On The Market cover image

118: The Next “Wave” of Foreclosures and Markets With the Deepest Discounts w/Auction.com’s Daren Blomquist

On The Market

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The Resilience of the Housing Market

We're seeing a pretty widespread across the country now it is during the pandemic during 2021 things got a little crazy and I would say even dangerously crazy buyers were typically on our platform we sell properties are selling for about 20 to 25% below the estimated as is value of the home. It's back to that 20 to 25 cushion discount cushion but they're buying a lot more so kind of to your point Henry is we're seeing more buying activity but still more conservative on the the purchase price the acquisition price than they were during the height of the pandemic. We have bought more properties this year to flip then we've bought cash like as a reference I was doing about 10 to 15 flips a

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