Distressed Market Trends

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Distressed Market Trends

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Foreclosure trends Distressed sale trends Single family rentals and flipping Where are biggest discounts? Investor options for purchasing properties Buying with Auction.com AGENDA

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Overall foreclosure activity down from a year ago for 49th consecutive month in October, although there was a 15 percent monthly spike – the biggest monthly increase since foreclosure activity peaked in March 2010. Foreclosures Down

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Foreclosure activity was actually up from a year ago in 10 out of the 20 largest metro areas nationwide. Washington DC led the way with a 26 percent increase. But Not Out

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78 percent of all loans in the foreclosure process were originated in 2008 or earlier. Two-thirds were originated between 2004 and 2008. Old Distress

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After five consecutive loan vintages with lower foreclosure rates between 2008 and 2012, foreclosure rates on the 2013 and 2014 loan vintages have increased – albeit slightly. But Wait!

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Scheduled foreclosure auctions nationwide increased 1 percent annually in August after 44 consecutive months of decreases, and then increased again in October, 7 percent annually. Auctions Bucking Trend

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29 states posted year-over-year increase in scheduled foreclosure auctions in October. States with biggest increases include both judicial and non-judicial states, although the increases are more dramatic in the judicial states. Not just judicial

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32 states posted monthly increases in REO activity in October, led by Maryland (338 percent increase), Nevada (247 percent increase), Missouri (243 percent increase) and Virginia (130 percent increase). REO Rebound

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Sales of homes in foreclosure averaged 2.33 percent of all sales pre-recession and are back to an average of 8 percent of all sales so far in 2014 after hitting a peak monthly average of 27 percent of all sales in 2009. Distressed Sales

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Short sales are back to normal, averaging 5 percent of all sales monthly in 2014, the same share as prior to the recession in 2006 and 2007. Short Sales

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REO sales are still well above normal, averaging 9 percent so far in 2014 compared to one-tenth of a percent – yes that’s right – pre-recession. REO Sales

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Average gross yield across 586 counties analyzed by RealtyTrac was 9 percent in the third quarter of 2014, down from nearly 10 percent in the third quarter of 2013. Single Family Rentals

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Home flipping spiked briefly at the end of 2009 and beginning of 2010, possibly relating to homebuyer tax credit, and then again at the end of 2012 and beginning of 2013 as the recovery took hold. It has dropped off since as appreciation slows. Home Flipping

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Flippers are operating much more shrewdly in this recovery, with increasing gross profits and ROI even as the number of flips decreases. Avg gross flipping profit in Q2 was nearly $72,000, a 35 percent ROI. Home Flipping

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Flippers are operating much more shrewdly in this recovery, with increasing gross profits and ROI even as the number of flips decreases. Avg gross flipping profit in Q2 was nearly $72,000, a 35 percent ROI. Home Flipping

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Since 2006 average: Non-distressed buyers pay 91 percent of market value REO buyers pay 84 percent of market value In-foreclosure buyers pay 81 percent of market value Foreclosure auction buyers pay 71 percent of market value Biggest Discounts

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Google “best real estate deals” to find this interactive matrix Or go to www.realtytrac.com/content and search for “matrix” Here is direct link: http://ow.ly/EbWdd The Matrix!

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Local market stats and trends down to county, city, zip level: http://www.realtytrac.com/statsandtrends Local Market Trends

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RealtyTrac Premium Subscription 58% discount www.realtytrac.com/reic or call 800.968.5162 Research 118 million U.S. properties Foreclosure status and details Listing status and details Home value, open loans with position and equity Sales history and sale comparables Tax assessor info and property characteristics More than 20 hyperlocal Homefacts impacting property value Search & Research 118 million properties

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Download mailing lists of homeowners in foreclosure and other motivated sellers: http://mega.realtytrac.com/ Motivated seller mailing lists

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Thank You! Daren Blomquist darenb@realtytrac.com