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How online auctions deliver on the promise of pre-foreclosure sales

Housing Wire

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. Falling Short.

Sales 360
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Existing home sales continue to decline in 2023

Housing Wire

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. In January, the seasonally adjusted sales pace for existing homes dropped 0.7% On a yearly basis, existing home sales were down 36.9% On a yearly basis, existing home sales were down 36.9% in January.

Sales 329
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Fewer first-time homebuyers are competing these days

Housing Wire

Existing-home sales grew by 2.0% Completed sales transactions for single-family homes, townhomes, condominiums and co-ops, represented a seasonally adjusted annual rate of just under 6 million (5.99 million, so sales grew year-over-year by 1.5%. But first-time homebuyers are still getting squeezed. increase, the report said.

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Don’t expect a drop in home prices in 2023, NAR economist says

Housing Wire

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

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Why a Wave of Foreclosures Is Not on the Way

Keeping Current Matters

million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank. As stay-at-home orders were issued early last year, the fear was the pandemic would impact the housing industry in a similar way. After the last housing crash, about 9.3 It’s exactly the opposite today.

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CFPB proposes foreclosure ban until 2022

Housing Wire

Pre-foreclosure sales are a promising alternative to foreclosures – here’s why. The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace. .”

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4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures

Keeping Current Matters

million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. As stay-at-home orders were issued early last year, the overwhelming fear was the pandemic would decimate the housing industry in a similar way. In 2008, there was a 9-month supply of listings for sale.