Listen Later May 4, 2020 42:53

Daren Blomquist is a leading voice in communicating the trends of market - past, present, and future. He is all about the data and constantly researches to be able to make the best decision possible.Daren is Senior Vice President of Communications at ATTOM Data Solutions (formerly RealtyTrac), where he directs ATTOM Media, a division of the company that publishes original real estate reports sourced from the ATTOM Data Warehouse, the nation’s most comprehensive property database. ATTOM Media real estate reports are cited by thousands of media outlets nationwide — including all the major news networks and leading publications such as The Wall Street Journal, The New York Times and USA TODAY.Daren has been quoted in hundreds of national and local publications and has appeared on many national network broadcasts, including CBS, ABC, CNN, CNBC, FOX Business and Bloomberg. Daren is also executive editor of the Housing News Report, a monthly newsletter published by ATTOM Data Solutions and named best newsletter by the National Association of Real Estate Editors in 2015 and 2016.For more info about Daren and to see some of his recent work, visit https://www.auction.com/inthenews See acast.com/privacy for privacy and opt-out information.

new york times data abc cnn cbs wall street journal usa today senior vice president bloomberg national association cnbc fox business attom data solutions daren blomquist realtytrac real estate editors

CC 34: Ron Paul on Liberty, Taxes, & Everything Else. The 'Construction Void' Housing Bubble Risk & Your 5-Year Plan

The CryptoCast with Jason Hartman

Play Episode Listen Later May 1, 2020 37:54

Jason Hartman kicks off today's episode with a look at Daren Blomquist's latest Housing Report and breaks it down piece by piece. He examines the data about a long-time low in housing starts, a construction worker shortage, and an investors lament. Then, Jason introduces his guest, and Meet the Masters headline speaker, former Senator Dr. Ron Paul. The two examine what liberty means, what government's role is, the damage our educational system is doing to our society, and what should be done with the federal income tax. Part 2 of Dr. Ron Paul's interview will be aired on Wednesday. Key Takeaways: Jason Monologue: [3:50] Daren Blomquist, with ATTOM Data, has released his latest Housing Report that examines the topic of bubble markets [8:16] The construction void: lowest home starts since 1964 [13:16] The idea of a bubble warning [17:04] When Jason didn't buy mobile home parks, an investors lament [20:18] A huge labor shortage in the construction industry [22:05] Don't forget to make your 5 year plan Ron Paul Interview: [24:01] What is the meaning of liberty, according to Ron Paul? [28:50] How do you draw the line about what the government should be involved in? [32:20] Ron Paul's liberty amendment to end income tax [35:58] Progressive education has harmed our nation Websites: www.JasonHartman.com/Contest www.JasonHartman.com/Masters www.RonPaulLibertyReport.com

masters risk bubbles taxes progressive websites contest void everything else ron paul year plan housing bubble jason hartman daren blomquist attom data

#110: Market Trends in a Post-Pandemic World

auction post pandemic market trends daren blomquist

Play Episode Listen Later May 1, 2020 53:33

Everyone’s got an opinion about which way the market’s going to go, so I turned to Daren Blomquist, the vice president of market economics from Auction.com, for some hard data. The trends in the housing market for the first quarter are surprising, but also rapidly changing. Daren and I talk about some of the pressures on the current market and make some predictions as to how the pandemic could impact real estate.

COVID-19, Home Sales & Values, Daren Blomquist, VP Market Economics, Auction.com

covid-19 vice president real estate values housing analysts mortgage auction foreclosure home sales npl market economics daren blomquist

Play Episode Listen Later Apr 14, 2020 30:54

As we head into the spring home selling season, economist are predicting a dismal performance. There are estimates that home sales could fall by 35% annually compared with previous years. Analysts are watching closing to see if the strong monetary policy implemented in conjunction with pent up demand will create a positive rebound over the summer. Joining the podcast to discuss housing is Daren Blomquist, Vice President of Market Economics at Auction.com. Daren analyzes economic data trends within the real estate market in an effort to create a more efficient marketplace for distressed sellers and buyers.

#092: National Real Estate Trends for 2020

national real estate auction daren blomquist

Play Episode Listen Later Feb 4, 2020 55:41

I take a step back today to look at national real estate trends as a whole with Daren Blomquist from Auction.com. They collect massive amounts of data, sift through it, and help you understand what’s going on in your market. We talk over the numbers from Q4, and he gives us some predictions for foreclosures, hot markets, cooling markets, and distressed properties.

1316 FBF: Ron Paul on Liberty, Taxes & 'Construction Void' Housing Bubble Risk

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Nov 1, 2019 38:27

Today's Flash Back Friday comes from Episode 912, originally published in November 2017. Jason Hartman kicks off today's episode with a look at Daren Blomquist's latest Housing Report and breaks it down piece by piece. He examines the data about a long-time low in housing starts, a construction worker shortage, and an investors lament. Then, Jason introduces his guest, and Meet the Masters headline speaker, former Senator Dr. Ron Paul. The two examine what liberty really means, what governments role actually is, the damage our educational system is doing to our society, and what should be done with the federal income tax. Part 2 of Dr. Ron Paul's interview will be aired on Wednesday. Key Takeaways: [3:50] Daren Blomquist, with ATTOM Data, has released his lastest Housing Report that examines the topic of bubble markets [8:16] The construction void: lowest home starts since 1964 [13:16] The idea of a bubble warning [17:04] When Jason didn't buy mobile home parks, an investors lament [20:18] A huge labor shortage in the construction industry [22:05] Don't forget to make your 5 year plan Ron Paul Interview: [24:01] What is the meaning of liberty, according to Ron Paul? [28:50] How do you draw the line about what the government should be involved in? [32:20] Ron Paul's liberty amendment to end income tax [35:58] Progressive education has harmed our nation Websites: www.RonPaulLibertyReport.com

masters risk bubbles taxes progressive websites void key takeaways ron paul flashback friday housing bubble jason hartman daren blomquist attom data

1316 FBF: Ron Paul on Liberty, Taxes & 'Construction Void' Housing Bubble Risk

Creating Wealth Real Estate Investing & Income Property

Play Episode Listen Later Nov 1, 2019 39:00

masters risk taxes progressive void key takeaways ron paul housing bubble jason hartman daren blomquist attom data

Ep 28: 2019 Housing Market Trends, Distressed Assets & Impact on Investors – Daren Blomquist of Auction.com

Shut Up and Do It Podcast

Play Episode Listen Later Oct 31, 2019 57:13

Daren Blomquist, former Director of Marketing & Communications with foreclosure data giant RealtyTrac & Attom Data, and now VP of Market Economics at the leading nationwide seller of distressed housing - Auction.com, goes into what he looks for in areas of growth and decline, leading indicators, and even gives a "top 4 markets to invest in" and a "top 3 markets to be cautious of" - all backed by real data. And it's not even in a nerdy way, like we are used to! This is definitely worth a watch, and if you're so inclined, set up an account at Auction.com and take a look at the inventory available. To keep up with Daren's industry trends & updates check out auction.com/inthenews. Daren Blomquist is Vice President of Market Economics at Auction.com. In this role, Blomquist analyzes and forecasts complex macro and microeconomic data trends within the marketplace and greater industry to provide value to both buyers and sellers using the Auction.com platform. Daren’s reports and analysis have been cited by thousands of media outlets nationwide — including all the major news networks and leading publications such as The Wall Street Journal, The New York Times and USA TODAY. Daren has been quoted in hundreds of national and local publications and has appeared on many national network broadcasts, including CBS, ABC, CNN, CNBC, FOX Business and Bloomberg.

Housing News Podcast: Auction.com's Daren Blomquist on the opportunity in housing

HW Podcasts

Play Episode Listen Later Oct 28, 2019 50:45

This week, Daren Blomquist, the vice president of market economics at Auction.com, has a very data-focused conversation about America's economy, the housing market's lack of affordability, and the growing presence of opportunity zones.

america opportunities economy housing recession auction housing market trade war news podcast opportunity zones housing affordability housingwire daren blomquist housing news podcast

#060: What’s Next for the Housing Market & How to Prepare

housing auction housing market josh cantwell market economics daren blomquist

Play Episode Listen Later Oct 4, 2019 58:32

Housing market trends, as well as the overall state of the economy, have a huge impact on real estate investors. To make the smartest decisions for your business, you need to stay informed. Get started by checking out Josh Cantwell’s most recent conversation with Daren Blomquist, VP of Market Economics at Auction.com.

260: The Debt Decamillionaire

Play Episode Listen Later Sep 30, 2019 42:47

$10 million in debt could BENEFIT you. I describe how. There are more “free-and-clear” homes today than in 2006. I tell you why. A major platform published that 30-year mortgages are better than 15-year. It appears terribly oversimplified. Home equity always has zero ROI. The debt decamillionaire can have a $300K annual tailwind from inflation-profiting alone. How to get informed, not affirmed. Then, Daren Blomquist joins us to discuss U.S. housing trends. The homeownership rate has declined, especially among those under age 35. The rental vacancy rate has plummeted to 6.8%. Market appreciation is cooling in a sustainable way, returning to long-term norms. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: 30-Year vs. 15-Year Mortgages: Business Insider My Forbes article: Why Home Equity Has Zero Return Auction.com GRE’s Tampa Field Trip: RealEstateFieldTrip.com Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text “QRP” to 72000 or: TotalControlFinancial.com By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation The NFL on CBS: www.cbs.com

nfl home market cbs debt roi benefit newsletter 300k gre free e qrp get rich education daren blomquist reply stop eqrp co

