Podcasts about market economics

Listen on: Apple Podcasts | Spotify | YouTube | Pocket CastsIn This Episode:* What is a Solid State Transformer * How Solid State Transformers are Reshaping the Energy Industry* How They Built a $1bn PipelineSponsors:Goodwin: The Law Firm of Choice for ClimateTech EntrepreneursErthTech Talent: Affordable CleanTech Search FirmWhat's up, everyone!Today, we have a great episode with Haroon Inam & Michael Wood III from DG Matrix. We're talking about a simple technology that can fundamentally reshape the energy industry by transforming electricity more efficiently and with way less physical space than what's been done traditionally.Take an EV charger, for example. You need to get the exact electricity flow right. Usually, that would take a few parking spaces' worth of transformers. With DG Matrix, you can do it with a simple power stand smaller than your refrigerator.This is still the case even if you've got solar, batteries, or other distributed resources all mixed in together. They can handle all the streams of electricity in and out.It's clear the industry is loving this too. They have over $1bn of pipeline to date.We got Haroon and Michael, so it's a great episode._____Want to access all our content? Upgrade to paid today. Act fast! Annual subscriptions increase to $100 on May 1st (currently $80)._____TopicsFree Version:**03:21 The Journey to DG Matrix**05:51 Understanding Solid State Transformers**09:11 Market Position and Economic Impact**10:00 Goodwin AD**12:06 Solid State Transformer Advantages**13:26 Company AD**17:14 Building a Strong Advisory Network**18:51 Call to Action**21:10 Overcoming Challenges in Clean Tech**24:54 The Future of DG Matrix and Market Fit**26:29 Building from the Ground Up**27:51 Transforming Energy Markets**30:55 Streamlining Manufacturing and Supply ChainLinks* Haroon Inam, Michael Wood III | DG Matrix* Connect with Somil on LinkedIn | Connect with Silas on LinkedIn* Follow CleanTechies on LinkedInThis podcast is NOT investment advice. Do your homework and due diligence before investing in anything discussed on this podcast.Support the showEvery ClimateTech Entrepreneur needs a reliable partner for their legal needs. Why settle for less than the best?

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It was a Budget light on reform, perhaps unsurprising since the government hadn't wanted to deliver one at all. But when Tropical Cyclone Alfred scuppered plans to call an election, it confirmed that Treasurer Jim Chalmers would be delivering a rare fourth budget in the three year term.Fear & Greed's resident economist Stephen Koukoulas, Managing Director of Market Economics and a former economic adviser to a Prime Minister, joins Sean Aylmer to analyse the Budget, including what it tells us about the outlook for the economy.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

Exploring Market Economics – with Matthew GeigerMichael sits down with Matthew Geiger, a scholar and researcher at the Carl Menger Institute for Market Economics. Currently pursuing his Ph.D. in Economics at Rey Juan Carlos University under the guidance of Professor Philipp Bagus, Geiger shares his insights on Austrian economics, free markets, and the challenges facing economic policy today.Michael Leibowitz, host of The Rational Egoist podcast, is a philosopher and political activist who draws inspiration from Ayn Rand's philosophy, advocating for reason, rational self-interest, and individualism. His journey from a 25-year prison sentence to a prominent voice in the libertarian and Objectivist communities highlights the transformative impact of embracing these principles. Leibowitz actively participates in political debates and produces content aimed at promoting individual rights and freedoms. He is the co-author of “Down the Rabbit Hole: How the Culture of Correction Encourages Crime” and “View from a Cage: From Convict to Crusader for Liberty,” which explore societal issues and his personal evolution through Rand's teachings.Explore his work and journey further through his books:“Down the Rabbit Hole”: https://www.amazon.com.au/Down-Rabbit-Hole-Corrections-Encourages/dp/197448064X“View from a Cage”: https://books2read.com/u/4jN6xj join our Ayn Rand Adelaide Meetups here for some seriously social discussions on Freedom https://www.meetup.com/adelaide-ayn-rand-meetup/

Australia’s GDP is on the mend, but will tariffs and a hit to China make any difference to living standards for Australians?See omnystudio.com/listener for privacy information.

Stephen Koukoulas, Managing Director of Market Economics, joined Philip Clark on Nightlife to talk about all things finance and the latest with economic news.   

Australia's GDP has dropped to its worst point outside of the pandemic since the early 1990s, but will this number force the RBA to change its position?See omnystudio.com/listener for privacy information.

