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LEVERAGING THE LATEST DISTRESSED MARKET TRENDS
HIGH DESERT REAL ESTATE INVESTOR NETWORK
© 2013 Renwood RealtyTrac LLC
WELCOME
WHAT WE’LL COVER TODAY
• A brief bit on RealtyTrac
• RealtyTrac midyear foreclosure report (released today)!
– National Overview
– California Overview
– High Desert Overview
• RealtyTrac Tour
© 2013 Renwood RealtyTrac LLC
IS THE FORECLOSURE CRISIS OVER?
© 2013 Renwood RealtyTrac LLC
REALTYTRAC DATA PRIMER
Economic
Neighborhood
& Local
MLS
Sales &
Loan
Valuation
& Prop
Details
Foreclosure
© 2013 Renwood RealtyTrac LLC
REALTYTRAC DATA PRIMER
County-Level Public Documents
• Pre-foreclosure, foreclosure auction and REO
• Sales & Loan
• Valuation and property characteristics
MLS
• Listing status, price and other info
• Property description and more characteristics
Publicly available datasets
• Neighborhood features, amenities, red flags
• Macro housing and economic metrics
© 2013 Renwood RealtyTrac LLC
A NATIONAL OVERVIEW
© 2013 Renwood RealtyTrac LLC
Leveraging RealtyTrac Data
THE BIG PICTURE – FORECLOSURE BY TYPE (2005 -2013)
© 2013 Renwood RealtyTrac LLC
THE BIG PICTURE – FORECLOSURES & UNEMPLOYMENT (2005 -2013)
© 2013 Renwood RealtyTrac LLC
0
2
4
6
8
10
12
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
U.S. Foreclosure Activity & Unemployment Rate - (2005 -2013)
U.S. Foreclosure Filings U.S. Unemployment Rate
FORECLOSURES & INTEREST RATE SHOCK! - (2005 -2013)
© 2013 Renwood RealtyTrac LLC
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
Total Foreclosure Filings (RealtyTrac) 30-Year Fixed Rate (Freddie Mac)
U S Foreclosures and Freddie Mac Interest Rate Data - (2005-2013)
THE BIG PICTURE – FORECLOSURE STARTS & COMPLETIONS
© 2013 Renwood RealtyTrac LLC
Nearly 10.5 million
starts and 5.2 million
completions (REO)
since January 2006
-
50,000
100,000
150,000
200,000
250,000
Jan-07 Apr-07 Jul-07 Oct-07 Jan-08 Apr-08 Jul-08 Oct-08 Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Apr-13
Foreclosure Starts (Default or Auction) Foreclosure Completions (REO)
NEW STATE LAWS INCREASE FORECLOSURE TIMELINES
© 2013 Renwood RealtyTrac LLC
AVERAGE DAYS TO FORECLOSE
© 2013 Renwood RealtyTrac LLC
WHERE FORECLOSURE STARTS ARE REBOUNDING - UPDATE
© 2013 Renwood RealtyTrac LLC
POTENTIAL REOS DRAINED BY SINGLE FAMILY BUYING SPREE
© 2013 Renwood RealtyTrac LLC
POTENTIAL REOS DRAINED BY SINGLE FAMILY BUYING SPREE
© 2013 Renwood RealtyTrac LLC
RENTAL ROI STILL GOOD IN MANY MARKETS
© 2013 Renwood RealtyTrac LLC
MARKETS WITH BEST RATES OF RETURN ON SF RENTALS
© 2013 Renwood RealtyTrac LLC
DISTRESSED SALES MOVING FURTHER UPSTREAM
© 2013 Renwood RealtyTrac LLC
Default
Jun-13
597,030
45%
Auction
Jun-13
227,262
17%
REO Jun-13
511,802
38%
U.S. FORECLOSURE INVENTORY – REO OPPORTUNITIES - JUNE 2013
© 2013 Renwood RealtyTrac LLC
85% of REOs
are NOT Listed
for Sale
80% of
Defaults and
Auctions not
yet listed for
sale
UNDERWATER BORROWERS – 26% OF ALL LOANS