255: State Of The Real Estate Market with Daren Blomquist

Passive Real Estate Investing

Play Episode Listen Later Aug 26, 2019 35:57

Keith Weinhold says the word of this real estate era may be: “supply”. Why? The U.S. just hit its lowest rental vacancy rate in 35 years: 6.8%. Also, the U.S. just hit its lowest homeowner vacancy rate in 40 years: 1.3%. Mortgage interest rates just fell to near three-year lows. U.S. existing median SFHs now a record $279,600. Year-over-year appreciation is 4.3%. Regulation and environmentalism increase real estate prices. Join our Tampa Real Estate Field Trip at RealEstateFieldTrip.com Next, Daren Blomquist of Auction.com joins Keith to discuss current U.S. trends in: Foreclosure activity. Home price appreciation. Migration trends. Foreclosure activity is down due to high employment, more exotic loans now “rooted out of the system”. 91-92% of metros Daren studied are appreciating in value. Net migration winners include: Florida, Texas, Tennessee, The Carolinas, Georgia, Washington, Arizona, Nevada, Colorado. Net migration losers include: New York, California, Illinois, Louisiana. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned: Daren Blomquist: Auction.com Heat Map: Home Appreciation Heat Map: Net Population Migration GRE’s Tampa Field Trip: RealEstateFieldTrip.com Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text “QRP” to 72000 or: TotalControlFinancial.com By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation

Housing Market Trends with Daren Blomquist | PREI 174

Play Episode Listen Later Aug 13, 2019 37:42

Housing Market Trends with Daren Blomquist | PREI 174 Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing: http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast. This will greatly help share our podcast with others wanting to learn. Thank you! Learn more about your ad choices. Visit megaphone.fm/adchoices

ultimate guide housing market market trends passive real estate investing prei norada real estate daren blomquist

#022: Housing Market Trends: What You Need to Know (Daren Blomquist)

auction housing market market trends josh cantwell daren blomquist

Play Episode Listen Later Jun 14, 2019 55:39

The trends in today’s market can be confusing – especially for real estate investors who want to make the smartest decisions concerning their businesses. Josh Cantwell chats with Auction.com’s Daren Blomquist to get the latest details on trends in real estate, mortgage interest rates, and more.

IMN NPL Series-Economic Outlook, Blomquist, VP Market Economics, Auction.com

Play Episode Listen Later May 29, 2019 32:32

The outlook for the U.S. economy is dimming with several institutions lowering their growth forecast after April economic reports were published. JPMorgan Chase cut its forecast for second-quarter economic growth to 1% from 2.25% Oxford Economics lowered its estimate to 1.3% from 1.6% and Barclays forecast went down to 2% from 2.2% April reports showed retail sales unexpectedly declined, factory output was below forecasts, business equipment orders declined, sales of previously owned homes fell and permits for single-family homes hit the lowest in almost two years. April data is does not consider Trump ratcheted up his trade war with China this month by raising tariffs on some goods and threatening more levies. Joining the podcast to discuss the economic outlook and how it could impact the NPL market is Daren Blomquist, Vice President of Market Economics at Auction.com. CREATE VALUE WITH STATE OF THE ART PORTFOLIO MANAGEMENT TECHNOLOGY

donald trump china real vice president economy loans estate auction jp morgan chase economic outlook npl oxford economics blomquist market economics daren blomquist nonperforming

An eye on ibuyers

Looped In

Play Episode Listen Later Jan 4, 2019 24:29

ibuyers, these new data-driven real estate companies that buy properties directly from homeowners, are battling for market share in Houston and across the country. Nancy and her colleague Rebecca Schuetz are joined by industry analyst Daren Blomquist of Attom Data Services, to talk about how this new breed of companies is shaking up the residential real estate industry. Support the show.

ibuyers daren blomquist

Market Trends, with Daren Blomquist

Think Realty Radio

Play Episode Listen Later Oct 16, 2018 43:00

Daren Blomquist from ATTOM Data is on the show to discuss market trends. Abhi has some great questions for Daren that listeners don’t want to miss, for example, is home flipping still a good investment strategy despite shrinking profit margins? Get the scoop on the best neighborhoods for home flipping and the best neighborhoods to invest in rental properties. To learn more about ATTOM Data Solutions and the resources they provide email marketing@atttomdata.com The Power Play: This segment is all about International real estate investing and why it’s so hot right now. Foreign investors coming over to the United States have completely different goals than domestic investors — it’s all about capital preservation.

united states international investing real estate foreign market trends abhi think realty abhi golhar attom data solutions daren blomquist attom data greg rand

Attom Data, with Darren Blomquist

Flipping America

Play Episode Listen Later Sep 6, 2018 60:06

FAR 173 Expected Air Date: 7/23/18 Opening What are the guiding principles you use in your investing activity? We all think about returns, but do you consider other data points as well? Ok, some of you right now are asking, “what other data points?” If you are looking at a property to buy and hold and you are only looking at cash flow or only looking at capitalization rate, or only looking at net income, you are not looking far enough. Even if you are considering all three of those, and they ARE separate numbers btw, there is much more to consider. You need to think about the area, the past trends, the future projections, infrastructure, employment opportunities, and much more. So you need data. If you listen to the show much you know that our analysis is data driven. And we look behind the data for assumptions, theoretical models, and the methods used to combine data to reach conclusions. I realize that not all of you listening to this show can be that much of a nerd. It’s ok. We get our hands a little nerdy around here sometimes so we can help you make the best decision possible. That means we have sources for our data. One of our favorites is Attom Data Solutions. Coming up in a few minutes I have Daren Blomquist, Executive VP for Attom Data and we are going to bless your life with a little data talk. Now before you turn this off and switch over to yet another rerun of Gilligan’s Island or Big Bang Theory, let me tell you a few things we are going to be talking about. Attom data is the same company formerly known as RealtyTrac.com. That means they are experts on foreclosure data. We will talk about that. Want to know about crime rates in a prospective area? How about information about the particular property and its history? They’ve got those. Want to know what a neighborhood is like? Income level, percentage of college grads, crime rate, and more? They have it. Want some juicy stats on investor activities? Done. How about a list of distressed or potentially stressed properties? Where do you think the list brokers get theirs? Yeah - go straight to the source and we are going to tell you how. We are going to tell you how to get your hands on their Bi Annual Report on Single Family Rental Home prices. And you don’t want to miss this part -- in the last segment I ask Mr. Blomquist to look into his crystal ball and tell us what he sees happening with housing prices and the markets. His answer is coming up! With RealtyTrac since 2001, Daren Blomquist has been instrumental in many facets of the company’s business as it has transformed into the industry leader it is today. In addition to being one of the company’s longest-term employees, Daren is RealtyTrac’s primary media spokesperson and resident go-to expert on foreclosure statistics and trends. Daren is also managing editor of the company’s monthly newsletter, the Foreclosure News Report, which was named the “Nation’s Best Newsletter” by the National Association of Real Estate Editors, and is directly responsible for the creation of the company’s U.S. foreclosure market and sales reports, which are cited by thousands of media outlets nationwide — including all the major news networks and leading publications such as The Wall Street Journal, The New York Times and USA TODAY. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. Guest: Daren Blomquist www.Homefacts.com www.homedisclosure.com www.Realtytrac.com Check out the Neighborhood Index. Look up Flip Transaction Data Read the Bi-Annual Report on Single Family Rental Home Prices Topic: Flash in the Pan Flash in the Pan: https://www.phrases.org.uk/meanings/flash-in-the-pan.html Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Alissa, Grand Rapids MI, “What do you do for security in your fix and flips? I have one in a marginal area and I’m a bit worried about materials left on site and basically the house itself.” Motivational Thoughts for the day “It doesn’t matter how slowly you go as long as you do not stop.” -Confucious.

new york times reach island real estate wall street journal income usa today national association pan big bang theory executive vp flipping houses grand rapids michigan blomquist confucious attom attom data solutions daren blomquist realtytrac comment line attom data real estate editors homefacts

