Dive into Deep Distressed Deals
Foreclosure auctions jumped to their highest level in 18 months this quarter, meaning more bank‑owned homes are hitting the market—potential discounts for investors ready to act.
Meanwhile, defaults on multifamily and office loans are climbing back to financial‑crisis highs, opening up prime chances to snap up undervalued commercial properties.
At the same time, unsold homes in Florida are piling up, sellers still want much more than buyers can pay, and mortgage demand keeps sliding—more signs of motivated, distressed listings.
Top stories of the week
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Q1 Foreclosure Auction Volume Hits Six-Quarter High – The MortgagePoint
Foreclosure auctions jumped 20% from the prior quarter, and 4% year-over-year to reach a six-quarter high, led by a January 2025 spike to a 21-month high. While volume may have dipped in February, the month of March closed strong with a 5% annual gain.
Now the Multifamily CMBS Delinquency Rate Begins to Spike
A flight to quality has divided the office market into two: Amid much reduced demand for office space, vacancies in the latest and greatest buildings allow companies to move from older office towers into new fancy offices, while downsizing space at the same time.
Unsold Inventory of Homes for Sale in Florida Pile up Further in April
In the South, pending sales of existing homes were again down year-over-year in March, and marked the worst March in the data from the National Association of Realtors going back to 2011, though they rose from February, seasonally adjusted. Compared to March 2019, pending sales were down 25%.
The Typical Home Seller Wants $39,000 More Than the Typical Buyer Is Willing to Pay
Buyers and sellers are on different pages, which is the crux of the divergence in sale prices and list prices. Sellers continue to demand last year’s record-high prices, but with mortgage rates still so high, buyers have reached their limit and aren’t budging.
Homebuyer Mortgage Demand Drops as Economic Uncertainty Roils the Housing Market
Applications for a mortgage to purchase a home dropped 4% last week compared with the previous week. Volume was just 3% higher than the same week one year ago, even though interest rates last year were considerably higher.
Top 10 Best and Worst Days to Sell a Home
May 27 is the best day to sell a home with a seller premium of 14 percent. Followed by May 26 (13.7%); March 31 (12.9%); March 30 (12.6%); April 28 (12.5%); April 29 (12.2 percent); March 29 (12.1%); May 25 (12%); June 30 (11.9%); and February 24 (11.6%).
