380: Auction.com Market Outlook: Deflation in a Recessionary Market with Daren Blomquist

Accelerated Real Estate Investor

Inflation’s finally coming down, but we’re not out of the woods when it comes to the possibility of a full-on recession by year’s end. For real estate investors, what does that mean?

It’s a tough question to answer, but I’m always so grateful to have Daren Blomquist, VP of Market Economics at Auction.com, hop on with me to break it down for us. In short? It’s a good time to be looking at lower-end properties, but approach expensive single-family homes with caution–especially on the West Coast!

In today’s episode, Daren and I dig into what he’s seeing in his high-level KPIs, what’s happening in the housing supply, distressed housing markets and consumer spending trends. You’ll also hear why it’s a good time to be cautiously bullish as you hunt for new deals to add to your portfolio.

Key Takeaways with Daren Blomquist

• Why the macro economy looks good despite higher mortgage rates and home prices trending downward.
• How the distressed market is fairing with delinquency and foreclosures.
• The indicators showing the highest probability of a recession since 1981.
• How post-COVID spending and inflation have put consumer debt at an all-time high.
• Why default rates could rise with home equity values are dropping while consumers are relying on credit with high inflation.
• The factors that are triggering major price cuts on homes for the first time in years.

Want the Full Show Notes?

To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/380

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