Foreclosure Notice of Sales Jump 27.9% Year Over Year: What the Notice of Sale Surge Means For Real Estate Investors
Summary
Foreclosure Notices of Sale (NOS) are up significantly YoY in several key markets, signaling potential opportunities for real estate investors. Hosts can anticipate increased REO inventory in 60-120 days. Use NOS data to research markets, prepare for future REOs, and possibly take advantage of favorable non-recourse loan terms within self-directed retirement accounts.
Key Insights
- •Rising Notices of Sale = rising future REOs. Auction numbers spike, REO inventory typically grows 60 to 120 days later.
- •State-level auction performance varies: North Carolina saw massive increases, while Florida and California had slowed auctions, but still higher YoY.
- •Notices of Sale surged 27.93% year over year, signaling that a large wave of properties is now entering the auction phase of the foreclosure pipeline.
Action Items
- ✓Accelerate local market due diligence in auction-rich markets, focusing on contractor availability, property manager relationships, and title research efficiency.Effort: mediumImpact: medium
- ✓Build a county-level auction watch list, focusing on counties where NOS filings accelerated this month, like Charlotte, Raleigh, Columbus, and parts of Central Florida.Effort: lowImpact: medium
Tools & Resources
- →Equity Trust Company: Learn more about using a Self-Directed IRA or Solo 401(k) to invest in real estate at www.TrustETC.com/RealEstate.(www.TrustETC.com/RealEstate)
Common Mistakes
- ⚠Failure to prepare capital within tax-advantaged plans, or structure cash offers in advance, could result in missed opportunities.
More from Pricing & Profitability
This article discusses Kansas City's high occupancy rates compared to other World Cup host cities, raising questions about the effectiveness of efforts to increase short-term rental availability. It implicitly touches on market trends and the impact of major events on the STR market. The article likely explores whether increased rental supply can meet demand while analyzing the city's approach to STRs.
Realtor.com's report on best mountain towns for Airbnb returns reveals key locations for STR investment. The analysis likely includes data on occupancy rates, ADR, and RevPAR to identify profitable markets. Understanding these trends helps hosts optimize pricing strategies and choose lucrative destinations.
Airbnb is offering a $750 incentive for some hosts in Georgia during the FIFA World Cup, potentially boosting occupancy and profitability. This program seeks to capitalize on increased demand from the international event, offering financial benefits to participating hosts. Learn how to qualify and leverage this incentive for your STR.
Curated by Learn STR by GoStudioM