198: Your Cash Flow, HELOCs | Real Estate Technology with Daren Blomquist

Play Episode Listen Later Jul 23, 2018 45:59

#198: The five ways real estate pays you, your monthly cash flow and using HELOCs are three listener questions that I answer today. Home inventory is so low that machine learning and artificial intelligence are being used to predict when someone is likely to sell. ATTOM Data’s Daren Blomquist tells us where today’s housing values are compared to pre-recession peaks. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 00:57 How would $1,500 monthly cash flow help me? 04:00 The “5 Ways” real estate pays you. 06:40 HELOCs. 26:16 Daren Blomquist interview begins. 29:00 Machine learning, artificial intelligence in real estate. 35:00 Higher mortgage interest rates = higher home prices. 38:18 National median housing prices vs. “pre-crash” highs. 40:30 Housing values in “stable” markets. 43:38 Get Rich Education TV. Resources Mentioned: www.attomdata.com Get Rich Education TV: GetRichEducation.tv Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Apartment Investor Mastery: BradSumrok.com Turnkey RE: NoradaRealEstate.com Find Properties: GREturnkey.com GRE Book: GetRichEducation.com/Book Education: GetRichEducation.com Hey, welcome in to Get Rich Education, Episode 198. I’m your host Keith Weinhold and I’m going to answer a few listener questions today… ...about your cash flow, your total rate of return, and finally, Home Equity Lines Of Credit. Then we’re going to have one of the top real estate trend trackers in the nation join us here later. Let’s get right into it. Ellis from Gastonia, North Carolina asks, “Keith, Episode 188 had a great breakdown of how run you all of the numbers on an income property. The thing I’m wondering about is that your example only resulted in a positive cash flow of $150 on that property. With the maximum of 10 conforming loans that we can get, that’s only $1,500 in monthly cash flow. How would that be enough for us to leave our job?” Thanks, Ellis. And, of course, not everyone that listens here wants to have their passive real estate income replace their passive job income. Though many do. ...and it’s not a get rich quick thing...it’s about incrementally building up durable cash flow streams over years. Well, Ellis, and I’m not sure how many shows you’ve listened to. That example of the $150 cash flow was just for one SFH - and really for one of the lower-cost ones - the purchase price on that was 70-some thousand dollars. It was in Memphis. So most of the income properties you buy will have a higher purchase price, higher figures, and often a higher cash flow. Really, $1,500 with ten properties would be about as low as a projected number could possibly get. So Ellis, if you’re married, both you and your spouse - you each qualify for 10 one-to-four unit properties...20 total and BTW… ...you want to put those in your individual names. If both you and your wife were on the loan, that would count as a strike against each of your limit of 10, so as you buy, alternate back-and-forth - you own the first one, she owns the second, you own the third, and so on, or something like that. So that’s 20 doors minimum there - or I guess 19 since your primary residence is part of that formula, plus if you have some duplexes or four-plexes in there, that might be 25 or 30 or 40 doors. So, there’s so many reasons why you would likely have substantially more than $1,500 in passive monthly cash flow. Then there are financing programs beyond conventional ones, you might also have some 5+ unit apartment buildings, some agricultural parcels or a mobile home community, or maybe you even got a couple low-cost properties paid-off and don’t think it’s worth getting a loan for tiny amounts, so they produce cash flow although there’s no loan there… ...there are a ton of reasons why it would be way more than $1,500. Thank you for the question, Ellis. ...And another important thing to remember there is that we’re only talking about cash flow - which is only one of five simultaneous profit centers that you typically have. But cash flow is a key profit center because it’s the most liquid one. Jessy from Sacramento, CA says, I love your show. It’s flipped my financial mindset totally upside-down, changed my family’s life, and changed what I thought was possible for us. Part of what I love hearing about is that 5 Ways You’re Paid in real estate. Ah - then he (or she?) shows me an example here in the question of 30% for leveraged appreciation + 6% cash flow , 5% loan paydown, 4% tax benefits, 3% inflation-hedging = a total return of 48%. Yes, those are the five ways that real estate investors often have as profit centers. The question Jessy asks about this is: “Though I get my properties from GREturnkey.com and these returns seem about right, I don’t think I’m invested in any one market that performs this way.” OK, I love that question, Jessy. Few individual markets are going to perform just that way. It’s a blended portfolio approach. For example, on your new purchase in Dallas-Fort Worth, you might not have any cash flow any more. It might be cash flow zero. That’s just the way DFW behaves now. But it’s likely that you’ve been achieving better than 6% appreciation there in DFW (and I’m referencing that 6% appreciation at 5:1 leverage as the 30% Jessy gave in the example). Then if you’ve also bought in Memphis, you’re likely achieving less-than-average appreciation - that’s just how many areas in Memphis behave, but you’re getting above-average cash flow. So it’s the blended portfolio approach that can lead to “Year One” returns like what I’ve described with the “Five Ways That You’re Paid”. Multiple markets means you’re more diversified at the same time. One market, however, that’s performed lately with a nearly equal measure of both appreciation and cash flow are some of the Orlando and Tampa Bay submarkets...so some markets will come close - most won’t - they’ll be weighted differently across your five profit centers. Thanks for the question, Jessy. The next question comes from Michael in Astoria, Oregon. Astoria is beautiful. One day, I went to the top of the Astoria column there - it’s a tower overlooking the mouth of the Columbia River. Michael says, “There aren’t any cash flow markets out here on the west coast and we have substantial equity in our $1 million Astoria home. We still owe $504,000 on the loan so it’s about half-paid off. From listening to you and understanding that the Return From Home Equity is always zero, I also know that our leverage ratio has been cut to 2-to-1. What’s the best way of removing our home equity to use for down payments on cash-flowing income property?” Well, thanks for the question, Michael. First of all, you need to decide for yourself that that’s what you want to do with your home equity. Understand that doing so means that none of your equity is lost - it is merely transferred into multiple properties - and it also can produce a cash flow for you now. Of course, though the return from home equity is always zero, borrowing against your home equity incurs an interest rate expense that you need to beat. I’ve removed equity from my property with a HELOC for buying more investment property...and let’s drill down and unpackage a HELOC here - H.e.l.o.c. - Home Equity Line Of Credit. Let’s talk about why you would use one, how it works, and both your advantages and your risks here, Michael. With a HELOC - if you understand how a CC works, you largely understand how a HELOC works, except your credit limit is based on how much equity you have in your home. You can usually borrow up to an 80% combined LTV ratio. So what’s 80% combined LTV really mean? Now with your home, let’s just round your million-dollar home’s mortgage loan balance to 500K. This means that you could potentially borrow up to $800K total - you’ve already got a $500K lien on the property, meaning you could get a HELOC for another $300K. Yes, with $300K, you could potentially put $30K into ten low-cost income properties in the Midwest and South - down payment & closing costs. Now you’ve spread your risk around because you’re invested in multiple RE markets. Now to qualify for a HELOC, you'll need to document your income and employment status just like you would if you were refinancing your home, Michael. People often use HELOCs for home repairs, sometimes they’re used to pay down higher interest rate CCs. But you can use the funds for anything - a trip to France, a new fishing boat. The HELOC is essentially a second mortgage for you. Like a credit card, homeowners can borrow or draw money on multiple occasions, usually for a period of 5-10 years, and up to a maximum amount - it would be $300K for you in this case, Michael. There are two time phases with a HELOC. The first one is your Draw Period, which typically lasts 5-10 years. The second one is your Repayment Period - which can last about 10 years, maybe even up to 20 years. Now the first one, your HELOC Draw Period is a really nice time. Now you’ve got access to $300K, and you only need to make interest-only payments on it - which means you have flexibility - you can make principal payments on it if you want, but you only need to pay the interest portion monthly. And your HELOC balance can be very elastic - like a credit card - you could just borrow out $150K on your $300K line right away, make extra principal payments to get it down to $120K after a few months, then months later, run it all the way up to the limit of $300K, and years later pay it back down to “0” again. It’s a pretty great time for you - you’re enjoying what feels like a windfall of cash and you only need to make the interest-only payments. But after this 5-10 year Draw period, the second of your two HELOC time phases begins - your Repayment Period. Now, this can be a real test of how responsible you’ve been with your HELOC funds during your Draw Period - because during this repayment period which can last 10 to 20 years, you must pay both the interest and the principal amount - so your required minimum payment will be higher over all these months until you pay the HELOC balance back down to zero. Usually, the repayment amount is calculated by dividing the capital you’ve accessed - call it $300K here - by the number of months in your repayment period. Simple math here. Now, before you originate your HELOC - beware - occasionally, a lender requires your capital to be fully repaid at the end of your 5-10 Drawdown period all in one lump sum - which is known as a balloon payment. So before you take out a HELOC, just ask your mortgage loan officer about the duration of your Repayment Period once your Draw period ends, ensuring that there’s no balloon due. Now, even if you do have a 10-20 year repayment period, some borrowers still get surprised at the higher payment during the repayment period - but you won’t be - you’ve got to pay both principal and interest there. Your required payment will increase then. Now, here’s a great option for you. Of course once your 5-10 year Draw Period ends, maybe you want to keep your line of credit and extend the draw period. Many lenders will do this for you, so long as your home still has enough equity and your financial health hasn’t tanked. Typically, a lender will “pay off” your old line of credit by simply extending you a new one. Now that you understand Draw Periods and Repayment Periods, let’s talk about your HELOC’s interest rate. HELOCs have substantially lower interest rates than CCs. HELOC interest is often tax deductible - CCs are not. Your interest rate floats. It’s not fixed. HELOC interest rates are tied to Prime Rate or LIBOR plus a margin above that which is based on your credit score. Your upfront HELOC costs low, Michael. A $300K HELOC cost might only be a $1K upfront cost. Now, let’s talk about some risks associated with using your primary residence’s equity for purchasing rental property. If you have a habit of abusing credit, maybe avoid a HELOC altogether. Since a HELOC is secured by your home equity, if you don't repay it, you could end up in foreclosure. The same of which can be said for most any mortgage. Let me tell you about something bad and unforeseen that happened to me with a HELOC in about 2007 or 2008….and by the way, lending guidelines were so loose then that I actually had a 90% LTV HELOC on a non owner-occupied four-plex. If you can believe that! But it’s not like that today, so with your HELOC based on 80% LTV on your primary residence, say, Michael, that you’re in a place during your draw period a couple years down the road and say you’ve borrowed $150K of your $300K HELOC. You’ve got half of it in use. Here’s what happened to me, just using your numbers to stick with your example - I got a notice from the bank telling me, essentially that they froze my HELOC. What did freezing my HELOC mean? It meant that even though I was still in my Draw Period, they wouldn’t let me draw further equity from my home - it was frozen at $150K. Now, they didn’t call the note due or demand any principal payments. I could still make interest-only payments on the $150K, but with no further drawdowns. There was another $150K that remained unutilized. ...and why was that? Well, a lot of unprecedented things happened during the Great Recession of 2007 to 2009. Even though the property I owned didn’t fall in value all that much ten years ago, when housing values started turning down nationally 10-12 years ago, many banks said that you can’t make any further draws on your HELOC - we’re freezing it - essentially the banks were saying that we’re worried about the value of your collateral that secures this loan that we made to you. Well, I was disappointed because I still had some open funds to use on my HELOC, but access was shut off for quite a while. That was the HELOC freeze. Now, I could have avoided that had I just taken all the money out of the HELOC and put it in my own liquid bank account. Of course, I would have had to pay interest on a lump that I wasn’t investing too. Let me just add here, that whomever you listen to for finance and real estate investing information and education, listen to someone that been through a downturn. I’ve been successfully investing in real estate directly since 2002, and the housing crisis and mortgage meltdown of 2007 to 2009 was actually good for me - as I’ve discussed on other shows. Now, for you to get a gain - your HELOC interest rate that you’re paying should be the same as, or lower than, the cash-on-cash return of the income property that you’re buying with the HELOC funds. That’s because it’s cash that you service the I/O HELOC payments with - and you’re really keeping an eye on that when your Draw Period comes to an end. Remember that HELOC rates have been rising and they’re poised to keep rising. Now, I already know what you’re thinking. You’re excited about real estate investing and building your portfolio and if you have some equity in your home, you might even be thinking something like: “Even if my income property’s CCR ends up lower than my home’s HELOC interest rate, it’s all going to work out for me because when I consider that the income property pays me 5 ways (of which the CCR is only one of those five), my Total Rate Of Return will dwarf the smaller HELOC interest rate. I know you might be thinking that. And you know what, you might even end up being right and it will work out for you, but now you’re tilting into a riskier area. And you’re going to do whatever you’re going to do…. ...but the Mortgage Meltdown ten years ago proved to me that liquid cash flow is what services HELOC payments. The other four ways you’re often paid - appreciation, loan paydown paid by the tenant, tax benefits, and inflation-hedging - none of those profit centers are liquid. By the way, and thanks for the question Michael - Now, I’ve had some detractors in the debt-free School Of Thought that won’t even entertain the notion of harvesting equity from their own home and buying rental property with it. But I do it...and I’m not telling you to do it...I’m saying make your own decision. But some even say things like - I bet you won’t like your decision when we have another mortgage meltdown like we did ten years ago. My response is - this way, I’m better positioned in a mortgage meltdown. During the Housing Crisis, some markets even lost 50, even 60% of their housing values. In a meltdown, I’m going to be really happy that I didn’t have a lump of equity all in one property just in one market. Plus, during all that time leading up to a potential future meltdown, I will have had positive cash flow the entire time. I’ve even had a couple people - that just don’t ever seem to want to think abundantly say - well what if things go beyond a recession and we’re in an all-out depression and everyone loses their job and Americans are massively starved for food. Then the person that rents your Kansas City property won’t have their medical job to pay your rent anymore, and the Fedex employee in Memphis that rents your place won’t have a job and your cash flow will dry up. Sheesh, if we’re in an all-out Depression, and the economy breaks down, no one accepts the dollar, and there’s anarchy and mass starvation and looting and Americans don’t even have clean water and everyone’s defaulted on every loan they have, then the fact that you lost the cash flow on your St. Louis rental property is not even going to be one of your Top 20 problems. So...I don’t know what these people are thinking. Now... When you’re running your numbers on a single-family income property that you’re thinking about buying and you get a CCR greater than 10%, you know, these days. I want you to look at that CCR with a magnifying glass. Many markets have prices rising faster than rents that can keep up proportionally. You can still get 10% on a SFH, but not as easily as before. And I still don’t know of a better place to invest right now than SF income property. And I don’t think we’re in any kind of housing “bubble” now. A bubble is defined as a price level unsupported by fundamentals. Today, supply shortage is driving demand. Therefore, it is very much still a fundamental price increase, not a bubble - in these stable inland markets where we buy homes a little below the median housing value. So...know the pros and cons of strategic investment moves like a HELOC origination. Your goal, as a successful investor, is to maximize your ROI throughout your investing lifetime. I frequently sell or refinance properties due to that fact that equity-heavy properties decrease your ROE - your Return On Equity. Financially-free beats debt-free. The debt-free person asks a question like “Where do I think I can be someday?” The financially-free person instead asked themself a better question - what do I have right now to make my & my family’s life better now - what tool do I have that I didn’t even know I had. What knowledge do I have now, what talent do I have now, what property equity do I have now, what relationships do I have now. So...thanks for the listener questions today. I only got to three. There is such a backlog of questions that I’ve got. I wanted to answer three that I felt would be most applicable to the greatest number of people. Well, ATTOM Data’s Senior VP Daren Blomquist is back with us today. We’re going to discuss how among homeowners - they’re staying in their homes longer than before - but renters are not included in this - so note that this isn’t a direct measure of transiency. There are so many reasons for why homeowners are staying put longer Low interest rates that they locked in years ago often means they don’t want to leave. Mortgage underwriting standards are tougher than they were pre-recession. The supply of replacement properties is low. To a lesser degree - our population aging - the older one gets, the less they move. The supply problem is getting so bad that people increasingly are using data sets of predictive analytics and Artificial Intelligence to tell if someone is about to sell their home. All that’s next, plus where the more undervalued Midwest & South housing markets are for income property today. You’re listening to Get Rich Education. ______________ For those figures Daren was using in comparing various metro housing market prices to their pre-recession peaks, those numbers are not adjusted for inflation. Keep that in mind. So if over the last decade we had a cumulative 30% inflation over all those years, then a housing price that’s 30% greater is essentially the same. Very important distinction there. Thanks again to Daren Blomquist. I know that you’re a Get Rich Education listener, but are you a Get Rich Education watcher? Get Rich Education TV is developing. Understand that a lot of changes are taking place there as it’s just evolving. If you want free education, motivation and tutorial videos from me - just go to GetRichEducation.tv for more. Let me know what you think about Get Rich Education TV. Land there directly at GetRichEducation.tv. Until next week, I’m your host, Keith Weinhold. Don’t Quit Your Day Dream!

