Nearly one-third of buyers expect home prices to decline in their local housing market in 2023, nearly double the 17 percent who said the same in 2022, reported Auction.com, Irvine, Calif.
Tag: Auction.com
Auction.com: One-Third of Buyers Expect Home Prices to Decline
Nearly one-third of buyers expect home prices to decline in their local housing market in 2023, nearly double the 17 percent who said the same in 2022, reported Auction.com, Irvine, Calif.
Housing Market Roundup: Feb. 21, 2023
Here’s a summary of recent housing industry articles that have come across the MBA NewsLink desk:
Survey: 90% Mortgage Servicers Expect Foreclosures to Increase through Next Year
Auction.com, Irvine, Calif., said its annual Seller Insights Report found nine in 10 mortgage servicers disposing of distressed properties on the Auction.com platform expect their foreclosure auction volume to increase in the next 12 months.
Majority of Real Estate Investors Describe Local Markets as ‘Overvalued’
Auction.com, Irvine, Calif., said 55 percent of buyers purchasing distressed properties on Auction.com described their local market as “overvalued” with a correction possible, up from 40 percent a year ago.
3Q Home Auction Prices Up 15%; 3 in 5 Consumers Would Consider Buying Home at Auction
Strong demand for distressed properties lifted the average sale price at foreclosure auction to an eight-year high and generated surplus funds above total debt owed for nearly half of homes sold at foreclosure auction in the third quarter, said Auction.com, Irvine, Calif.
Auction.com: Completed 3Q Foreclosure Auctions Up 16%
Auction.com, Irvine, Calif., said completed foreclosure auctions in the third quarter increased by 16 percent from the previous quarter and by 89 percent from a year ago to a new pandemic high.
Housing Market Roundup Nov. 5, 2021: Home Prices Ramp Up; Pressure on Margins; More Affordable Homes Available
Another end to the week; another flurry of economic and housing reports. Here’s a quick summary of what’s come across the MBA NewsLink desk:
Local Investors Drive Record Demand for Foreclosures
Auction.com, Irvine, Calif., reported more than three out of four distressed property buyers are local investors and nearly nine in 10 purchased five or fewer investment properties in 2020.
Industry Briefs Apr. 2, 2021
Auction.com, Irvine, Calif., released its 2021 Seller Strategy Report, based on an analysis of more than 70,000 properties brought to foreclosure auction on the Auction.com platform in the four quarters ending in Q1 2021.