In this episode of the Top of Mind podcast, Mike Simonsen sits down with Daren Blomquist, the Vice President of Market Economics at Auction.com, for a deep dive into the state of the distressed housing market, the latest insights from investor buyer behavior, and what the Auction.com platform can tell us about the housing market that we can’t see anywhere else. 

About Daren Blomquist

Daren Blomquist is the Vice President of Market Economics at Auction.com. In this role, Daren analyzes and forecasts complex macro and microeconomic data trends within the marketplace and industry to provide value to both buyers and sellers using the Auction.com platform.  

Daren’s reports and analysis have been cited by thousands of media outlets — including all the major news networks and leading publications such as The Wall Street Journal, The New York Times, and USA TODAY. Daren has been quoted in hundreds of publications and has appeared on many national network broadcasts, including CBS, ABC, CNN, CNBC, FOX Business, and Bloomberg.

Here’s a glimpse of what you’ll learn: 

• The big trends in foreclosures and how the distressed market compares to previous years
• Two unique data points Auction.com uses to forecast future home prices
• Will investors be the backstop for a faltering housing market, or will they be the catalyst for a deeper market correction?
• What will happen with foreclosures in a recessionary economy — how many homes will be in foreclosure, and how quickly will it happen?
• Daren Blomquist’s outlook for what’s next in the industry

Featuring Mike Simonsen, CEO of Altos Research

A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets.

Resources mentioned in this episode:

• Daren Blomquist on LinkedIn
• Auction.com
• Auction.com In the News
• “Why Do So Few People Buy Affordable Properties at Auction?” by Jung Hyun Choi, Laurie Goodman, and Liam Reynolds
• Mike Simonsen on LinkedIn
• Altos Research

Follow us on Twitter for more data analysis and insights:

https://twitter.com/altosresearch

https://twitter.com/mikesimonsen

See you next week!