193: How To Raise The Rent | Amazon HQ2 with Daren Blomquist

amazon mistakes raise rent newsletter neighborhood flipping actionable hq2 amazon hq2 get rich education daren blomquist

Play Episode Listen Later Jun 27, 2018 34:40

#193: If you raise the rent, these deadly mistakes will make your tenant move out. Learn how to effectively raise the rent in a way that makes your tenant stay. Rent escalators. You learn how to leverage your rent hikes. I review exactly what to include and exclude from your Notice Of Rent Increase Letter. Where do I get my investing and real estate information from anyway? I tell you. ATTOM Data Solutions’ Daren Blomquist reveals the exact city where Amazon is most likely to locate their second headquarters (HQ2) based on their research. Flipping activity can be predictive of “up-and-coming" neighborhoods. Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:42 You can leverage rent raises! 04:21 Mistakes to avoid in rent hikes. 07:01 Steps to raise the rent properly. Rent escalators. 10:36 Notice Of Rent Increase Letter. 15:55 Daren Blomquist Interview begins. 16:42 Amazon HQ2. 23:59 Neighborhood grading. 27:57 Flipping activity can predict "up-and-coming" neighborhoods. Resources Mentioned: AttomData.com Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Apartment Investor Mastery: BradSumrok.com Find Properties: GREturnkey.com GRE Book: GetRichEducation.com/Book Education: GetRichEducation.com

The Best of Think Realty Radio (So Far)

Think Realty Radio

Play Episode Listen Later May 4, 2018 43:00

The Best of Think Realty Radio presents a compiled collection of clips hand-selected by Abhi himself, including informative segments from episodes featuring John Wiley, Daren Blomquist, Jean Guarino, & more. Follow Abhi on Instagram. Follow Abhi on Twitter. Follow Think Realty on Twitter.

investing real estate abhi john wiley think realty abhi golhar daren blomquist think realty radio

Our Hot-Off-The-Press April Market Update Is Here

Montgomery County Real Estate Podcast with Diane Cardano

Play Episode Listen Later Apr 6, 2018

Changes are coming to our market. Today, I’d like to review a few expert predictions on what we can expect. It’s time for the April edition of our hot-off-the-press market report. Spring is here and the market is on fire! If you’ve been thinking recently about the value of your home, I’ve got some great news to report. CoreLogic’s chief economist Dr. Frank Nothaft recently said that “[…] the net result of rising demand and limited for-sale inventory is a continued appreciation in home prices.” Also, according to the most recent Case Shiller report, appreciation was steady between June and November of last year. While there was a small slowdown in December, this doesn’t mean prices went down. All it means is that we went from an appreciation rate of 6.4% in November to 6.3% in December. This slowdown is very normal for the last month of the year. Sellers whose properties didn’t move off the market sooner are simply ready at that point to have their transaction over and done with. This translates to lower prices. Next, I’d like to give you a look at the average annual appreciation rates we saw in the past, including rates from during the housing bubble between 2000 and 2007. To give you some historical context, we can see that the pre-bubble appreciation rate for the 12 years between 1987 and 1999 was 3.6% per year. During the bubble, the appreciation rate was at more than 7% per year. Then during the bust period between May 2007 and December 2011, values depreciated by 5.5% per year. Since then, appreciation rates during the recovery period to date have been at 5.3% per year. “If recent predictions are true, we will soon be back to normal appreciation rates.” Now that we know what has led us to where we are today, let’s look at what is being projected as we move forward into the next five years. A survey conducted by a panel of over 100 economists, real estate experts, and market strategists found that most experts believe we will finish 2018 with an appreciation rate around 5%.In 2019, the rate is projected to slow down to around 4%. Then, appreciation is expected to level off at 3% per year from 2020 until 2022. Personally, I believe that anything past 2019 is too far off to accurately predict. However, if these predictions are true, we will soon be back to normal appreciation rates. So, what about cumulative house appreciation by 2022. The Bulls are at 27.4% and the Bears are at 8.3%, with the average projection being 18.2%. With all of that being said, is it a good time to sell? Well, according to Daren Blomquist, senior VP at ATTOM Data Solutions, “It is the most profitable time to sell a home in more than 10 years.” However, he also said that homeowners are staying put much longer than we’ve ever seen. So, if you are thinking of putting your home on the market, I’d like to invite you to join us for our next Home Selling Sharks Seminar on April 7. The event will be at Hilton Garden Inn in Fort Washington, beginning with a breakfast at 8:15 a.m. with the seminar starting at 9:15 a.m. To sign up, visit http://www.homesharkseminar.com. If you have any other questions or would like more information, feel free to give me a call or send me a call or send me an email. I look forward to hearing from you soon.