© 2013 Renwood RealtyTrac LLC
UNDERWATER LOANS BY STATE
© 2013 Renwood RealtyTrac LLC
UNDERWATER UNIVERSE SHRINKING
© 2013 Renwood RealtyTrac LLC
1.5 million fewer
underwater in last year
THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES
© 2013 Renwood RealtyTrac LLC
THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES
© 2013 Renwood RealtyTrac LLC
A CALIFORNIA OVERVIEW
© 2013 Renwood RealtyTrac LLC
Leveraging RealtyTrac Data
CALIFORNIA FORECLOSURE TREND GRAPH – (2005 – 2013)
© 2013 Renwood RealtyTrac LLC
CALIFORNIA FORECLOSURE TREND GRAPH – (MAY 2012 – MAY 2013)
© 2013 Renwood RealtyTrac LLC
INSTITUTIONAL INVESTORS RETREAT FROM CALIFORNIA
© 2013 Renwood RealtyTrac LLC
WHERE THE APPETITE IS THE BIGGEST
© 2013 Renwood RealtyTrac LLC
HIGH DESERT OVERVIEW - LANCASTER
© 2013 Renwood RealtyTrac LLC
Leveraging RealtyTrac Data
LANCASTER – FORECLOSURE TRENDS – MARKET SUMMARY
© 2013 Renwood RealtyTrac LLC
LANCASTER – FORECLOSURE RATE
© 2013 Renwood RealtyTrac LLC
LANCASTER – FORECLOSURE STATUS DISTRIBUTION
© 2013 Renwood RealtyTrac LLC
LANCASTER – FORECLOSURE FILINGS
© 2013 Renwood RealtyTrac LLC
LANCASTER – FORECLOSURE ACTIVITY – (AUG. 2012 – JUNE 2013)
© 2013 Renwood RealtyTrac LLC
LANCASTER – GEOGRAPHICAL COMPARISON
© 2013 Renwood RealtyTrac LLC
HIGH DESERT OVERVIEW - PALMDALE
© 2013 Renwood RealtyTrac LLC
Leveraging RealtyTrac Data
PALMDALE – FORECLOSURE TRENDS
© 2013 Renwood RealtyTrac LLC
PALMDALE – FORECLOSURE RATE
© 2013 Renwood RealtyTrac LLC
PALMDALE – FORECLOSURE STATUS DISTRIBUTION
© 2013 Renwood RealtyTrac LLC
PALMDALE – FORECLOSURE FILINGS
© 2013 Renwood RealtyTrac LLC
PALMDALE – FORECLOSURE ACTIVITY – (AUG. 2012 – JUNE 2013)
© 2013 Renwood RealtyTrac LLC
PALMDALE – GEOGRAPHICAL COMPARISON
© 2013 Renwood RealtyTrac LLC
HIGH DESERT OVERVIEW - VICTORVILLE
© 2013 Renwood RealtyTrac LLC
Leveraging RealtyTrac Data
VICTORVILLE – FORECLOSURE TRENDS
© 2013 Renwood RealtyTrac LLC
VICTORVILLE – FORECLOSURE RATE
© 2013 Renwood RealtyTrac LLC
VICTORVILLE – FORECLOSURE STATUS DISTRIBUTION
© 2013 Renwood RealtyTrac LLC
VICTORVILLE – FORECLOSURE FILINGS
© 2013 Renwood RealtyTrac LLC
VICTORVILLE – FORECLOSURE ACTIVITY – (AUG. 2012 – JUNE 2013)
© 2013 Renwood RealtyTrac LLC
VICTORVILLE – GEOGRAPHICAL COMPARISON
© 2013 Renwood RealtyTrac LLC
HIGH DESERT OVERVIEW - BARSTOW
© 2013 Renwood RealtyTrac LLC
Leveraging RealtyTrac Data
BARSTOW – FORECLOSURE TRENDS
© 2013 Renwood RealtyTrac LLC
BARSTOW – FORECLOSURE RATE
© 2013 Renwood RealtyTrac LLC
BARSTOW – FORECLOSURE STATUS DISTRIBUTION
© 2013 Renwood RealtyTrac LLC
BARSTOW – FORECLOSURE FILINGS
© 2013 Renwood RealtyTrac LLC
INSTITUTIONAL INVESTORS RETREAT FROM THE HIGH DESERT
© 2013 Renwood RealtyTrac LLC
HIGH DESERT MEDIAN HOME PRICES – (2000 – 2013)
© 2013 Renwood RealtyTrac LLC
H.D.R.I.N. - SPECIAL REALTYTRAC DISCOUNTS
© 2013 Renwood RealtyTrac LLC
OCTAVIO NUIRY
REALTYTRAC
OCTAVIO.NUIRY@REALTYTRAC.COM
© 2013 Renwood RealtyTrac LLC
THANK YOU!