Tune in here to this Thursday edition of the Brett Winterble Show!   Brett kicks off the program by talking about former Representative Matt Gaetz deciding to withdraw from considerations for attorney general. His confirmation quickly became a hotly politicized discussion topic and became a distraction from the bigger picture. Brett also discusses President Biden continuing to push Russia despite the potential consequences of such actions. The alleged party of peace, that indicted President-elect Trump as the nuclear boogeyman, are now the party pushing the world ever closer to World War III. We're joined by Ahmad Halawi from the Charlotte Auto Show to talk about the partners that make the Charlotte Auto Show possible and all the different things they have going on for all ages.  Beth Troutman from Good Morning BT is also here for this Thursday's episode of Crossing the Streams. Brett and Beth talk about former Rep. Matt Gaetz withdrawing from consideration for attorney general and Beth shares her theory on why. Beth also shares what she and Bo have coming up tomorrow on Good Morning BT!  Listen here for all of this and more on The Brett Winterble Show!  For more from Brett Winterble check out his YouTube channel.See omnystudio.com/listener for privacy information.

This week on the Power House podcast, Diego sits down with Daren Blomquist, VP of Market Economics at Auction.com. Daren is a friendly face to many of you, and was last on the show in early 2023 to discuss his 2023 forecast. He's joining us again to talk about what he expects to see in the market post-election and into 2025. He and Diego talk about a potential market uptick as rates stabilize, how the mortgage rate lock-in effect is still impacting low inventory across the nation, and Auction.com's plan to expand into non-foreclosure property sales. Here's what you'll learn: We'll see a ‘Trump bump' in housing data. The certainty of the election results will encourage market activity. The current bidding activity indicates a sluggish spring market. The lock-in effect is keeping inventory low across the country. Auction.com is seeing interest from sellers outside of traditional foreclosure. Many sellers are turning to auctions as a viable selling option. Related to this episode: Foreclosures expected to grow slowly to end 2024: Auction.com | HousingWire Daren Blomquist LinkedIn Auction.com HousingWire | YouTube Enjoy the episode! The Power House podcast is a show about leadership, markets and entrepreneurship in the housing industry. Each Thursday, Diego Sanchez speaks with CEOs, founders, and executives from the mortgage and real estate sector to reveal how housing executives think about business growth, operational strategy, and leadership. The Power House podcast reveals the full picture through the stories of the industry's most impactful leaders.  Diego Sanchez is the president of HousingWire, and the Power House podcast is produced by HousingWire's Content Studio. Initially launched in 2019 as the Housing News podcast, the show was relaunched as Power House in 2024. Learn more about your ad choices. Visit megaphone.fm/adchoices

The IMF has serious concerns over Australia's economy & inflation, making 2025 forecasts that place us outside the RBA's target range.See omnystudio.com/listener for privacy information.

In this episode, Raghavan Srinivasan, journalist and former editor for The Hindu Business Line, talks about the story of Coca-Cola's entry into the Indian market. He highlights how global brands like Coca-Cola and Pepsi, after initially trying to dominate the Indian market, had to adapt to local preferences, even reintroducing beloved brands like Thums Up and Limca. The conversation underscores how consumer-driven markets often teach lessons that regulations cannot, with companies—both foreign and local—innovating to meet the unique demands of Indian consumers, illustrating the importance of localisation for success in India's dynamic market. For more of our coverage check out ⁠thecore.in⁠ ⁠Subscribe to our Newsletter⁠ Follow us on:⁠Twitter⁠ | ⁠Instagram⁠ | ⁠Facebook⁠ | ⁠Linkedin⁠ | ⁠Youtube

Headline inflation came back into the target band last month for the first time in almost three years. But underlying inflation is still proving to be sticky.Economist Stephen Koukoulas, Managing Director of Market Economics, talks to Adam Lang about what it all means for interest rates, in the wake of this week's Reserve Bank board meeting.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

Stephen Koukoulas, the Managing Director of Market Economics, joined Philip Clark to discuss all things finance. 

The Reserve Bank has hit out over the certainty of predictions and level of economic commentary, but is it right?See omnystudio.com/listener for privacy information.

Matthew Pantelis speaks with Stephen Koukoulas, Managing Director, Market Economics on the inflation figures and what it means for interest rates. Listen live on the FIVEAA Player. Follow us on Facebook, Twitter and Instagram.  See omnystudio.com/listener for privacy information.