Think Realty Radio Show #49 with guest Daren Blomquist

Think Realty Radio

Play Episode Listen Later Mar 8, 2018 43:00

The power of distilling data and making it actionable for your investing decision making. Featuring guest Daren Blomquist, Senior Vice President of ATTOM Data Solutions. (www.attomdata.com)

data radio show daren blomquist think realty radio

JF1218: Using Algorithms & Data To Find Great Deals with Daren Blomquist

Best Real Estate Investing Advice Ever

Play Episode Listen Later Jan 3, 2018 22:38

Another great episode to set yourself up for success in 2018. Daren works for ATTOM Data Solutions, a company that tracks real estate data for their customers to use however they wish. The major take-away from this episode (besides knowing how to access and use their data) is that their data shows we are still in an upcycle, with high demand for more supply. Daren says that this may be a great time to sell if you have property you have been holding for some time. We’ll hear more specific market reports from Daren including which markets have great returns,and which ones have become more expensive and less attractive to investors. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Increased Days On Market is an indicator that the market is weakening” - Daren Blomquist Daren Blomquist Background: - Senior Vice President of Communications at ATTOM Data Solutions (formerly RealtyTrac) - Directs ATTOM Media, a division that publishes original real estate reports sourced from the ATTOM Data Warehouse - ATTOM Data Warehouse, the nation’s most comprehensive property database - Executive editor of the Housing News Report, a monthly newsletter published by ATTOM Data Solutions - Based in Orange County, California - Say hi to him at: Made Possible Because of Our Best Ever Sponsors:Are you looking for a way to increase your overall profits by reducing your loan payments to the bank?Patch of Land offers a fix-and-flip loan program that ONLY charges interest on the funds that have been disbursed, which can result in thousands of dollars in savings.Before securing financing for your next fix-and-flip project, Best Ever Listeners you must download your free white paper at patchofland.com/joefairless to find out how Patch of Land’s fix and flip program can positively impact your investment strategy and save you money.

land data executives algorithms orange county patch great deals attom data solutions daren blomquist

CW 912 - Ron Paul on Liberty, Taxes, & Everything Else. The 'Construction Void' Housing Bubble Risk & Your 5-Year Plan

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Nov 20, 2017 38:23

Jason Hartman kicks off today's episode with a look at Daren Blomquist's latest Housing Report and breaks it down piece by piece. He examines the data about a long-time low in housing starts, a construction worker shortage, and an investors lament. Then, Jason introduces his guest, and Meet the Masters headline speaker, former Senator Dr. Ron Paul. The two examine what liberty really means, what governments role actually is, the damage our educational system is doing to our society, and what should be done with the federal income tax. Part 2 of Dr. Ron Paul's interview will be aired on Wednesday. Key Takeaways: Jason Monologue: [3:50] Daren Blomquist, with ATTOM Data, has released his lastest Housing Report that examines the topic of bubble markets [8:16] The construction void: lowest home starts since 1964 [13:16] The idea of a bubble warning [17:04] When Jason didn't buy mobile home parks, an investors lament [20:18] A huge labor shortage in the construction industry [22:05] Don't forget to make your 5 year plan Ron Paul Interview: [24:01] What is the meaning of liberty, according to Ron Paul? [28:50] How do you draw the line about what the government should be involved in? [32:20] Ron Paul's liberty amendment to end income tax [35:58] Progressive education has harmed our nation Websites: www.JasonHartman.com/Contest www.JasonHartman.com/Masters www.RonPaulLibertyReport.com

masters risk bubbles taxes progressive websites contest void everything else ron paul year plan housing bubble jason hartman daren blomquist attom data

IMN SFR Podcast Series - Q3 2017 Single Family Rental Rpt, Blomquist, Attom Data

Play Episode Listen Later Nov 9, 2017 33:51

Last month, ATTOM Data Solutions released its Q3 2017 Single Family Rental Market report. The report identified the top 25 U.S. zip codes for buying single family rental homes based on potential rental yields and cash flow, vacancy rates, home price appreciation, population growth, neighborhood quality, and average property age. Joining the podcast to discuss the report is Daren Blomquist. Daren is Senior Vice President of Communications at ATTOM Data Solutions (formerly RealtyTrac), where he directs ATTOM Media, a division of the company that publishes original real estate reports sourced from the ATTOM Data Warehouse, the nation’s most comprehensive property database. Daren is also executive editor of the Housing News Report, a monthly newsletter published by ATTOM Data Solutions and named best newsletter by the National Association of Real Estate Editors in 2015 and 2016.

real estate senior vice president national association mortgage podcast series npl single family rentals blomquist attom data solutions daren blomquist realtytrac attom data real estate editors

How To Leverage Big Data To Find Real Estate Deals With Daren Blomquist

vice president leverage analytics big data real estate deals attom data solutions daren blomquist

Play Episode Listen Later Aug 8, 2017 39:42

Analytics and data are everywhere now, so obviously us real estate investors want to try to use it to our advantage, right? In comes Attom Data Solutions, one of the nations leading providers of real estate data and intelligence on real estate trends, an awesome resource for real estate investors and entrepreneurs. We talk with Daren Blomquist, Vice President of ATTOM Data Solutions, about how to leverage all of this data to find incredible real estate deals.

CW 846 - New RE Metrics & Forecasts - The Pre-Buyer Index, ATTOM Data & RealtyTrac - Daren Blomquist

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Jun 21, 2017 43:08

Jason welcomes two guests to the show today. First, private lender Bill Green gets specific with available rates and financing offers available for buy and hold 30-year loans and shorter span bridge loans. He describes the differences between the options and shares and example of when each loan may be applicable for the purchase of your next property. And later in the show, Daren Blomquist returns to the podcast to give us a real estate market update and to provide some unique market data tools his company created. Supply is low and demand is high. If a property makes financial sense buy, buy, buy. Key Takeaways: [01:23] Private lenders help fill the gap between agency loans and hard-money lenders. [05:05] Bill Green explains the financing and rates available for long-term and bridge loans. Daren Blomquist Guest Interview: [17:21] Home price appreciation accelerated during the 1st quarter. [20:01] Linear markets may be morphing into hybrid markets during this period of high demand. [25:49] Technology makes geography less and less important. [27:41] Daren describes the Housing Affordability Index tool and the Pre-mover Index tool. [35:45] Income Property Investors should be wary of high appreciation markets. [37:52] Are the front lines of the real estate market backing out because they smell trouble? Mentioned in This Episode: Jason Hartman Venture Alliance Mastermind ATTOM Data Solutions ATTOM Home Affordability Index RealtyTrac Marketing List Resource from RealtyTrac

technology home private buyers supply index metrics key takeaways linear forecasts bill green daren blomquist realtytrac attom data

CI 72 - What President Trump Means for The Future of Real Estate Investing Daren Blomquist

The Commercial Investing Show

Play Episode Listen Later Apr 14, 2017 28:07

Jason Hartman talks with Daren Blomquist, Senior VP at ATTOM Data Solutions and the Executive Editor of ATTOM's award-winning Housing News Report. They examine how our new President, Donald Trump, could influence real estate investing, how the economy might react, and what regulatory environment we'll be investing in. Key Takeaways: [1:43] A Trump presidency's impact on real estate investors and our economy [5:55] Lack of wage growth has caused affordability issues [8:46] Housing bubbles tend to be created by lower interest rates [11:33] Housing prices continue escalating while home ownership has dropped to a 50 year low [15:43] What impact would repealing Dodd-Frank have? [19:11] ATTOM's Housing News Report article explains the phenomenon of big banks running away from the mortgage business [20:16] October 2016 saw a continued increase in foreclosure activity [24:29] The promised $1 trillion infrastructure investment will help real estate investors. [25:36] Get the Housing News Report free for a year by emailing marketing@attomdata.com and mention "Creating Wealth" Websites: http://www.realtytrac.com http://www.realtytrac.com/news/tag/marketing-list http://www.attomdata.com

president donald trump lack housing key takeaways real estate investing senior vp executive editor dodd frank jason hartman attom attom data solutions daren blomquist

AMA 164 - The Future of Real Estate Investing Under President Donald Trump with Daren Blomquist

American Monetary Association

Play Episode Listen Later Mar 17, 2017 27:51

Jason Hartman talks with Daren Blomquist, Senior VP at ATTOM Data Solutions and the Executive Editor of ATTOM's award-winning Housing News Report. The two look into the impact our new President, Donald Trump, could have on real estate investing, how he might change the economy, and what sort of regulations (or lack thereof) that might impact our investing future. Key Takeaways: [1:43] A Trump presidency's impact on real estate investors and our economy [5:55] Lack of wage growth has caused affordability issues [8:46] Housing bubbles tend to be created by lower interest rates [11:33] Housing prices continue escalating while home ownership has dropped to a 50 year low [15:43] What impact would repealing Dodd-Frank have? [19:11] ATTOM's Housing News Report article explains the phenomenon of big banks running away from the mortgage business [20:16] October 2016 saw a continued increase in foreclosure activity [24:29] The promised $1 trillion infrastructure investment will help real estate investors. [25:36] Get the Housing News Report free for a year by emailing marketing@attomdata.com and mention "Creating Wealth" Websites: http://www.realtytrac.com http://www.realtytrac.com/news/tag/marketing-list http://www.attomdata.com

president donald trump lack housing key takeaways real estate investing senior vp executive editor dodd frank jason hartman attom attom data solutions daren blomquist

2014 07 17 Daren Blomquist On Foreclosures

Brian Stark LIVE!

Play Episode Listen Later Feb 15, 2017 59:43

Daren Blomquist – Senior Vice President of Communications at RealtyTrac – joins Brian and Paul Stark for another exciting episode of The Stark Group LIVE. Daren has been instrumental in many facets of the company’s business as it has transformed into the industry leader it is today and is RealtyTrac’s primary media spokesperson and resident go-to expert on foreclosure statistics and other real estate trends. For tonight’s show, they kick off the show by talking about Daren’s expertise – foreclosures. Other topics discussed include distressed homes, motivated sellers and getting the best discounts in the best markets.

foreclosures daren blomquist realtytrac

2016 10 20 Daren Blomquist On Attom Data Solutions And The Housing Boom

Brian Stark LIVE!