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Hdrein webinar july 2013 final (3)

Editor's Notes

  1. RealtyTrac started 1996 – 17 years ago.More than 1.5 million active default, foreclosure auction and bank-owned properties.More than 1 million active for-sale listings on our website.Track over 100 million properties nationwide.20 categories of key housing-related facts provided by RealtyTrac’s wholly-owned subsidiary, Homefacts®.
  2. RealtyTrac started 1996 – 17 years ago.More than 1.5 million active default, foreclosure auction and bank-owned properties.More than 1 million active for-sale listings on our website.Track over 100 million properties nationwide.20 categories of key housing-related facts provided by RealtyTrac’s wholly-owned subsidiary, Homefacts®.
  3. U.S. & State Foreclosure Starts Apr05-May13
  4. U.S. & State Foreclosure Starts Apr05-May13
  5. 3.41 % in January4.29 % in June - highest level since July 2011.
  6. Foreclosure Starts – Defaults & auctionCompletions - REOs
  7. Average time to foreclose was 1,033 days in both New York and New Jersey. National average of 526 days.California average is 383 days.
  8. 597,030 – Default – 45%511,802 – REO – 38%227,262 – Auctions – 17%
  9. 26% of home mortgage are underwater.
  10. 52% of Nevada mortgages are underwater41% in Florida36% in Michigan
  11. 12 Million in 201211 Million in 2013
  12. NODs and Auctions are trending upward.
  13. NODs and Auctions are trending upward.Drop in January attributed to CAHomeowner Bill of Right, which went into affect Jan. 1. Artificial low caused by new law.Similar trend in NV. Now NODs are at a 20-month high. AB 284Similar pattern will play out in California. Also, we saw this in New York, New Jersey and Florida (HB 87).
  14. Institutional buyers increasing activity in Florida and Georgia, especially Atlanta.We define an institutional buyer as someone who buys 10 or more properties in 12-month period.
  15. 102 – Active185 – Back-up – Pending287 Total homes for sale
  16. Drop in January attributed to Homeowners Bill of Right, which went into affect then.Gradually rising each month since January.
  17. 90 – Active185 – Back-up – Pending287 Total homes for sale
  18. 102 – Active243 – Back-up – Pending345 Total homes for sale
  19. Palmdale has more pre-foreclosures than Lancaster (54.2 % vs. 48.9 %)
  20. Drop in January attributed to Homeowners Bill of Right, which went into affect then.Gradually rising each month since January.
  21. 161 – Active293 – Back-up – Pending454 Total homes for sale
  22. Palmdale has more pre-foreclosures than Lancaster (54.2 % vs. 48.9 %)
  23. Drop in January attributed to Homeowners Bill of Right, which went into affect then.Gradually rising each month since January.
  24. 38 – Active21 – Back-up – Pending454 Total homes for sale
  25. Palmdale has more pre-foreclosures than Lancaster (54.2 % vs. 48.9 %)
  26. Drop in January attributed to Homeowners Bill of Right, which went into affect then.Gradually rising each month since January.
  27. High Desert home prices inching up.Trending upward.
  28. High Desert home prices inching up.Trending upward.