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
[spp-timestamp time="00:00"] Introduction
[spp-timestamp time="01:00"] Who is Daren Blomquist?
[spp-timestamp time="03:25"] What should real estate professionals focus on today?
[spp-timestamp time="06:43"] What does it mean when a market double-dips?
[spp-timestamp time="09:01"] Why is it important to protect your upside if you’re investing in real estate today?
[spp-timestamp time="11:37"] How can using data help you make better investments?
[spp-timestamp time="14:20"] What happened to the massive wave of foreclosures we were expecting?
[spp-timestamp time="19:10"] What should real estate investors know about the distressed market today?
[spp-timestamp time="21:10"] When does the foreclosure process start?
[spp-timestamp time="24:46"] What has changed in the foreclosure funnel from pre-pandemic to today?
[spp-timestamp time="26:01"] What is the Homeowner’s Assistance Fund?
[spp-timestamp time="28:04"] What opportunities are there in pre-foreclosures for investors?
[spp-timestamp time="30:04"] How would selling to investors help homeowners better?
[spp-timestamp time="32:36"] What does the future look like for the bottom of the distressed market funnel?
[spp-timestamp time="35:39"] What is Daren’s advice to investors who want to invest in distressed properties?
[spp-timestamp time="37:10"] Why is it important to seek advice from people who do what you want to do?
[spp-timestamp time="38:50"] Where can investors find the most opportunities in today’s distressed market?
[spp-timestamp time="40:21"] How important is the median home price when evaluating investments today?
[spp-timestamp time="41:03"] What is the data on household formation telling us about the current real estate market?
[spp-timestamp time="43:42"] What underrated markets should real estate investors look at today?
[spp-timestamp time="44:30"] What are some of the most overrated real estate markets today?
[spp-timestamp time="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
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