LEVERAGING THE LATEST HOUSING MARKET TRENDS
© 2013 Renwood RealtyTrac LLC
WELCOME
WHAT WE’LL COVER TODAY
• A brief bit on RealtyTrac
• Latest foreclosure trends (midyear report)
• Latest home sales & pric...
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...
LATEST FORECLOSURE MARKET TRENDS
© 2013 Renwood RealtyTrac
LATEST FORECLOSURE MARKET TRENDS
© 2013 Renwood RealtyTrac LLC
June foreclosure
starts at lowest level
since December
2005
LATEST FORECLOSURE TRENDS
© 2013 Renwood RealtyTrac LLC
June foreclosure
starts at lowest level
since July 2006
LATEST FORECLOSURE MARKET TRENDS
© 2013 Renwood RealtyTrac LLC
June foreclosure
activity down
annually for 19th
consecutiv...
LATEST FORECLOSURE MARKET TRENDS
© 2013 Renwood RealtyTrac LLC
State MSA City Zip Code % of HU NTS REO Total %∆ from
May-1...
LATEST FORECLOSURE MARKET TRENDS
© 2013 Renwood RealtyTrac LLC
Arizona time to
foreclose less
than half the
national avera...
LATEST FORECLOSURE MARKET TRENDS
• Arizona and Phoenix leading the way out of
foreclosure crisis
– State foreclosure rate ...
LEVERAGING LATEST MARKET TRENDS TIP NO. 1
© 2013 Renwood RealtyTrac LLC
Recent default, auction
and REO trends
Local, stat...
WHERE FORECLOSURE STARTS & AUCTIONS ARE REBOUNDING
© 2013 Renwood RealtyTrac
WHERE FORECLOSURE STARTS & AUCTIONS ARE REBOUNDING
YoY Pct Increases:
• Maryland: 365%
• Connecticut: 47%
• New York: 36%
...
WHERE FORECLOSURE STARTS & AUCTIONS ARE REBOUNDING
© 2013 Renwood RealtyTrac LLC
YoY Pct Increases:
• Florida: 100%
• Arka...
LATEST FORECLOSURE MARKET TRENDS
© 2013 Renwood RealtyTrac LLC
LATEST FORECLOSURE MARKET TRENDS
© 2013 Renwood RealtyTrac LLC
Judicial
foreclosure
auctions up 34
percent from
year ago i...
WHERE FORECLOSURE STARTS & AUCTIONS ARE REBOUNDING
• Why are foreclosure starts and auctions rebounding?
– Pent-up foreclo...
LEVERAGING DISTRESSED TRENDS TIP NO. 2
© 2013 Renwood RealtyTrac LLC
Find pre-foreclosures and
scheduled auctions in your
...
LEVERAGING LATEST MAREKT TRENDS TIP NO. 3
© 2013 Renwood RealtyTrac LLC
Create mailing lists of
distressed homeowners in
d...
LATEST HOME PRICE TRENDS
© 2013 Renwood RealtyTrac
LATEST HOME PRICE TRENDS
© 2013 Renwood RealtyTrac LLC
Distressed median
prices still flat lining
LATEST HOME PRICE TRENDS
© 2013 Renwood RealtyTrac LLC
Phoenix home prices
up 23 percent from
year ago but still 33
percen...
LATEST HOME PRICE TRENDS
© 2013 Renwood RealtyTrac LLC
Average Annual Pct Change YTD in
2013 is 7 percent for non-
distres...
LATEST HOME PRICE TRENDS
© 2013 Renwood RealtyTrac LLC
Distressed median
prices actually rising
at a slightly faster
pace ...
LATEST HOME PRICE TRENDS
© 2013 Renwood RealtyTrac LLC
City Median Sales May 2012 Median Sales May 2013 % Change (Median)
...
LATEST HOME PRICE TRENDS: NATIONWIDE
© 2013 Renwood RealtyTrac LLC
Seriously
underwater means
mortgage amount is
at least ...
LATEST HOME PRICE TRENDS: ARIZONA
© 2013 Renwood RealtyTrac LLC
LATEST HOME PRICE TRENDS: NATIONAL
© 2013 Renwood RealtyTrac LLC
1.5 million fewer
underwater in last year
LATEST HOME PRICE TRENDS: ARIZONA
© 2013 Renwood RealtyTrac LLC
242,000 fewer Arizona
homes underwater.
