LEVERAGING THE LATEST DISTRESSED MARKET TRENDS
HIGH DESERT REAL ESTATE INVESTOR NETWORK
© 2013 Renwood RealtyTrac LLC
WELC...
WHAT WE’LL COVER TODAY
• A brief bit on RealtyTrac
• RealtyTrac midyear foreclosure report (released today)!
– National Ov...
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 DATA PRIMER
County-Level Public Documents
• Pre-foreclosure, foreclosure auction and REO
• Sales & Loan
• Valua...
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
...
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...
THE BIG PICTURE – FORECLOSURE STARTS & COMPLETIONS
© 2013 Renwood RealtyTrac LLC
Nearly 10.5 million
starts and 5.2 millio...
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 OPPORTUNITIE...
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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California’s high desert real estate market (hdrein webinar) july 2013 - final (3)

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  • 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®.
  • 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®.
  • U.S. & State Foreclosure Starts Apr05-May13
  • U.S. & State Foreclosure Starts Apr05-May13
  • 3.41 % in January4.29 % in June - highest level since July 2011.
  • Foreclosure Starts – Defaults & auctionCompletions - REOs
  • 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.
  • 597,030 – Default – 45%511,802 – REO – 38%227,262 – Auctions – 17%
  • 26% of home mortgage are underwater.
  • 52% of Nevada mortgages are underwater41% in Florida36% in Michigan
  • 12 Million in 201211 Million in 2013
  • NODs and Auctions are trending upward.
  • 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).
  • 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.
  • 102 – Active185 – Back-up – Pending287 Total homes for sale
  • Drop in January attributed to Homeowners Bill of Right, which went into affect then.Gradually rising each month since January.
  • 90 – Active185 – Back-up – Pending287 Total homes for sale
  • 102 – Active243 – Back-up – Pending345 Total homes for sale
  • Palmdale has more pre-foreclosures than Lancaster (54.2 % vs. 48.9 %)
  • Drop in January attributed to Homeowners Bill of Right, which went into affect then.Gradually rising each month since January.
  • 161 – Active293 – Back-up – Pending454 Total homes for sale
  • Palmdale has more pre-foreclosures than Lancaster (54.2 % vs. 48.9 %)
  • Drop in January attributed to Homeowners Bill of Right, which went into affect then.Gradually rising each month since January.
  • 38 – Active21 – Back-up – Pending454 Total homes for sale
  • Palmdale has more pre-foreclosures than Lancaster (54.2 % vs. 48.9 %)
  • Drop in January attributed to Homeowners Bill of Right, which went into affect then.Gradually rising each month since January.
  • High Desert home prices inching up.Trending upward.
  • High Desert home prices inching up.Trending upward.
  • California’s high desert real estate market (hdrein webinar) july 2013 - final (3)

