Over the last six months, institutional sellers at distressed property auctions have increasingly lowered their pricing due to rising retail inventory and persistent high mortgage rates.
This downward pricing trend foreshadows slowing home-price appreciation in 2025, with affordability constraints and increasing serious delinquency rates affecting retail buyers at auctions.
Data from Auction.com reveals that banks and mortgage servicers are lowering their pricing, significantly impacting how properties are sold at foreclosure and REO auctions.
The pricing dynamics at these auctions, particularly the difference between auction reserves and estimated after-repair values, play a crucial role in the market's performance.
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