Download - Hdrein webinar july 2013 final (3)
LEVERAGING THE LATEST DISTRESSED MARKET TRENDS
HIGH DESERT REAL ESTATE INVESTOR NETWORK
© 2013 Renwood RealtyTrac LLC
WELCOME
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
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 LLC
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
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
Jan-0
5
Mar-
05
May
-05
Jul-0
5
Sep-0
5
Nov-05
Jan-0
6
Mar-
06
May
-06
Jul-0
6
Sep-0
6
Nov-06
Jan-0
7
Mar-
07
May
-07
Jul-0
7
Sep-0
7
Nov-07
Jan-0
8
Mar-
08
May
-08
Jul-0
8
Sep-0
8
Nov-08
Jan-0
9
Mar-
09
May
-09
Jul-0
9
Sep-0
9
Nov-09
Jan-1
0
Mar-
10
May
-10
Jul-1
0
Sep-1
0
Nov-10
Jan-1
1
Mar-
11
May
-11
Jul-1
1
Sep-1
1
Nov-11
Jan-1
2
Mar-
12
May
-12
Jul-1
2
Sep-1
2
Nov-12
Jan-1
3
Mar-
13
May
-13
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
0
2
4
6
8
10
12U.S. Foreclosure Activity & Unemployment Rate - (2005 -2013)
U.S. Foreclosure Filings U.S. Unemployment Rate
FORECLOSURES & INTEREST RATE SHOCK! - (2005 -2013)
© 2013 Renwood RealtyTrac LLC
Jan-0
5
Feb-0
5
Mar-05
Apr-05
May-05
Jun-0
5Ju
l-05
Aug-05
Sep-0
5
Oct-05
Nov-05
Dec-05
Jan-0
6
Feb-0
6
Mar-06
Apr-06
May-06
Jun-0
6Ju
l-06
Aug-06
Sep-0
6
Oct-06
Nov-06
Dec-06
Jan-0
7
Feb-0
7
Mar-07
Apr-07
May-07
Jun-0
7Ju
l-07
Aug-07
Sep-0
7
Oct-07
Nov-07
Dec-07
Jan-0
8
Feb-0
8
Mar-08
Apr-08
May-08
Jun-0
8Ju
l-08
Aug-08
Sep-0
8
Oct-08
Nov-08
Dec-08
Jan-0
9
Feb-0
9
Mar-09
Apr-09
May-09
Jun-0
9Ju
l-09
Aug-09
Sep-0
9
Oct-09
Nov-09
Dec-09
Jan-1
0
Feb-1
0
Mar-10
Apr-10
May-10
Jun-1
0Ju
l-10
Aug-10
Sep-1
0
Oct-10
Nov-10
Dec-10
Jan-1
1
Feb-1
1
Mar-11
Apr-11
May-11
Jun-1
1Ju
l-11
Aug-11
Sep-1
1
Oct-11
Nov-11
Dec-11
Jan-1
2
Feb-1
2
Mar-12
Apr-12
May-12
Jun-1
2Ju
l-12
Aug-12
Sep-1
2
Oct-12
Nov-12
Dec-12
Jan-1
3
Feb-1
3
Mar-13
Apr-13
May-13
Jun-1
3
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
Total Foreclosure Filings (RealtyTrac) 30-Year Fixed Rate (Freddie Mac)
U S Foreclosures and Freddie Mac Interest Rate Data - (2005-2013)
THE BIG PICTURE – FORECLOSURE STARTS & COMPLETIONS
© 2013 Renwood RealtyTrac LLC
Nearly 10.5 million starts and 5.2 million
completions (REO) since January 2006
Jan-07
Mar-0
7
May-07
Jul-0
7
Sep-07
Nov-07Ja
n-08
Mar-0
8
May-08
Jul-0
8
Sep-08
Nov-08Ja
n-09
Mar-0
9
May-09
Jul-0
9
Sep-09
Nov-09Ja
n-10
Mar-1
0
May-10
Jul-1
0
Sep-10
Nov-10Ja
n-11
Mar-1
1
May-11
Jul-1
1
Sep-11
Nov-11Ja
n-12
Mar-1
2
May-12
Jul-1
2
Sep-12
Nov-12Ja
n-13
Mar-1
3
May-13
-
50,000
100,000
150,000
200,000
250,000
Foreclosure Starts (Default or Auction) Foreclosure Completions (REO)
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-13597030
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
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