Daren Blomquist: Rethink your post-pandemic benchmarks

This week on the Power House podcast, Diego sits down with Daren Blomquist, VP of Market Economics at Auction.com. Daren is a friendly face to many of you, and was last on the show in early 2023 to discuss his 2023 forecast. He’s joining us again to talk about what he expects to see in the market post-election and into 2025.

He and Diego talk about a potential market uptick as rates stabilize, how the mortgage rate lock-in effect is still impacting low inventory across the nation, and Auction.com’s plan to expand into non-foreclosure property sales.

Here’s what you’ll learn:

• We’ll see a ‘Trump bump’ in housing data.
• The certainty of the election results will encourage market activity.
• The current bidding activity indicates a sluggish spring market.
• The lock-in effect is keeping inventory low across the country.
• Auction.com is seeing interest from sellers outside of traditional foreclosure.
• Many sellers are turning to auctions as a viable selling option.

Related to this episode:

• Foreclosures expected to grow slowly to end 2024: Auction.com | HousingWire
• Daren Blomquist  LinkedIn
• Auction.com
• HousingWire | YouTube

The Power House podcast explores the most critical topics in mortgage, real estate and fintech. A new mortgage or real estate executive joins the show each week to add perspective to the top stories crossing HousingWire’s news desk. Hosted by Diego Sanchez and produced by the HW Media team.