Foreclosures, are they back?
08/24/18 • 37 min
Are we seeing a resurgence of foreclosures? The data shows that in about 44% of metro areas, we are. We have talked a lot about pivot points in markets and where to find them. Well, I would absolutely call an increase in foreclosures a pivot point! In fact, right here on this show we speculated years ago that the bad lending practices we began to embrace about 6 years ago would come back to bite us in exactly this way. It sounds like we might have just been pretty close to right. While it is interesting that we are seeing this increase, it is some of the specific areas we are seeing it that is most revealing. I am willing to be that some of the areas that are at the top of this list will blow you away! So tune in for our discussion of the recent increase in foreclosures. Today Links:
- https://www.attomdata.com/news/market-trends/foreclosures/july-2018-u-s-foreclosure-market-report/
HELP THE SHOW GROW by filling out the audience demographic survey by clicking the button at the top of the page titled "Take the survey to support the show". Follow the prompts and this will automatically enter you for a chance to win a $50 Amazon Gift card! Interested in getting free content, advanced notice of upcoming events and real estate exclusives? Then simply join the Rebel Underground by texting the word 'rebelbroker' to 44222 - or click the button below. When prompted, text your email address and you are in!
SPONSORAudible.com - Audible is offering real estate realities listeners a free audiobook of your choice and a free 30-day trial membership. Just go to http://audibletrial.com/rebel and choose from over 180,000 audio programs – download a title free and start listening!
SUBSCRIBE TO AUDIBLE TODAY AND CLAIM YOUR FREE BOOK AND 30 DAY TRIAL!
#babyboomer, #realestate, #foreclosure,#foreclosures
Are we seeing a resurgence of foreclosures? The data shows that in about 44% of metro areas, we are. We have talked a lot about pivot points in markets and where to find them. Well, I would absolutely call an increase in foreclosures a pivot point! In fact, right here on this show we speculated years ago that the bad lending practices we began to embrace about 6 years ago would come back to bite us in exactly this way. It sounds like we might have just been pretty close to right. While it is interesting that we are seeing this increase, it is some of the specific areas we are seeing it that is most revealing. I am willing to be that some of the areas that are at the top of this list will blow you away! So tune in for our discussion of the recent increase in foreclosures. Today Links:
- https://www.attomdata.com/news/market-trends/foreclosures/july-2018-u-s-foreclosure-market-report/
HELP THE SHOW GROW by filling out the audience demographic survey by clicking the button at the top of the page titled "Take the survey to support the show". Follow the prompts and this will automatically enter you for a chance to win a $50 Amazon Gift card! Interested in getting free content, advanced notice of upcoming events and real estate exclusives? Then simply join the Rebel Underground by texting the word 'rebelbroker' to 44222 - or click the button below. When prompted, text your email address and you are in!
SPONSORAudible.com - Audible is offering real estate realities listeners a free audiobook of your choice and a free 30-day trial membership. Just go to http://audibletrial.com/rebel and choose from over 180,000 audio programs – download a title free and start listening!
SUBSCRIBE TO AUDIBLE TODAY AND CLAIM YOUR FREE BOOK AND 30 DAY TRIAL!
#babyboomer, #realestate, #foreclosure,#foreclosures
Previous Episode
Interview with Andrei Polgar!
The bigger picture of economics directly effects real estate - so lets talk to Andrei Polgar, Economist and host of One Minute Economics on YouTube!
Todays interview should be interesting! We are going to chat with Andrei Polgar. That name may not ring a bell relating to the world of real estate, but if you are familiar with the YouTube channel One Minute Economics, then you know todays guest has a talent for making complicated economic ideas easy to understand. I have been a subscriber to Andrei's channel for quite a while and I was pleased when he reached out to see if we could sit down and chat about economics and real estate! Of course, we talked about a variety of things, but real estate is a big part of any economy! So sit back and enjoy todays interview! Here is a real estate related video from Andrei's channel for you to check out: [embed]https://youtu.be/eptjIngbcl0[/embed] HELP THE SHOW GROW by filling out the audience demographic survey by clicking the button at the top of the page titled "Take the survey to support the show". Follow the prompts and this will automatically enter you for a chance to win a $50 Amazon Gift card! Interested in getting free content, advanced notice of upcoming events and real estate exclusives? Then simply join the Rebel Underground by texting the word 'rebelbroker' to 44222 - or click the button below. When prompted, text your email address and you are in!
SPONSORAudible.com - Audible is offering real estate realities listeners a free audiobook of your choice and a free 30-day trial membership. Just go to http://audibletrial.com/rebel and choose from over 180,000 audio programs – download a title free and start listening!
SUBSCRIBE TO AUDIBLE TODAY AND CLAIM YOUR FREE BOOK AND 30 DAY TRIAL!
#babyboomer, #realestate, #homeinventory
Next Episode
Sub Prime lending is back... as Non Prime loans
That's right, Non Prime loans might be a new name, but it is the same old problem
Both private and government backed lenders have been at it for a while. We have explored all the various ways bad lending has been creeping back into the financial world. Sadly, it has been this way for several years now. But now, we have reached a more critical mass where the practice appears to be getting a more common usage. This is not good. We are simply priming the lending pump for another downturn and the market is ripe for it. Sub prime loans or non prime loans end with the same thing, a economic meltdown that is likely to dwarf what we saw in 2007.
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