Underwater
percent...
HOME PRICES BUOYING UNDERWATER INVENTORY
4.5 million homes nationwide
would transition from short sales to
equity sales wi...
LEVERAGING LATEST MARKET TRENDS TIP NO. 4
© 2013 Renwood RealtyTrac LLC
Foreclosure
Inventory and
Prices
Historical
Forecl...
FLIPPING & INSTITUTIONAL INVESTORS
© 2013 Renwood RealtyTrac
FLIPPING & INSTITUTIONAL INVESTORS
U.S. property flips
increased 17 percent
from a year ago in the
second quarter
FLIPPING & INSTITUTIONAL INVESTORS
© 2013 Renwood RealtyTrac LLC
FLIPPING & INSTITUTIONAL INVESTORS
© 2013 Renwood RealtyTrac LLC
FLIPPING & INSTITUTIONAL INVESTORS
© 2013 Renwood RealtyTrac LLC
Arizona flips down 35
percent YoY. Gross
profit $21K per ...
FLIPPING & INSTITUTIONAL INVESTORS
© 2013 Renwood RealtyTrac LLC
Phoenix flips down 36
percent YoY. Gross
profit $26K per ...
FLIPPING & INSTITUTIONAL INVESTORS
© 2013 Renwood RealtyTrac LLC
Zip Code 2013 Property Flips Avg Purchase PriceAvg Flippe...
FLIPPING & INSTITUTIONAL INVESTORS
© 2013 Renwood RealtyTrac LLC
U.S. institutional
investor purchases
increased 16 percen...
FLIPPING & INSTITUTIONAL INVESTORS
© 2013 Renwood RealtyTrac LLC
FLIPPING & INSTITUTIONAL INVESTORS
© 2013 Renwood RealtyTrac LLC
Phoenix only metro
among top 10 with
decrease in purchase...
FLIPPING & INSTITUTIONAL INVESTORS
© 2013 Renwood RealtyTrac LLC
FLIPPING & INSTITUTIONAL INVESTORS
© 2013 Renwood RealtyTrac LLC
Zip Institutional Investor Purchases AvgSalePrice Avg Dis...
THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES
© 2013 Renwood RealtyTrac
THE PROBLEM AND OPPORTUNITY OF ZOMBIE FORECLOSURES
© 2013 Renwood RealtyTrac LLC
THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES
© 2013 Renwood RealtyTrac LLC
THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES
© 2013 Renwood RealtyTrac LLC
THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES
• The problem
– More than 167,000 vacant homes nationwide, 20
percent of ...
LEVERAGING DISTRESSED TRENDS TIP NO. 5
© 2013 Renwood RealtyTrac LLC
Identify homeowners who have
vacated their homes and ...
RESOURCES FOR LEVERAGING THE LATEST MARKET TRENDS
• Real Estate News & Reports (free)
• http://www.realtytrac.com/content
...
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How Real Estate Investors Can Leverage the Latest Housing Market Trends

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Presentation given by RealtyTrac vice president Daren Blomquist at the Phoenix Real Estate Club on the latest housing market trends and how real estate investors can take advantage of those to build their investing business.

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  • RealtyTrac started 1996.Track over 100 million properties nationwide.
