Daren Blomquist

Daren Blomquist, Vice President of Market Economics at Auction.com, dives into the booming landscape of distressed property auctions. He reveals a 20% rise in foreclosures, especially in the Southeast, hinting at an ongoing housing market downturn. The conversation also sheds light on fluctuating prices at these auctions and the pivotal role of local investors in revitalizing communities. Blomquist emphasizes that the increase in foreclosures could be a return to historical norms, coupled with new tools to aid homeowners.

Daren Blomquist, VP of Market Economics at Auction.com, dives into the current state of the foreclosure market. With data-driven insights, he discusses the implications of rising foreclosures on housing inventory, contrasting it with the equity many homeowners have gained. The conversation touches on pandemic-related factors impacting foreclosures, the psychology behind real estate decisions, and investment strategies for navigating future market trends. Daren’s expertise sheds light on whether we’re on the brink of another crisis or witnessing a shifting opportunity.