📢 Foreclosures up 23%: Time to buy?
Banks walk away while smart money moves in fast
The housing market is shifting dramatically as home sales drop while unsold inventory climbs to levels not seen since 2016.
At the same time, foreclosure filings just surged 23% in a single quarter, and zombie foreclosures have hit an 18-month high as banks simply walk away from problem assets.
Making matters worse for traditional players, fix-and-flip investors are pulling back hard from rising mortgage rates and renovation costs.
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Meanwhile, apartment builders are slamming the brakes on new construction after realizing they've already got over a million rental units under construction with weakening demand ahead.
All of this is creating a perfect storm where distressed inventory is stacking up just as competition from other investors is disappearing.
In this edition of the AltReports:
⚠️ Home sales crash while inventory at 2016 levels
🧟 Zombie foreclosures hit 18-month high
🔥 Foreclosure filings surge 23% in Q3
🛠️ Fix-and-flip investors flee
🏗️ Multifamily permits tumble 10%
Video of the Week: INSIDE California's MASSIVE Real Estate Meltdown
Chart of the Week: U.S. Housing Market Stagnation and Its Ripple Effects
Podcast of the Week: Building Passive Income Through Private Credit
Sales Crash, Supply Soars to Bust-Era Highs
Single-family home sales have collapsed while unsold listings skyrocket to 2016 highs and condo inventory is back at bust-era levels.
That glut is forcing sellers to slash prices fast as buyers vanish, turning the market into a discount rack.
💡 Investor Takeaway: Lock in financing now and target the markets with the biggest inventory spikes-
Foreclosure Filings Surge, Distressed Stock Piling Up
Foreclosure filings jumped 23% from last quarter, proof that rising rates are finally pushing more homeowners underwater.
Banks and servicers are fast-tracking seizures and dumping homes in hotspots like New Jersey, Florida and Illinois.
💡 Investor Takeaway: Lock in pipeline agreements now in New Jersey and Florida before deep-pocketed funds swoop in.
Zombie Foreclosures Hit 18-Month High
Banks are letting homes rot in limbo as zombie foreclosures hit an 18-month high.
Local governments are drowning in empty shells and soaring cleanup bills while courts drag out repossessions for months.
💡 Investor Takeaway: Move fast on abandoned listings before the herd arrives.
Fix-and-Flip Investors Hit the Brakes
Fix-and-flip operators are pulling back as mortgage rates and renovation costs surge, eroding their profit margins.
That pullback is flooding the market with run-down homes no one’s racing to rehab and driving distressed prices lower.
💡 Investor Takeaway: Great time to start bidding on foreclosure auctions
Multifamily Permits Tumble from Pandemic Highs
Builders are pulling the plug on new apartments—permits for properties with five-plus units fell 10% in March and 7% from last spring’s peak.
A record 1.15 million rental units already under construction plus softening demand means rent growth is about to hit a wall and vacancies will creep up.
💡 Investor Takeaway: Zero in on the fastest-overbuilt markets