State of the Industry with Eddie Speed from NoteSchool. Take a look and let us know what you think!
http://noteschool.com
http://facebook.com/noteschool
5. Anxious Money
• Millionaires now place
a higher priority on growth
than wealth preservation — a marked reversal
from last year
• Over $6 Trillion in cash
• 16% of them plan to invest that cash in the next
couple of months
• 40% plan to invest it over the next two years
Source: May 27th 2013 USA Today, US Trust Survey
6. Those with $100,000 in Disposable Income
Source: May 27 2013 USA Today, American Express, Harrison Group
$6 Trillion
Cash Savings
$12 TrillionCash Savings
NOW
2014
18. As of Sept 2012 (latest available)
Source: DS News, Office of Inspector General FHFA and HUD
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
HUD Fannie and Freddie
REO's
Shadow Inventory
Shadow
Inventory is
defined in this
study as
properties 90
days or more
delinquents but
not yet in
foreclosure
21. Sources Reuters and ZeroHedge, Bloomberg 2013
Where is all the Inventory?
Blackstone 29,000 SFH 13 Metro Areas
Carrington 25,000 SFH
Colony America 9,931 SFH
Silver Bay 5,000 SFH
Tricon Capital 4,000 SFH CA, FL, AZ
Amer Res Prop 3,600 SFH AZ, IL, CA, IN, NC, GA, FL
PLUS
Another $8 Billion raised this year
to buy SFH foreclosures and REO’s
22. Making a Move into Tax Liens
Insiders estimate hedge funds now
control 40% of the tax-lien market,
from under 5% five years ago, with
regional banks, and individual
investors making up the difference.
By Lynnley Browning Fortune Magazine May1 2013
Tax Lien Market Today
Hedge Funds
Banks &
Investors
Tax Lien Market 2008
Hedge
Funds
Banks &
Investors