Play Episode Listen Later Feb 14, 2017 55:08

Our guest for tonight’s episode of The Stark Group LIVE is Daren Blomquist. You may have recognized his name as Daren has been interviewed by major news networks numerous times now. He has been instrumental in many facets of the company’s business as it has transformed into the industry leader it is today and is RealtyTrac’s primary media spokesperson and resident go-to expert on foreclosure statistics and other real estate trends. Topics discussed in this episode include the rebranding of RealtyTrac as Attom Data Solutions, the housing boom, property values and the best down-and-out neighborhoods to buy a home.

housing boom attom data solutions daren blomquist realtytrac

AIPIS 169 - President Donald Trump & The Future for Real Estate Investors with Daren Blomquist

Accredited Income Property Investment Specialist (AIPIS)

Play Episode Listen Later Feb 3, 2017 28:09

Daren Blomquist, Senior VP at ATTOM Data Solutions and the Executive Editor of ATTOM's award-winning Housing News Report joins Jason Hartman to discuss the new President, Donald Trump, and what this presidency might end up meaning for real estate investors, the economy as a whole, and clearing up regulatory issues which hamper the current market. Key Takeaways: [1:43] A Trump presidency's impact on real estate investors and our economy [5:55] Affordability issues caused by the wage problem [8:46] How lower interest rates create housing bubbles [11:33] Home ownership is at a 50 year low while housing prices skyrocket to unsustainable highs. [15:43] What would happen if Trump repealed Dodd-Frank? [19:11] ATTOM's Housing News Report article tells us why big banks are fleeing the mortgage business. [20:16] An increase in foreclosure activity continued in October 2016 [24:29] How Trump's promise to invest in the United States infrastructure will help real estate investors. [25:36] Email marketing@attomdata.com and mention "Creating Wealth" to get the award winning Housing News Report free for one year Websites: http://www.realtytrac.com http://www.realtytrac.com/news/tag/marketing-list http://www.attomdata.com

united states president donald trump home websites key takeaways real estate investors senior vp executive editor affordability creating wealth dodd frank how trump jason hartman attom attom data solutions daren blomquist

SDI Talk Special Episode - Daren Blomquist Interview

Self Directed Investor Talk: Alternative Asset Investing through Self-Directed IRA's & Solo 401k's

Play Episode Listen Later Dec 29, 2016 12:44

In this special Expert Series edition of Self Directed Investor Talk, Daren Blomquist, Vice President of the respected data firm RealtyTrac gives his insights on the suitability of today’s market for house flipping, along with his predictions for what 2017 holds for America’s real estate markets. I’m Bryan Ellis, your host and I’d like to welcome you to a very special edition of Self Directed Investor Talk. Please send your questions and comments to us by email at feedback at sditalk.com or on Facebook or Twitter at SDITalk. With that… Bryan Ellis: Mr. Blomquist, how are you today, sir? Daren Blomquist: I'm doing very well. How are you? Bryan Ellis: Very well. Thanks for joining us. Look, I've always or have long been a fan of Realtytrac and what is now ATTOM Data Solutions, and particularly your quarterly home flipping report, because that's one of the businesses that we're in. I had a look at the Q3 2016 report, and it's interesting because it looks like overall, the information's positive, 45,000 flips last quarter with a pretty substantial gross ROI. Some of the other data, such as slowing volume of flips compared to both last quarter and compared to a year ago. At least a significantly the declining percentage of flipped funded with cash. Those things raise my eyebrows as someone who looks at this market. What do you make of those things? Daren Blomquist: Yeah, I think the decline in flips is ... Right now, I would consider that more of an aberration that's interrupting a long-term trend upward home flipping, and the market is very favorable to home flippers right now. Now it's becoming tougher because prices are getting so high and flippers are jumping into the market, it's becoming more competitive. Bryan Ellis: Right. Daren Blomquist: Still, you have low inventory that's very favorable to flippers. They're providing inventory that the new home builders are not. Bryan Ellis: Right. Daren Blomquist: Then you have rising home prices, which is a double-edged sword. It's tough, it makes it tougher for flippers to find discounts on the front end, but it makes it a lot easier for them to sell. It gives them a cushion to some on the back end. All that to say, I think actually we saw a decrease in overall sales in the third quarter, and I think it's partially a reaction to uncertainty around the election. Bryan Ellis: Sure. Daren Blomquist: I think we'll see that aberration pick back up in terms of the number of home flips. Now I think we'll see it shift, which we're already starting to see to the flippers are shifting to different markets where they can actually find, still find discounts on properties on the front end, or there's more availability of discounts. A lot of times in the form of foreclosures. Bryan Ellis: Right. Daren Blomquist: In terms of the cash piece of it, there's fewer. It's still 68% of flippers are using cash to buy, which compared to the last housing boom, we were seeing about 35% of flippers using cash to buy. Bryan Ellis: Wow. Daren Blomquist: Much more of them were using lending. We are seeing that number at an eight-year low, which means there is more availability of funding for flippers rather than having to use their own money in terms of crowdfunding. In terms of other alternative financing sources. That actually is one of the reasons I think we'll see flipping continue is that's going to enable more flippers to jump in. That may not always be a good thing, but it is going to push the market higher I think in 2017. Bryan Ellis: In your analysis or if you guys track this, who buys those flipper properties? Owner occupants or other investors? Daren Blomquist: I don't have the exact percentage on that, but the majority is owner occupants. When we look at that ... We look at who's buying basically as a proxy, who's buying the flip, not the flipper buying with cash, but if the person they're, or entity they're selling to, is buying with cash, and we do see a fairly substantial number selling to other cash buyers, which for us is a good proxy likely for investors. Bryan Ellis: Right. Daren Blomquist: The majority is owner occupants, but I think you look at markets like Memphis and Cleveland, and places like that where we're seeing quite a bit of home flipping, and a lot of- Bryan Ellis: There's a lot of investor to investor stuff there. Daren Blomquist: Those are going to other investors who then are taking those properties and turning them into rentals. They don't want to deal with the rehab portion of it. Bryan Ellis: Yeah. I have wondered if there are any homeowners left in Memphis at all. Daren Blomquist: Yeah, it's the top market for flipping and it's also one of the top markets when we look at single family rentals for purchasing those. Bryan Ellis: Right. You recently had an article called "Blue State Buyers Swing to Red State Rentals," which I thought was interesting. It was a discussion of the whole turnkey rental property phenomenon that's going on, which really reflects exactly what's going on with the clients of the Self Directed Investor Society, namely that California investors, and in our case, particularly those in the Bay Area, are finding it really interesting to buy real estate in the Southeast. What's your take on that? Why is that happening? Daren Blomquist: Yeah. I think that investors realize that real estate is one of the best places to still get a return in this low interest rate environment. The stock market is good, it has been good, but they want to diversify and they say real estate is a great way to do that. Bryan Ellis: Yeah. Daren Blomquist: Investing in their backyard is really a non-starter when you're ... You just can't cash flow property. Bryan Ellis: Right. Daren Blomquist: Flipping a ... These are the type of investors who probably don't want to get into flipping. They're professionals, they have a day job. They're going to those markets where you can't cash flow and there's still a lot of lower priced properties available that can be purchased and cash flow very well. I would just mention we're not just seeing it in the South. Southeast is a big center of it, but we actually broke it down for Orange ... I know you look a lot at the Bay Area, but we looked at Orange County, California, which is where we are, and where the top counties were, Orange County buyers are purchasing rental properties basically. Not surprisingly, the first few counties were right in the immediate vicinity, but in the Inland Empire where prices are cheaper. Then after that, you have of course Las Vegas, Phoenix are near the top. Then you have places like Memphis. Memphis was in the top 10. Bryan Ellis: Yeah. Daren Blomquist: Shelby County there. Of places that Orange County buyers are purchasing rental properties, you had Wayne County, Michigan [inaudible 00:06:14], which is not really Southeast. That's Detroit. Was one, was in the top 10 for places that Orange County buyers are purchasing rental property. That was- Bryan Ellis: That's interesting. Daren Blomquist: That was an eye opener and certainly we see ... Anecdotally, we hear a lot about that as well. Bryan Ellis: Yeah. Daren, in February or so this year, you had an article out that had some housing predictions, some forecast for 2016. I wanted to take a minute to hold your feet to the fire, so to speak. See how things actually worked out in practice. Let's look at the predictions here. Daren Blomquist: Great. Bryan Ellis: I'm not sure if these are your predictions or the predictions of the other experts that were cited in the article, but the key ideas here were, number one, the prediction for growing rental rights and moderate home price growth, which should force more people, or motivate more people to look to buy in 2016. The second- Daren Blomquist: We did. Yeah. I'll just stop you. Bryan Ellis: Yeah. Daren Blomquist: We did see that pretty much play out. The home price growth was stronger than I expected. It's about five percent for the year. Bryan Ellis: Okay. Daren Blomquist: It was actually a little bit stronger, but it is moderate and we were at double digit price growth. Now we've come down. Rental rates continue to be strong. Bryan Ellis: Right. That was a definite check mark. The second prediction was mortgage rates will rise, which should help boost the number of buyers out there. It looks like that one was a little less accurate I guess. Started to rise at the end of the year. Daren Blomquist: Right, yeah. Get that right if you count to the last couple months of the year, but it really didn't rise ... A year ago ... It feels like Groundhog Day. A year ago, the fed was raising rates in December and predicting that they would raise rates throughout 2016 and it didn't happen. Now they're doing the same thing again. We'll see if that happens in 2017. I do. Really we're off the mark there, but I think more ... The fed has limited control really over mortgage rates. Bryan Ellis: Yeah. Daren Blomquist: I think what we saw following the election is more going to be a driver of rising interest rates than the fed necessarily, but I do expect to see that going into 2017. Bryan Ellis: Yeah, I think we're all surprised that rates didn't go higher than they did. Then that third prediction was inventory's expected to remain a problem in 2016. That certainly looks to continue to be true. Daren Blomquist: Yeah. It's a major theme, and I think most people view it as a challenge in this housing market, but it's really ... It's a good problem to have because it's keeping ... It's a safety net for this market, even if we are seeing some bubbles forming, overheated markets. Those markets typically do not have an oversupply of inventory, which means even if you see demand fall, there's a safety net of low inventory. Bryan Ellis: Yeah. Daren Blomquist: To keep those markets chugging along. Bryan Ellis: Yeah, exactly. Now this leads me to the predictable final question. You did pretty well in predicting 2016. You definitely got two right and the one was flat. What does 2017 look like for you? What do you expect to happen? Daren Blomquist: I'll go out on a limb and do, as I mentioned, we will see interest rates rise, and I think we're seeing that already at the end of this year. Bryan Ellis: Yeah. Daren Blomquist: I think we'll see more substantive rising of rates in 2017 that will, and then that in turn is an important factor that will start to slow down some of these overheated markets in terms of home sales and home prices particularly. Again, we're at about five percent appreciation this year. I think we'll see it go down to two to three percent appreciation. This is a nationwide number of course. Bryan Ellis: Yeah, sure. Daren Blomquist: There's a lot of variance from market to market, but I think in general, we'll see cooling appreciation. We will see I think a surge in home sales early in the year. We already saw it a little bit in November as people try to beat out the higher interest rates. That's going to be an overriding factor. Bryan Ellis: Sure. Daren Blomquist: Another prediction that's a little more localized in nature is I think ... I'm very bullish on the Rust Belt. Bryan Ellis: Are you? Daren Blomquist: They were a big part of the election, and in determining the election, and there's been a lot of talk by now president-elect Trump to invest in infrastructure, and there seems to be a lot of bipartisan support for that. The cities that need the most infrastructure improvement tend to be in the Ruse Belt. Bryan Ellis: Yeah. They're going to feel the love. Daren Blomquist: Places like Flint, Michigan, that have aging water systems and what not. We see that investment happening, that's going to really help housing in those markets and improve the overall value of the housing market. Bryan Ellis: Awesome. Daren, thank you so much for your time. I am very grateful to you, and hopefully we'll get to have you back on and maybe dig a little bit deeper into the single family rental market, because I know that's an area of expertise for you and ATTOM Data Solutions. Thank you so much for being here. Daren Blomquist: Yes. I'm glad to be here and happy to come back at some point in the future. Bryan Ellis: Awesome. Thank you, sir. See acast.com/privacy for privacy and opt-out information.

