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Foreclosures are drying up — and it’s showing in sales data

Housing Wire

Auction.com noted that the 99,000 foreclosure sales, even if they came to fruition, would still represent less than half the 210,000 transactions that took place in 2019 prior to the COVID-19 pandemic. Buyer demand at REO auctions continued to decline in Q4 2024, which Auction.com chalked up to stubbornly high mortgage rates.

Retail 417
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A new source of affordable housing inventory: Private seller auctions

Housing Wire

Sims was able to sell the properties quickly thanks to the deep and wide pool of buyers using Auction.com, with its more than 7.4 Like Richards, most Auction.com buyers are local community developers who have a deep knowledge of the markets and submarkets where they are buying. million registered users.

Sellers 365
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Why real estate professionals must return to old-school thinking in 2025

Housing Wire

Based on a historical commission lawsuit enacted in 2019, the real estate commission landscape is undergoing significant change, reshaping how agents engage with their clients. To do so, develop strategies and programs that cater to buyers and sellers at every stage. For buyers, focus on delivering second-to-none service and support.

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Auction Demand Weakens in Q3 as Retail Market Softens 

Appraisal Buzz

Just waiting for the market to correct and find balance,” wrote one Auction.com buyer, in response to a survey regarding the impact of market conditions on bidding and purchasing behavior at auction. This demand indicator was still 39% higher than the 2019 average, even with the recent decline. and from 57.3% in Q3 of 2023.

Retail 370
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How auction buyer data foreshadows housing market shifts

Housing Wire

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data. That was up from 40% a year ago.

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These housing markets are most likely to correct based on foreclosure buyer behavior

Housing Wire

A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Foreclosure auction buyers started bidding more conservatively in the second quarter of 2022, as measured by proprietary data from the Auction.com marketplace. Price Correction Risk by Region.

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These markets are attracting the most out-of-state real estate investors

Housing Wire

Green gave the example of a Fort Wayne, Indiana, property he purchased on Auction.com via a bank-owned (REO) auction in July 2019. Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. 75% out-of-state buyers); Calhoun County, Ala. (60%);