  • U.S. & State Foreclosure Starts Apr05-May13
  • 12 Million in 201211 Million in 2013
  • 12 Million in 201211 Million in 2013
  • How Real Estate Investors Can Leverage the Latest Housing Market Trends

    1. 1. LEVERAGING THE LATEST HOUSING MARKET TRENDS © 2013 Renwood RealtyTrac LLC WELCOME
    2. 2. WHAT WE’LL COVER TODAY • A brief bit on RealtyTrac • Latest foreclosure trends (midyear report) • Latest home sales & price trends • Flipping and institutional investors • The problem and opportunity of zombie foreclosures • Tips on leveraging all these trends to help build your business © 2013 Renwood RealtyTrac LLC
    3. 3. REALTYTRAC DATA PRIMER Economic Neighborhood & Local MLS Sales & Loan Valuation & Prop Details Foreclosure © 2013 Renwood RealtyTrac LLC
    4. 4. 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
    5. 5. LATEST FORECLOSURE MARKET TRENDS © 2013 Renwood RealtyTrac
    6. 6. LATEST FORECLOSURE MARKET TRENDS © 2013 Renwood RealtyTrac LLC June foreclosure starts at lowest level since December 2005
    7. 7. LATEST FORECLOSURE TRENDS © 2013 Renwood RealtyTrac LLC June foreclosure starts at lowest level since July 2006
    8. 8. LATEST FORECLOSURE MARKET TRENDS © 2013 Renwood RealtyTrac LLC June foreclosure activity down annually for 19th consecutive month
    9. 9. LATEST FORECLOSURE MARKET TRENDS © 2013 Renwood RealtyTrac LLC State MSA City Zip Code % of HU NTS REO Total %∆ from May-13 %∆ from Jun-12 Arizona Phoenix-Mesa-Scottsdale, AZ Glendale 85308 0.17 31 14 45 32.35 -56.31 Arizona Phoenix-Mesa-Scottsdale, AZ Laveen 85339 0.36 24 18 42 2.44 -58.42 Arizona Phoenix-Mesa-Scottsdale, AZ Buckeye 85326 0.26 22 19 41 -25.45 -72.11 Arizona Phoenix-Mesa-Scottsdale, AZ Goodyear 85338 0.26 19 19 38 -26.92 -62.00 Arizona Phoenix-Mesa-Scottsdale, AZ Phoenix 85041 0.22 19 18 37 -13.95 -63.73 Arizona Phoenix-Mesa-Scottsdale, AZ Avondale 85323 0.28 17 18 35 -12.50 -56.25 Arizona Phoenix-Mesa-Scottsdale, AZ El Mirage 85335 0.35 21 13 34 30.77 -55.84 Arizona Phoenix-Mesa-Scottsdale, AZ Phoenix 85051 0.20 21 13 34 3.03 -27.66 Arizona Phoenix-Mesa-Scottsdale, AZ Peoria 85345 0.15 25 9 34 -32.00 -65.66 Arizona Phoenix-Mesa-Scottsdale, AZ Surprise 85379 0.25 20 13 33 -13.16 -60.71 Arizona Phoenix-Mesa-Scottsdale, AZ Sun City 85351 0.15 12 21 33 -21.43 -23.26 Arizona Phoenix-Mesa-Scottsdale, AZ Phoenix 85032 0.10 18 14 32 -11.11 -65.59 Arizona Phoenix-Mesa-Scottsdale, AZ Phoenix 85042 0.20 22 8 30 -11.76 -63.86 Arizona Phoenix-Mesa-Scottsdale, AZ Mesa 85204 0.13 16 13 29 -35.56 -59.15 Arizona Phoenix-Mesa-Scottsdale, AZ Phoenix 85037 0.19 15 13 28 -17.65 -64.56 Arizona Phoenix-Mesa-Scottsdale, AZ Chandler 85224 0.15 19 9 28 3.70 -51.72 Arizona Phoenix-Mesa-Scottsdale, AZ Gilbert 85296 0.20 14 12 26 4.00 -59.38 Arizona Phoenix-Mesa-Scottsdale, AZ Mesa 85201 0.12 16 10 26 -21.21 -63.38 Arizona Phoenix-Mesa-Scottsdale, AZ Tolleson 85353 0.27 18 7 25 4.17 -72.53 Arizona Phoenix-Mesa-Scottsdale, AZ Phoenix 85009 0.17 14 11 25 56.25 -46.81 Arizona Phoenix-Mesa-Scottsdale, AZ Mesa 85208 0.14 15 10 25 0.00 -66.67 Arizona Phoenix-Mesa-Scottsdale, AZ Phoenix 85086 0.15 15 9 24 -17.24 -66.67 Arizona Phoenix-Mesa-Scottsdale, AZ Glendale 85301 0.10 14 10 24 4.35 -67.57 Arizona Phoenix-Mesa-Scottsdale, AZ Surprise 85374 0.10 13 11 24 -25.00 -72.41 Arizona Phoenix-Mesa-Scottsdale, AZ Chandler 85225 0.09 14 10 24 -51.02 -78.38 Arizona Phoenix-Mesa-Scottsdale, AZ Glendale 85304 0.23 13 10 23 91.67 -58.93 Arizona Phoenix-Mesa-Scottsdale, AZ Phoenix 85033 0.14 13 10 23 -30.30 -72.29 Arizona Phoenix-Mesa-Scottsdale, AZ Phoenix 85043 0.22 12 10 22 -4.35 -66.67 Arizona Phoenix-Mesa-Scottsdale, AZ Peoria 85383 0.17 15 7 22 -12.00 -61.40