CW 752 - Daren Blomquist - Trump & Real Estate Investors, RealtyTrac ATTOM Data, Housing News Report

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Nov 15, 2016 28:26

Daren Blomquist is a Senior VP at ATTOM Data Solutions and the Executive Editor of ATTOM's award-winning Housing News Report. This is Daren's second visit to the Creating Wealth podcast. He joins Jason to discuss the new President-Elect, Donald Trump, what Trump's future presidency will mean for real estate investors, the economy and the regulatory issue's which bogg the current market. Key Takeaways: [1:43] What does a Trump presidency mean for real estate investors and the US economy? [5:55] The wage problem is causing affordability issues. [8:46] In the real estate market lower interest rates create a bubble. . [11:33] The rising house prices are unsustainable and home ownership rates are at 50-year lows. [15:43] Wouldn't it be nice if Trump repealed Dodd-Frank? [19:11] ATTOM's Housing News Report article reveals big banks are leaving the mortgage business. [20:16] October 2016 shows a month-over-month increase in foreclosure activity. [24:29] Trump's promise to invest in the infrastructure in rust belt cities will benefit real estate investors. [25:36] Creating Wealth listeners get the award winning Housing News Report free for one year if they email marketing@attomdata.com Mentioned in This Episode: Jason Hartman Realty Trac Marketing List at Realty Trac ATTOM Data

donald trump elect key takeaways real estate investors senior vp executive editor creating wealth dodd frank news report attom attom data solutions daren blomquist housing news realtytrac attom data

EP84 Daren Blomquist: Which Florida Markets are Hot? Which are not?

Invest Florida - A Real Estate Podcast

Play Episode Listen Later Jun 6, 2016 32:09

SVP of Realty Trac, Daren Blomquist talks the Florida real estate market, from Jacksonville and Tampa to Miami, Orlando and Southwest Florida.

miami tampa markets jacksonville svp southwest florida daren blomquist

CFD 277 - Data Ninja Daren Blomquist Tells Us Why Being a “Data Nerd” is a Good Thing

Cashflow Diary™

Play Episode Listen Later May 26, 2016 50:13

Senior Vice President of Communications at RealtyTrac, Daren Blomquist tells stories about the housing market in a unique way. He does it with data! That means the story is very, very accurate. Maybe that’s why RealtyTrac is so widely used by professionals in the real estate industry and investors alike. Before Daren was the “Data Geek” he is today, he was a newspaper reporter in Illinois. A big part of his job was researching, using data to help him write stories and learning how to paint the big picture for readers. Eventually he moved to California where he joined a little startup company in the customer service department. Daren says that was a really good thing, because he got to talk to a lot of customers. It gave him the inside “Trac” on what they wanted. That information comes in handy to Daren in his current position. Today, Daren is one of the company’s longest-term employees and has been with RealtyTrac since 2001. A noted real estate expert – on home sales trends, tax and deed loan information, property values; investor and cash sales share of the market, foreclosure activity and rates as well as extensive neighborhood and environmental data and overall housing market trends. Daren is directly responsible for the creation of the company’s comprehensive real estate reports, which are cited by thousands of media outlets nationwide — including all the major news networks and leading publications such as The Wall Street Journal, The New York Times and USA TODAY. He has been quoted in hundreds of national and local publications and has appeared on many national network broadcasts, including CBS, ABC, CNN, CNBC, FOX Business and Bloomberg. One of the things Daren says RealtyTrac wants to stay true to is being transparent. He says it’s not about “spin” but the full picture of what’s going on in the real estate market. At its core, RealtyTrac is a data provider, and while its strong suit is foreclosure data the company continues to evolve. Now there is total transparency in the data they provide so that investors can use the site to determine is a property is a go or no-go deal. At www.RealtyTrac.com you can access their entire and incredibly impressive database of properties using a massive number of filters to find only the types of properties you like. (That’s called knowing your Investor Identity!) While the data reflects US properties only, there are plenty of international investors who use the system to figure out good investments. This includes commercial properties. So everything you are interested in, from single-family houses to multifamily properties to commercial properties, you can find them on RealtyTrac. Daren is also a trend spotter. According to his data, he’s seeing a few trends in the market today. The most noticeable is that the market is trending back from a distressed market and adjusting to the middle of the road. While that’s good for now… there’s big change coming, because the market trends are cyclic. Already there are indicators that certain bubbles are going to burst soon, because in some areas there are extreme pricing peaks. San Francisco is one of those markets. Learn more. LISTEN NOW.

california san francisco new york times illinois abc cnn cbs wall street journal nerds ninjas usa today senior vice president bloomberg cnbc good thing fox business trac daren blomquist realtytrac data nerd

ZOMBIE FORECLOSURES head to extinction | Episode 66

Play Episode Listen Later May 24, 2016 7:35

I’ve got an important announcement: the ZOMBIE APOCOLYPSE may be over. At least, the foreclosure zombie apocalypse, that is. And unfortunately, it’s not necessarily good news for real estate investors. I’m Carole Ellis. I’ve got all the details on the official end of the foreclosure zombie apocalypse today, in episode 66. -- So what sounds like the best post-housing-crash news EVER that could end up being bad news for your real estate business: this formal announcement from RealtyTrac. According to the real estate data giant, vacant “zombie” foreclosures – properties that have no real owner and have been allowed to stagnate vacant on the market by lenders that started the foreclosure process but never completed it – are fading fast. In fact, the number of properties in “zombie foreclosure” has fallen by 30.1 percent over this time last year, making fewer than one in every 20 foreclosed houses an actual zombie. Why is this potentially bad news for real estate investors, and how should you start adjusting your “game” to deal with the end of this dystopian phenomenon? I’ll get to that in just a minute, but first, I want to tell you about something else that is NEW and a whole lot brighter – literally – than zombie foreclosures: a fully solar-powered community that is presently under construction in the sunny state of Florida. The development, called Babcock Ranch, will eventually be home to about 19,500 homes that are fully powered by the sun and that do NOT have solar panels. It’s a huge labor of environmentally-friendly love mixed with a healthy eye to profit, and you are going to love learning more about this self-described “town of the future.” I’ve got all the details in the News and Networking section at www.rei.today, so head on over there and check it out. Now, back to the darker, post-apocalyptic side of real estate…Okay, maybe it’s actually not quite that bad. Here’s the deal: According to RealtyTrac, fewer than one in every 20 foreclosed homes in the national housing market today is actually a ZOMBIE FORECLOSURE, and that’s a big improvement for markets all over the country that suffered some serious blight as lenders, realizing that they had a vested interest in NOT being fully responsible for the thousands and thousands of homes that they’d foreclosed on in hard-hit areas of the country during the housing crash (think Detroit, for example), opted to abandon foreclosure proceedings on those homes and just let them sit. Since in most cases the homeowners had already left, those properties basically fell apart (and sometimes right back into the ground; I visited Detroit and Flint, Michigan, in 2012 and huge portions of those cities at that time were nothing but ghost towns) and they took neighboring property values right along with them. Now that the national housing market is in recovery mode and just about everywhere is better off than it was in the wake of the housing and financial crises, lenders are starting to go ahead and finish up the foreclosure process on those zombie properties, either cleaning them up or knocking them down and creating space for new development. Now, many real estate investors say that they feel like the end of zombie foreclosures means that they missed the boat. After all, how easy would it have been to negotiate with a bank to take a property off its hands that it clearly didn’t care about enough to finish taking ownership? Well, the reality is, it wasn’t actually that great! So don’t you DARE use this as an excuse, ladies and gentlemen! Here’s the thing: those banks couldn’t be BOTHERED with those properties. They didn’t WANT to deal with them. Now that they’re actually willing to foreclosure and throw them up on the market, they’re actually making markets more affordable and accessible in a lot of cases both to first-time homebuyers and investors. In fact, senior VP at RealtyTrac, Daren Blomquist, pointed out just last week that the death of the zombie foreclosure market in areas like Miami and New York is actually making those markets more accessible by relieving the quote PRESSURE COOKER of escalating prices and deteriorating affordability (end quote) in those areas and others. So if you have been feeling sad that you didn’t get in on the zombie foreclosure apocalypse in time, good news: NOW is really the time to start leveraging your investing experience and education in order to truly get involved in real estate .Here are three easy things that you can do to get your investing started NOW in today’s hot, now zombie-less markets: Examine your target market for TIMELINESS This means take a look at days on market, sales price, and how those homes that are selling are looking. This means: are they all HGTV dressed up to sell at top dollar or is there an active investor community? What do you need to plan to do in order to participate in this area? Take a look at off-market options. There are SO MANY WAYS to get great homes at deep discounts via off-market purchases and working directly with motivated sellers. And no matter what ANYONE tells you, there are always off-market homes available. If you don’t believe me, check out an old, old episode (number 2!) in the REI Today Vault and see how one of my early guests gets major action in the hot, hot market of Miami using off-market strategies. Finally, take some action. And I know you’ve heard that a thousand times, but seriously, people, it’s the only way to make money in real estate! Go to the vault (rei.today/vault) and look at episode #2 and also take a look at today’s episode’s list of markets that still have plenty of zombies to go around while you’re there. If you’re not yet a member, text REITODAY no spaces no periods to 33444 and I’ll get you in there right away. Either go to www.rei.today/vault or text REITODAY no spaces no periods to 33444 and I’ll immediately send you the information you need to get that access and ALSO provide you with fast, immediate access to all sorts of great trainings, news coverage, interviews, and lot more timely information that will help make your investing safer, faster, and more profitable. And remember, when you do that, you’ll also be able to GROW YOUR NETWORK by interacting with me and your fellow listeners to REI Today… so stop by to ask questions, make comments and network with other investors across the country. Text REITODAY no spaces no periods to 33444 or head over to www.rei.today/vault right now. REI Nation, thanks for listening in and always remember this: Your best investment is your own education. See acast.com/privacy for privacy and opt-out information.