    1. 1. LEVERAGING THE LATEST DISTRESSED MARKET TRENDS HIGH DESERT REAL ESTATE INVESTOR NETWORK © 2013 Renwood RealtyTrac LLC WELCOME
    2. 2. 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
    3. 3. IS THE FORECLOSURE CRISIS OVER? © 2013 Renwood RealtyTrac LLC
    4. 4. REALTYTRAC DATA PRIMER Economic Neighborhood & Local MLS Sales & Loan Valuation & Prop Details Foreclosure © 2013 Renwood RealtyTrac LLC
    5. 5. 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
    6. 6. A NATIONAL OVERVIEW © 2013 Renwood RealtyTrac LLC Leveraging RealtyTrac Data
    7. 7. THE BIG PICTURE – FORECLOSURE BY TYPE (2005 -2013) © 2013 Renwood RealtyTrac LLC
    8. 8. 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
    9. 9. 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)
    10. 10. 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)
    11. 11. NEW STATE LAWS INCREASE FORECLOSURE TIMELINES © 2013 Renwood RealtyTrac LLC
    12. 12. AVERAGE DAYS TO FORECLOSE © 2013 Renwood RealtyTrac LLC
    13. 13. WHERE FORECLOSURE STARTS ARE REBOUNDING - UPDATE © 2013 Renwood RealtyTrac LLC
    14. 14. POTENTIAL REOS DRAINED BY SINGLE FAMILY BUYING SPREE © 2013 Renwood RealtyTrac LLC
    15. 15. POTENTIAL REOS DRAINED BY SINGLE FAMILY BUYING SPREE © 2013 Renwood RealtyTrac LLC
    16. 16. RENTAL ROI STILL GOOD IN MANY MARKETS © 2013 Renwood RealtyTrac LLC
    17. 17. MARKETS WITH BEST RATES OF RETURN ON SF RENTALS © 2013 Renwood RealtyTrac LLC
    18. 18. DISTRESSED SALES MOVING FURTHER UPSTREAM © 2013 Renwood RealtyTrac LLC
    19. 19. 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
    20. 20. UNDERWATER BORROWERS – 26% OF ALL LOANS © 2013 Renwood RealtyTrac LLC
    21. 21. UNDERWATER LOANS BY STATE © 2013 Renwood RealtyTrac LLC
    22. 22. UNDERWATER UNIVERSE SHRINKING © 2013 Renwood RealtyTrac LLC 1.5 million fewer underwater in last year
    23. 23. THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES © 2013 Renwood RealtyTrac LLC
    24. 24. THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES © 2013 Renwood RealtyTrac LLC
    25. 25. A CALIFORNIA OVERVIEW © 2013 Renwood RealtyTrac LLC Leveraging RealtyTrac Data
    26. 26. CALIFORNIA FORECLOSURE TREND GRAPH – (2005 – 2013) © 2013 Renwood RealtyTrac LLC
    27. 27. CALIFORNIA FORECLOSURE TREND GRAPH – (MAY 2012 – MAY 2013) © 2013 Renwood RealtyTrac LLC
    28. 28. INSTITUTIONAL INVESTORS RETREAT FROM CALIFORNIA © 2013 Renwood RealtyTrac LLC
    29. 29. WHERE THE APPETITE IS THE BIGGEST © 2013 Renwood RealtyTrac LLC
    30. 30. HIGH DESERT OVERVIEW - LANCASTER © 2013 Renwood RealtyTrac LLC Leveraging RealtyTrac Data
    31. 31. LANCASTER – FORECLOSURE TRENDS – MARKET SUMMARY © 2013 Renwood RealtyTrac LLC
    32. 32. LANCASTER – FORECLOSURE RATE © 2013 Renwood RealtyTrac LLC
    33. 33. LANCASTER – FORECLOSURE STATUS DISTRIBUTION © 2013 Renwood RealtyTrac LLC
    34. 34. LANCASTER – FORECLOSURE FILINGS © 2013 Renwood RealtyTrac LLC
    35. 35. LANCASTER – FORECLOSURE ACTIVITY – (AUG. 2012 – JUNE 2013) © 2013 Renwood RealtyTrac LLC
    36. 36. LANCASTER – GEOGRAPHICAL COMPARISON © 2013 Renwood RealtyTrac LLC
    37. 37. HIGH DESERT OVERVIEW - PALMDALE © 2013 Renwood RealtyTrac LLC Leveraging RealtyTrac Data
    38. 38. PALMDALE – FORECLOSURE TRENDS © 2013 Renwood RealtyTrac LLC
    39. 39. PALMDALE – FORECLOSURE RATE © 2013 Renwood RealtyTrac LLC
    40. 40. PALMDALE – FORECLOSURE STATUS DISTRIBUTION © 2013 Renwood RealtyTrac LLC
    41. 41. PALMDALE – FORECLOSURE FILINGS © 2013 Renwood RealtyTrac LLC
    42. 42. PALMDALE – FORECLOSURE ACTIVITY – (AUG. 2012 – JUNE 2013) © 2013 Renwood RealtyTrac LLC
    43. 43. PALMDALE – GEOGRAPHICAL COMPARISON © 2013 Renwood RealtyTrac LLC
    44. 44. HIGH DESERT OVERVIEW - VICTORVILLE © 2013 Renwood RealtyTrac LLC Leveraging RealtyTrac Data
    45. 45. VICTORVILLE – FORECLOSURE TRENDS © 2013 Renwood RealtyTrac LLC
    46. 46. VICTORVILLE – FORECLOSURE RATE © 2013 Renwood RealtyTrac LLC
    47. 47. VICTORVILLE – FORECLOSURE STATUS DISTRIBUTION © 2013 Renwood RealtyTrac LLC
    48. 48. VICTORVILLE – FORECLOSURE FILINGS © 2013 Renwood RealtyTrac LLC
    49. 49. VICTORVILLE – FORECLOSURE ACTIVITY – (AUG. 2012 – JUNE 2013) © 2013 Renwood RealtyTrac LLC
    50. 50. VICTORVILLE – GEOGRAPHICAL COMPARISON © 2013 Renwood RealtyTrac LLC
    51. 51. HIGH DESERT OVERVIEW - BARSTOW © 2013 Renwood RealtyTrac LLC Leveraging RealtyTrac Data
    52. 52. BARSTOW – FORECLOSURE TRENDS © 2013 Renwood RealtyTrac LLC
    53. 53. BARSTOW – FORECLOSURE RATE © 2013 Renwood RealtyTrac LLC
    54. 54. BARSTOW – FORECLOSURE STATUS DISTRIBUTION © 2013 Renwood RealtyTrac LLC
    55. 55. BARSTOW – FORECLOSURE FILINGS © 2013 Renwood RealtyTrac LLC
    56. 56. INSTITUTIONAL INVESTORS RETREAT FROM THE HIGH DESERT © 2013 Renwood RealtyTrac LLC
    57. 57. HIGH DESERT MEDIAN HOME PRICES – (2000 – 2013) © 2013 Renwood RealtyTrac LLC
    58. 58. H.D.R.I.N. - SPECIAL REALTYTRAC DISCOUNTS © 2013 Renwood RealtyTrac LLC
    59. 59. OCTAVIO NUIRY REALTYTRAC OCTAVIO.NUIRY@REALTYTRAC.COM © 2013 Renwood RealtyTrac LLC THANK YOU!

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