    10. 10. LATEST FORECLOSURE MARKET TRENDS © 2013 Renwood RealtyTrac LLC Arizona time to foreclose less than half the national average of 526 days
    11. 11. LATEST FORECLOSURE MARKET TRENDS • Arizona and Phoenix leading the way out of foreclosure crisis – State foreclosure rate ranked No. 10 in June – Metro foreclosure rate ranked No. 57 out of 209 metro areas nationwide – Shorter foreclosure process with no legislative intervention means no backlog built up threatening another wave of delayed foreclosures – Rapidly rising home prices will help lift underwater homeowners to positive equity more quickly than other markets © 2013 Renwood RealtyTrac LLC
    12. 12. LEVERAGING LATEST MARKET TRENDS TIP NO. 1 © 2013 Renwood RealtyTrac LLC Recent default, auction and REO trends Local, state and national foreclosure rates 1. Know your distressed market
    13. 13. WHERE FORECLOSURE STARTS & AUCTIONS ARE REBOUNDING © 2013 Renwood RealtyTrac
    14. 14. WHERE FORECLOSURE STARTS & AUCTIONS ARE REBOUNDING YoY Pct Increases: • Maryland: 365% • Connecticut: 47% • New York: 36% • New Jersey: 27% • Oregon: 59,200%
    15. 15. WHERE FORECLOSURE STARTS & AUCTIONS ARE REBOUNDING © 2013 Renwood RealtyTrac LLC YoY Pct Increases: • Florida: 100% • Arkansas: 71% • Illinois: 65% • Wisconsin: 45% • Washington: 21%
    16. 16. LATEST FORECLOSURE MARKET TRENDS © 2013 Renwood RealtyTrac LLC
    17. 17. LATEST FORECLOSURE MARKET TRENDS © 2013 Renwood RealtyTrac LLC Judicial foreclosure auctions up 34 percent from year ago in June
    18. 18. WHERE FORECLOSURE STARTS & AUCTIONS ARE REBOUNDING • Why are foreclosure starts and auctions rebounding? – Pent-up foreclosure activity from robo-signing, national mortgage settlement and state legislation/court rulings – Rising prices may be helping to motivate foreclosure • What are implications for real estate investors? – Clock is now ticking on delinquent homeowners – Auctions may be good place to buy in next 6 to 12 months © 2013 Renwood RealtyTrac LLC
    19. 19. LEVERAGING DISTRESSED TRENDS TIP NO. 2 © 2013 Renwood RealtyTrac LLC Find pre-foreclosures and scheduled auctions in your neighborhood
    20. 20. LEVERAGING LATEST MAREKT TRENDS TIP NO. 3 © 2013 Renwood RealtyTrac LLC Create mailing lists of distressed homeowners in default or scheduled for foreclosure auction
    21. 21. LATEST HOME PRICE TRENDS © 2013 Renwood RealtyTrac
    22. 22. LATEST HOME PRICE TRENDS © 2013 Renwood RealtyTrac LLC Distressed median prices still flat lining
    23. 23. LATEST HOME PRICE TRENDS © 2013 Renwood RealtyTrac LLC Phoenix home prices up 23 percent from year ago but still 33 percent below peak in July 2006
    24. 24. LATEST HOME PRICE TRENDS © 2013 Renwood RealtyTrac LLC Average Annual Pct Change YTD in 2013 is 7 percent for non- distressed properties