Stephen Koukoulas, Managing Director of Market Economics joined Philip Clark on Nightlife to talk about all things finance. 

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.

The national accounts are groaning in pain, with GDP growing by just 0.1% in the March quarter.See omnystudio.com/listener for privacy information.

We've got the preliminary numbers out for GDP for UAE economy, we crunch the numbers with Ed Bell, Senior Director, Market Economics, Emirates NBD. Plus, analyst Josh Gilbert from eToro on those Nvidia earnings beating expections. Wio bank has achieved profitability in its first year of operations, we speak to CEO Jayesh Patel. And ss World Economic Forum founder Klaus Schwab (semi) retires, former Davos boss Fred Sicre joins live in studio.See omnystudio.com/listener for privacy information.

Australia's unemployment rate has climbed to 3.8%, easing steadily and slowly as the economy weakens.See omnystudio.com/listener for privacy information.

Brett Suma, Founder & CEO, Loadsmith joined Grayson Brulte on The Road to Autonomy podcast to discuss the unit economics of autonomous trucking and the Loadsmith self-balancing freight network. The conversation begins with Brett discussing the unit economics of traditional trucking.Trucking and the most successful trucking companies look at unit economics. However they are measuring their business, they are going to do it in a very unit way. Whether you are looking at revenue per truck per day, revenue per truck per week, revenue per truck per hour, depending on your business and how your business is operating, revenue per mile obviously. When you start looking at things like fuel surcharge per mile, your deadhead miles, your out of route miles, all of the things that build into those unit economics, that is the basis of trucking. So you have to look at things at a unit economic perspective. – Brett Suma, Founder & CEO, LoadsmithWhen autonomous trucks are introduced into the fleet the economics are going to change. Well, the whole thing is going to change. The entire economics of trucking are going to change and not in every lane on day one, and not even in every lane forever. But the economics of, let's just call it your 20 most dense lanes in the United States are going to probably change very drastically, very quickly.Then it will continue to expand to the top 100 lanes from a density perspective, and it may settle in somewhere 150 to 250 total lanes that can support autonomous from an economics perspective. – Brett Suma, Founder & CEO, LoadsmithAutonomous trucks are first going to be deployed on over-the-road long haul routes, while the last-mile routes will still be driven by professional drivers. This dichotomy is going to lead to job creation and higher wages because of the demand for for first and last mile drivers. To capitalize on the hybrid network that is going to emerge from the mass deployment of autonomous trucks, Brett founded Loadsmith.Along with the emergence of autonomous trucks, zero-emission trucks are also beginning to come online. However, the unit economics of zero emission trucks do not calculate today due to their higher upfront costs which is 50% more on average than traditional diesel trucks. I'm very, very pro zero emission. I'm very, very pro autonomous. I do not think because of the cost of the truck that you're going to be able to have zero emission in the middle mile at scale without it being autonomous. – Brett Suma, Founder & CEO, LoadsmithThis is partly because of the infrastructure and the economics to operate the service with a professional driver. Where zero emission trucks could thrive is in the first and last mile. While autonomous trucks will thrive in the middle-mile. To scale up their autonomous freight network, Loadsmith partnered with Kodiak. Wrapping up the conversation, Brett shares his opinion on the future of the freight industry.Episode Chapters0:23 Economics of Trucking3:24 Impact of Insurance Costs on Trucking Economics15:36 Economics of Autonomous Trucks24:56 Building a Hybrid Freight Network31:55 Founding of the Loadsmith Freight Network36:04 Unit Economics of Zero Emissions Trucks39:41 Economic Advantages of the Loadsmith Freight Network 42:20 Freight Balancing 48:24 Partnership with Kodiak51:24 Future of Freight IndustryRecorded on Thursday, February 29, 2024--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor's Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

05 Mar 2024. As China's National People's Congress in Beijing gets underway, we get analysis from Ed Bell, Senior Director, Market Economics, Emirates NBDon their 5% growth target and how that will impact the UAE. We'll also look at the Parkin shares which go on sale today. Plus, it's PMI day today - the latest PMI data for the UAE is out: the economist who wrote the report, Ralf Wiegert, gives us his analysis. And, we'll be going through Saudi's latest PMI data with economist Dr Christopher Payne - and looking at how the private sector in the Kingdom is faring. Finally, the CEO of Salik has said they aim to “expand our footprint” and “widen revenue generating opportunities” - we'll go through the Salik numbers with market watcher Sameer Lakhani.See omnystudio.com/listener for privacy information.