AIPIS 114 – Daren Blomquist of RealtyTrac Analyzes Geographical Housing Data

Accredited Income Property Investment Specialist (AIPIS)

Play Episode Listen Later Jan 26, 2016 36:39

Crunching the numbers sounds easy enough, but which numbers do you use? National data doesn't always reflect individual markets and using geographical data isn't always a telling sign due to widespread changes in Fannie and Freddie's level of risk. Jason and Daren take a deep dive into analyzing market data and how tagging markets as linear, cyclical and hybrid allow investors to understand good properties based on cash flow and ROI. Key Takeaways: [2:20] National data doesn't always reflect geographic niches [3:59] RealtyTrac is, at its core, a data company [6:43] Licensing and re-selling the data to other companies [8:16] Home sales are at an 8 year high when analyzing 190 markets [10:38] The homeownership rate helps our clients to analyze markets [12:30] Analyzing the tax assessor information for rental properties [14:50] Everything is relative [18:44] Thinking of real estate markets as linear (boring), cyclical and hybrid [24:15] A combination of jobs and universities help real estate markets [28:41] Extend and pretend, or delay and pray markets [31:24] Market influences are tipping towards introducing additional risk Mentions: Hartman Media RealtyTrac CoreLogic Black Night

thinking home data market national roi housing analyzing key takeaways extend licensing analyzes geographical crunching daren blomquist realtytrac

Blomquist Discusses RealtyTrac's Annual Foreclosure Report For 2015

Real Estate Investing Profits Master Series with Cory Boatright

Play Episode Listen Later Jan 14, 2016 32:53

RealtyTrac’s, annual foreclosure report for 2015 is out. RealtyTrac’s year-end foreclosure report is a unique count of properties with a foreclosure filings during the year based on publicly recorded and published foreclosure filings collected in more than 2,500 counties nationwide. The report highlights some trends that may illuminate the activity to expect in 2016. Some interesting highlights are Foreclosures starts are downRepossessions are upTimelines downThe report highlights states with the highest and lowest foreclosure starts and metro areas with the greatest risk. Foreclosure rates impact several sectors of the housing and mortgage market and understanding the data to plan strategically is critical to navigate 2016. Joining the broadcast to discuss the annual 2015 foreclosure report is RealtyTrac’s Daren Blomquist. Daren is RealtyTrac’s primary media spokesperson and resident go-to expert on housing and foreclosure statistics and trends. Daren is also managing editor of RealtyTrac’s Foreclosure News Report, which was named the “Nation’s Best Newsletter” by the National Association of Real Estate Editors, and is directly responsible for the creation of the company’s U.S. foreclosure market and sales reports. The report is cited by thousands of media outlets nationwide — including all the major news networks and leading publications such as The Wall Street Journal, The New York Times and USA TODAY.

new york times finance real estate wall street journal usa today national association mortgage default foreclosure foreclosures blomquist daren blomquist realtytrac real estate editors

Episode 15: Daren Blomquist VP of RealtyTrac

Play Episode Listen Later Nov 12, 2015 45:53

Today we’re joined by Daren Blomquist, data expert and Vice President of RealtyTrac. He graduated from Trinity International University with a degree in English Communications, in the hopes of becoming a newspaper journalist. However, in 2001, he started with RealtyTrac thinking it would be a small, internal publication. But to his surprise, he ended up sticking with it ever since. He’s directly responsible for the creation of the company’s U.S. foreclosure market and sales reports, and they’re sided by hundreds of media outlets nationwide, like: CBS, ABC, CNN, Fox Business, and USA Today. He’s been quoted in hundreds of national publications like: The New York Times, Bloomberg, Forbes and The Wall Street Journal. They also work closely with numerous government agencies at the national state and local level, and he’s a highly sought after speaker at industry events. “Whenever I let go of control, I get more of it. It’s almost like holding on to a cactus: the tighter you hold on, the more it hurts you.” Today is really all about data analysis, how and why RealtyTrac came to be, and some ups and downs Daren faced while the company was growing. We talk about the importance of handing off tasks as today’s Profit Master’s Investment Strategy, and the positive results that come from passing off responsibility and control. Daren tells us this is his best piece of advice to running a successful real estate data team. We discuss a great strategy that we have observed in successful investors, which entails buying the foreclosure rights on houses before they can be repossessed, and are able to do this by using the information provided by RealtyTrac. “People give up on something quicker than they should instead of giving it time to succeed.” Lastly, we get a best-kept secret about the RealtyTrac website, and how you can use it to dominate the foreclosure market. You’re basically creating lists of people you want to market to, so this is just as useful for marketing as it is for investing and real estate. So go ahead, create a free account, and check out the millions of records we have on file, today! Daren loves hearing from his audience. So, if you’re an investor, e-mail Daren at daren@realtytrac.com, and tell him your stories and what you’ve been seeing in your market. “Even when I don’t feel like I’m making as much of a difference as I’d like to, just continuing to believe in it and continuing to do what I know—is what I should be doing. Links and resources: RealtyTrac Mega RealtyTrac Dan’s twitter Hootsuite Sunrise Wall Street Journal Freakonomics by Steven D. Levitt David and Goliath by Malcolm Gladwell Ask Cory A Question Want to get in touch with Cory and ask him your most burning Real Estate Investing question? We’ve made it super easy for you. Just head over to our Ask Cory A Question page and start recording. Cory will play your question live on an upcoming show and answer it personally. Who Do You Want To Hear From? Name some folks I should get on the show! Hit me up: support@realestateinvestingprofits.com and I’ll do my best to get them on. Did You Get Your FREE Investing Guide? TEXT the word PROFIT (38470) to immediately sent Your FREE Investing Quick Start Guide! JOIN The Elite Real Estate Investor’s Board of Directors http://JoinMyMastermind.com Connect Here Please check out our website, realestateinvestingprofits.com for the “Down and Dirty” Ultimate Real Estate Investing Quick Start Guide download. Join us on the Real Estate Investing Profits Facebook site too!

CW 574 - Daren Blomquist of RealtyTrac Analyzes Geographical Housing Data

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Sep 29, 2015 55:40

Crunching the numbers sounds easy enough but which numbers do you use? National data doesn't always reflect individual markets and using geographical data isn't always a telling sign due to widespread changes in Fannie and Freddie's level of risk. Jason and Daren take a deep dive into analyzing market data and how tagging markets as linear, cyclical and hybrid allow investors to understand good properties based on cash flow and ROI. The Venture Alliance trip to Newport, Rhode Island was a great success. The speakers who are specialists in their fields were truly informative. The very first Venture Alliance member shares his favorite part of the Mastermind, the hot seat. Key Takeaways: Jason's Editorial: [1:26] Upcoming episodes on financing [2:07] Our first Venture Alliance member is on the podcast [5:01] Houses starting at $400,000 on Martha's Vineyard [9:06] Rehashing the Rhode Island trip [10:21] Hard money, short and long term lending, how it affects your debt to income ratio [14:18] The hot seat is the best part of the Mastermind [16:10] Recreational time is still business time during the Venture Alliance trips [17:44] A discussion is more intimate than a presentation [18:26] The inflation/deflation debate Daren Blomquist Guest Interview: [20:44] National data doesn't always reflect geographic niches [22:24] RealtyTrac is, at its core a data company [25:07] We have the ability to license, or re-sell the data to other companies [26:40] Home sales are at an 8 year high when analyzing 190 markets [29:00] The homeownership rate helps our clients to analyze markets [30:54] We analyze the tax assessor information for rental properties [33:37] Everything's relative [37:32] Thinking of real estate markets as linear (boring), cyclical and hybrid [42:40] A combination of jobs and universities help real estate markets [44:43] Extend and pretend or delay and pray markets [49:44] Market influences are tipping towards introducing additional risk Mentions: JasonHartman.com Venture Alliance Mastermind RealtyTrac CoreLogic Black Night

Daren Blomquist LIVE INTERVIEW In Cleveland

Brian Stark LIVE!

Play Episode Listen Later Apr 29, 2015 18:51

In this show, Brian and Paul are joined by Daren Blomquist of RealtyTrac during a conference in Cleveland on zombie foreclosures. Some of the topics covered are how an individual can use RealtyTrac to find foreclosure deals, how the company gathers data, how fresh or updated their data is as well as what other tools RealtyTrac has that can help real estate investors and professionals.

cleveland daren blomquist realtytrac

Daren Blomquist from RealtyTrac

Real Estate Coaching Radio

Play Episode Listen Later Sep 26, 2014 43:08

We're joined today by Daren Blomquist, Vice-President of RealtyTrac, who's been with the organization since 2001 and played an instrumental role in helping transform RealtyTrac into a premiere real estate information provider and online marketplace for default and foreclosed properties. Blomquist is also responsible for the creation of the company’s U.S. foreclosure market and sales reports, which are cited by thousands of media outlets nationwide, and he interfaces with numerous government agencies at the national, state and local level. He joins us today to discuss RealtyTrac’s success and to unveil the new "Mega" Web-Application – a fast and easy way to search the entire U.S. for possible Motivated Property Owners that meet a specific criteria you want. Schedule A Free Coaching CallVisit Tim & Julie Harris OnlineListen on iTunesListen on Stitcher

vice president stitcher blomquist daren blomquist realtytrac

Housing Affordability - Blomquist, ReatlyTrac