    25. 25. LATEST HOME PRICE TRENDS © 2013 Renwood RealtyTrac LLC Distressed median prices actually rising at a slightly faster pace than non- distressed prices
    26. 26. LATEST HOME PRICE TRENDS © 2013 Renwood RealtyTrac LLC City Median Sales May 2012 Median Sales May 2013 % Change (Median) Paradise Valley $837,000 $1,160,000 38.59 % Carefree $469,000 $535,000 14.07 % Scottsdale $329,540 $377,445 14.54 % Rio Verde $260,000 $360,000 38.46 % Cave Creek $154,950 $340,000 119.43 % Fountain Hills $243,000 $310,000 27.57 % New River $223,700 $265,000 18.46 % Gilbert $188,911 $228,400 20.90 % Chandler $189,817 $227,617 19.91 % Litchfield Park $167,000 $209,700 25.57 % City Median Sales May 2012 Median Sales May 2013 % Change (Median) Arizona City $64,250 $29,476 -54.12 % San Manuel $29,699 $33,150 11.62 % Casa Grande $109,742 $44,610 -59.35 % Tonopah $46,000 $85,993 86.94 % Coolidge $60,750 $89,125 46.71 % Youngtown $59,000 $90,000 52.54 % Florence $86,700 $102,877 18.66 % El Mirage $82,000 $112,000 36.59 % Sun City $94,475 $113,275 19.90 % Morristown $51,000 $122,500 140.20 % 10 highest- priced cities in Phoenix MSA 10 lowest- priced cities in Phoenix MSA
    27. 27. LATEST HOME PRICE TRENDS: NATIONWIDE © 2013 Renwood RealtyTrac LLC Seriously underwater means mortgage amount is at least 25 percent higher than estimated market value
    28. 28. LATEST HOME PRICE TRENDS: ARIZONA © 2013 Renwood RealtyTrac LLC
    29. 29. LATEST HOME PRICE TRENDS: NATIONAL © 2013 Renwood RealtyTrac LLC 1.5 million fewer underwater in last year
    30. 30. LATEST HOME PRICE TRENDS: ARIZONA © 2013 Renwood RealtyTrac LLC 242,000 fewer Arizona homes underwater. Underwater percentage dropped from 46% to 32%
    31. 31. HOME PRICES BUOYING UNDERWATER INVENTORY 4.5 million homes nationwide would transition from short sales to equity sales with 10 percent increase in home prices; 8.3 million with a 20 percent rise
    32. 32. LEVERAGING LATEST MARKET TRENDS TIP NO. 4 © 2013 Renwood RealtyTrac LLC Foreclosure Inventory and Prices Historical Foreclosure Discounts 3. Know your overall market
    33. 33. FLIPPING & INSTITUTIONAL INVESTORS © 2013 Renwood RealtyTrac
    34. 34. FLIPPING & INSTITUTIONAL INVESTORS U.S. property flips increased 17 percent from a year ago in the second quarter
    35. 35. FLIPPING & INSTITUTIONAL INVESTORS © 2013 Renwood RealtyTrac LLC
    36. 36. FLIPPING & INSTITUTIONAL INVESTORS © 2013 Renwood RealtyTrac LLC
    37. 37. FLIPPING & INSTITUTIONAL INVESTORS © 2013 Renwood RealtyTrac LLC Arizona flips down 35 percent YoY. Gross profit $21K per flip
    38. 38. FLIPPING & INSTITUTIONAL INVESTORS © 2013 Renwood RealtyTrac LLC Phoenix flips down 36 percent YoY. Gross profit $26K per flip
    39. 39. FLIPPING & INSTITUTIONAL INVESTORS © 2013 Renwood RealtyTrac LLC Zip Code 2013 Property Flips Avg Purchase PriceAvg Flipped Price Gross Profit Gross Profit Percent 85032 104 155,499$ 195,168$ 39,669$ 26% 85143 101 180,396$ 176,518$ (3,878)$ -2% 85243 96 911,687$ 157,030$ (754,657)$ -83% 85308 89 172,213$ 206,130$ 33,916$ 20% 85326 87 278,588$ 134,435$ (144,152)$ -52% 85379 87 169,323$ 184,097$ 14,775$ 9% 85339 84 162,528$ 178,037$ 15,510$ 10% 85041 80 304,436$ 126,807$ (177,629)$ -58% 85086 78 249,657$ 273,634$ 23,977$ 10% 85037 76 384,604$ 110,903$ (273,701)$ -71% 85225 