Inflation has remained steady at 3.4% across the 12 months to January, beating expectations & putting more pressure on the RBA to start thinking about rate cuts.See omnystudio.com/listener for privacy information.

It's time to listen to the other side: Some economists believe house prices are heading south in 2024 as interest rate hikes finally hit home and unemployment rises at the same time.In this show we cover: What's behind a forecast drop of 5 per cent in the market? The tremors signaled by new statistics on 'distressed sales' * Is the tradie shortage still a thing?  Why your house is taking longer to build Economist Stephen Koukoulas of Market Economics joins Wealth Editor James Kirby in this episode See omnystudio.com/listener for privacy information.

11 Jan 2024. We get the latest from President Sheikh Mohammed's visit to India with Shalini Mittal, Principal Economist, Asia, Economist Intelligence: EIU who explains how relationships are being strengthened and find out the key economic takeaways with Ed Bell, Senior Director, Market Economics, Emirates NBD. We'll also be talking cups - Stanley Cups to be specific and why everyone's raving about them. As air travel passes 99% of pre-pandemic demand, we hear from Kashif Khalid, Regional Director – Middle East & Africa, IATA. Plus, we'll speak to Hoor Al Khaja, Senior Vice President - Operations, Dubai's Department of Economy and Tourism (DET) about Dubai being crowned the No.1 global destination in the Tripadvisor Travellers' Choice Awards for the third consecutive year. Finally, we'll be talking property with Espace Real Estate MD, John Lyons, exploring the key findings from their latest report.See omnystudio.com/listener for privacy information.

09 Jan 2024. Ed Bell, Senior Director, Market Economics, Emirates NBD joins us to discuss his outlook on oil prices which fell 4% overnight, as Saudi cut prices for sales to Asia. We also hear from Fadi Ghandour, Executive Chairman, Wamda Capital to discuss why start-up funding in the Middle East and North Africa (Mena) has seen a decline. Plus, healthcare billionaire Dr Azad Moopen reveals why he's selling a billion-dollar stake in his Aster empire. Finally, as Saudi broadcast giant MBC closed 30% higher on its stock market debut, we'll hear from Faheem Aziz, Chief Executive Officer, Safa Capital to find out why its shares surged to 32.50 riyals ($8.66) shortly after trading opened.See omnystudio.com/listener for privacy information.

08 Jan 2024. Friday's US jobs report was potentially a game changer on inflation, as could be the latest developments in the Red Sea - Ed Bell, Senior Director, Market Economics, Emirates NBD has the latest on that. We'll also hear from aviation expert Geoff Thomas about the US 737 Max 9 grounding, and what it means for Boeing. Plus, we'll find out what the Red Sea situation means for retailers trying to ship goods into Dubai with furniture superstore boss Jens Ravnbol of Jysk.See omnystudio.com/listener for privacy information.

Australia's inflation has come down to 4.9% in the twelve months to October, which might give some breathing room to the RBA on rates until 2024.See omnystudio.com/listener for privacy information.

We've got the latest from Ed Bell, Senior Director, Market Economics, Emirates NBD on what's moving the markets as we head towards the weekend. Plus, it's part two of our interview with Tony Douglas, CEO, Riyadh Air talking about Saudi Arabia's start-up airline Riyadh Air which is set to place an order for narrow-body aircraft in the next few weeks. We'll also hear from Paul Kelly, Operations Director, Allsopp & Allsopp on the rental market which has remained robust, with 40,840 transactions. Apartment rentals have dominated, while villa and townhouse rentals have also seen significant activity. Finally, we hear from Danny Van Otterdijk, Chief Communications Officer, DP World for day two of the season-ending DPWTC at JGE.  See omnystudio.com/listener for privacy information.

