326: Auction.com Market Outlook: Buying Opportunities with a Backlog of Distressed Mortgages with Daren Blomquist
Home prices are no longer rising like they were, but the cost of debt is going up, and you might be seeing and feeling distress in the markets by the time of your next deal. So, with all signs pointing to a recession on the horizon, what should you do?
To help me answer this question, I’m once again joined by Daren Blomquist, EVP at Auction.com. As their in-house economist, he helps clients–both buyers and sellers–understand where the market’s going. There was so much more than we wanted to cover in our most recent discussion and I knew I wanted to bring him back to make sure we covered everything.
In this episode, Daren and I talk about why housing prices in 2023 are all but guaranteed to drop, why there are still a ton of great investment opportunities during economic downturns, and which markets are likely to be riskiest in the months and years to come.
Key Takeaways with Daren Blomquist
- The dangers of investing for cash flow in a tumultuous economy–and how interest rates can ruin a flip overnight.
- How the end of the foreclosure moratorium is going to create a growing backlog of distressed mortgages, delinquent loans, and foreclosed properties.
- Why this housing downturn is highly unlikely to be as tumultuous as the Great Recession of 2009.
- What makes coastal areas so much more prone to cycles of boom-bust than the Midwest.
- Why flippers may still want to consider selling right now.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/326
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