76 160,040$ 186,085$ 26,045$ 16% 85204 72 112,263$ 154,575$ 42,312$ 38% 85238 72 259,134$ 168,828$ (90,306)$ -35% 85345 72 176,692$ 136,321$ (40,371)$ -23% 85242 70 756,617$ 253,807$ (502,810)$ -66% 85388 70 285,002$ 181,831$ (103,171)$ -36% 85338 69 168,376$ 180,271$ 11,895$ 7% 85240 67 572,232$ 134,342$ (437,891)$ -77% 85029 66 101,666$ 149,787$ 48,121$ 47% 85254 65 319,689$ 400,087$ 80,398$ 25% 85374 65 137,086$ 152,057$ 14,971$ 11% 85033 64 518,210$ 84,841$ (433,369)$ -84% 85296 63 261,069$ 271,054$ 9,985$ 4% 85140 62 195,616$ 163,445$ (32,171)$ -16% 85323 62 234,859$ 167,037$ (67,822)$ -29%
    40. 40. FLIPPING & INSTITUTIONAL INVESTORS © 2013 Renwood RealtyTrac LLC U.S. institutional investor purchases increased 16 percent from year ago in Q2
    41. 41. FLIPPING & INSTITUTIONAL INVESTORS © 2013 Renwood RealtyTrac LLC
    42. 42. FLIPPING & INSTITUTIONAL INVESTORS © 2013 Renwood RealtyTrac LLC Phoenix only metro among top 10 with decrease in purchases in 2013
    43. 43. FLIPPING & INSTITUTIONAL INVESTORS © 2013 Renwood RealtyTrac LLC
    44. 44. FLIPPING & INSTITUTIONAL INVESTORS © 2013 Renwood RealtyTrac LLC Zip Institutional Investor Purchases AvgSalePrice Avg Discount Below Market Value 85143 96 185,250$ 19,975$ 85243 82 123,008$ 18,271$ 85037 78 309,974$ 10,899$ 85041 71 171,086$ 13,325$ 85308 71 187,826$ 17,402$ 85339 70 201,171$ 8,584$ 85345 66 228,072$ 15,650$ 85033 65 460,387$ 10,414$ 85338 63 163,730$ 17,807$ 85323 62 138,820$ 15,549$ 85225 61 157,507$ 17,458$ 85379 60 161,150$ 18,804$ 85326 53 107,505$ 17,342$ 85353 49 151,672$ 16,487$ 85029 48 270,941$ 17,893$ 85138 48 121,825$ 14,525$ 85335 47 131,608$ 8,637$ 85238 46 116,017$ 12,410$ 85234 45 201,086$ 20,474$ 85295 44 200,435$ 19,471$ 85240 43 137,123$ 18,599$ 85296 43 198,093$ 15,332$ 85051 42 319,936$ 17,684$ 85392 40 155,986$ 12,371$
    45. 45. THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES © 2013 Renwood RealtyTrac
    46. 46. THE PROBLEM AND OPPORTUNITY OF ZOMBIE FORECLOSURES © 2013 Renwood RealtyTrac LLC
    47. 47. THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES © 2013 Renwood RealtyTrac LLC
    48. 48. THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES © 2013 Renwood RealtyTrac LLC
    49. 49. THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES • The problem – More than 167,000 vacant homes nationwide, 20 percent of all homes in the foreclosure process – Homeowners often don’t realize they still own the property and are responsible for taxes etc. • The opportunity – Homeowners who have exhibited a desire to let go of the property – Lenders who don’t want to foreclose © 2013 Renwood RealtyTrac LLC
    50. 50. LEVERAGING DISTRESSED TRENDS TIP NO. 5 © 2013 Renwood RealtyTrac LLC Identify homeowners who have vacated their homes and get new mailing addresses
    51. 51. RESOURCES FOR LEVERAGING THE LATEST MARKET TRENDS • Real Estate News & Reports (free) • http://www.realtytrac.com/content • Local Stats & Trends (embeddable) • http://www.realtytrac.com/trendcenter/ • Premier subscription (address-level access) • http://www.realtytrac.com/profile/promotionselect.aspx • Download data/create lists: http://mega.realtytrac.com © 2013 Renwood RealtyTrac LLC

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