"REO auction volume advanced to 49% of its Q1 2020 baseline, reflecting a 6% increase from the prior quarter and a 26% increase from a year earlier."
"The bid-to-title rate edged down to 26.2% in Q1 2026, indicating that real estate investors are still taking a larger share of properties to title compared to 2025."
"Buyer demand strengthened more clearly at REO auctions than at foreclosure auctions, with the REO auction sales rate rising 12% from Q4 2025."
"Competitive intensity at REO auctions improved from late 2025, with average bidders per auction increasing to 2.7, although still down 14% from Q1 2025."
REO auction volume reached 49% of its Q1 2020 baseline, up 6% from the previous quarter and 26% year-over-year. The bid-to-title rate decreased to 26.2% in Q1 2026, indicating a larger share of properties going to title. Buyer demand at REO auctions strengthened more than at foreclosure auctions. The REO auction sales rate rose 12% from Q4 2025 and 36% from a year earlier. Competitive intensity improved, but average bidders per REO auction decreased compared to Q1 2025, highlighting varying buyer demand across metropolitan areas.
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