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

The market finally had a great week. The Federal Reserve played nice by not raising interest rates, $AAPL's quarter, although not perfect, had some glimmer of hope, and Friday, the jobs number came in lower than expected. How is slowing economic data good for the market? Wouldn't that seem contrary to what we would want to see? This week, we discuss market economics and how to think about what is happening within the economy. Learning to think past 1st level thinking will be key to your success as an investor. Invisible Hand

Naomi is a Harvard University professor of the history of science, and an Affiliated Professor of Earth and Planetary Sciences. She's a leading voice on the role of science in society, the reality of anthropogenic climate change, and the role of disinformation in blocking climate action. She's also a world-renowned author, having co-authored 9 books, including the best-selling book Merchants of Doubt, Climate change denial, and her most recent book, the Big Myth, which explores the idea of free market economics, and its dark and politically laden history. In this conversation Naomi and Matt discuss: * The relationships between science, economics, and politics * The idea of the free market, and common misconceptions about free market economics * Arguments for and against a free market way of thinking * The incentives systems that influence how ideas spread in a society * Meme theory * Propaganda … and other topics This is a public episode. If you would like to discuss this with other subscribers and get access to bonus content, episode notes, and subscriber perks, visit: https://www.matthewgeleta.com/ Chapters: 0:00:00 Intro 0:03:15 Myth of the Free Market 0:08:55 Adam Smith vs regulation 0:28:40 Bad incentives vs bad actors 0:34:25 Arguments for and against regulation 0:44:10 Are free markets more fair? 0:53:00 Distrust in government as a cause of free market thinking 0:57:50 Meme theory of free market thinking 1:01:00 Ayn Rand & propaganda 1:09:00 Advice for people in positions of power 1:14:20 The Entrepreneurial State 1:16:50 Book recommendations 1:18:00 Advice for scientists 1:18:00 Who should represent humanity to an AI superintelligence?

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/ 

Working at a Web 3 Company in 2023. In this episode we sit down with every single team member of ours and talk about their experience with working at Economics Design and Web 3. We talk about the non technical side of things today, our company culture, how we tackle challenges and how we have been working with a worldwide team! Please consider donating to help fund these educational videos: 0x6da9AAa73D39F3880119Fd20e6d6a2f65Dd44ABe Want more in-depth content? 1) The Economics and Math of Token Engineering and DeFi https://book.economicsdesign.com/ 2) Academy: https://academy.economicsdesign.com/ 3) New research site & dashboard: https://econteric.com/ 4) Newsletter: https://economicsdesign.substack.com/ Connect with us and the ED community: Discord – https://economicsdesign.com/discord Twitter – https://twitter.com/econsdesign Reddit – https://reddit.com/u/economicsdesign Spotify Podcast – https://spoti.fi/3wzDbXt Google Podcasts – https://bit.ly/ED-podcast Apple Podcasts – https://podcasts.apple.com/gb/podcast/economics-design/id1492490959 *Disclaimer* This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at the time of recording. Purchasing cryptocurrencies poses a considerable risk of loss. Past performance does not indicate future results. #economicsdesign #tokeneconomics #tokenomics #DeFi

Is there a fundamental tension between democratic freedom, economic growth, and social equality?Chilean economist and UCLA Professor Sebastian Edwards joins Bethany and Luigi to discuss his recent book, "The Chile Project: The Story of the Chicago Boys and the Downfall of Neoliberalism." The Chicago Boys were a group of free-market economists trained at the University of Chicago who shaped economic policy and reforms in Chile during General Augusto Pinochet's rule. In the book, Edwards (who also received his Ph.D. in economics from the University of Chicago in 1981) outlines the complexities of implementing market-oriented policies in a society undergoing rapid change. With him, Bethany and Luigi discuss: Could the Chilean experience offer lessons for other nations grappling with similar policy choices?Show Notes:Read an excerpt from Edwards' book on ProMarket.In conversation with Sebastian Edwards, Arnold C. Harberger reflects on his time at the Department of Economics at the University of Chicago.Also read "The Complicated Legacy of the "Chicago Boys" in Chile," by Chilean journalist and former Stigler Center Journalist in Residence, Daniel Matamala.

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

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

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

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

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. 

The October Stamp market Economics Podcast

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!

In this episode of Mike talks with the CEO of Rocklinc Investment Group, Jonathan Wellum, about life, liberty, and free-market economics from a biblical worldview. Episode Resource: Whatever Happened to the Human Race? by Jonathan Wellum. Want to Know Invest with RockLinc? Contact them today!: rocklinc.com; 1 (905) 631-5462; email: info@rocklinc.com. Sick of Mainstream Media Lies? Please Support us in bringing you real, truthful reporting and analysis from a Christian perspective.

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This week on Commerce Code we speak with Tim Lee of Full Stack Economics, a Washington, D.C. based economic analysis firm, and learn more about the current shortage of workers.

Welcome to another Market/Economics talk on stamp collecting

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

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?

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

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.

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