580: BiggerNews March: How a Surge of Foreclosures Will Impact the Housing Market w/Auction.com’s Daren Blomquist

<p>The word “<strong>foreclosure</strong>” is forever stained in the minds of almost every American who lived through <a href="https://www.biggerpockets.com/blog/7-lessons-08-recession-apply-today" rel="noopener noreferrer" target="_blank">the <strong>great recession</strong></a>. News stories in 2010 would talk about the slew of families that had been foreclosed on, with big banks taking back property from a significant number of former homeowners. Fast forward twelve years and many <a href="https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide" rel="noopener noreferrer" target="_blank"><strong>real estate investing</strong></a><strong> fortunes </strong>have been made on the backs of foreclosure sales. Is this chance coming back once again in 2022?</p><p>Joined with us today for this month’s BiggerNews is the <strong>David Greene</strong> and <strong>Dave Meyer</strong> duo plus special guest, <a href="https://www.linkedin.com/in/daren-blomquist-7b775a6/" rel="noopener noreferrer" target="_blank"><strong>Daren Blomquist</strong></a>, VP of Market Economics at <strong>Auction.com</strong>. Daren knows the foreclosure market inside and out, spending his days studying and analyzing housing market data. With the newest<strong> “surge” in foreclosures</strong>, Daren is here to quell the mind of investors who are either hoping for (or dreading) another <a href="https://www.biggerpockets.com/blog/foreclosure-crisis" rel="noopener noreferrer" target="_blank"><strong>foreclosure crisis</strong></a>.</p><p>Back in early 2020, the US government imposed a <strong>foreclosure moratorium</strong> and a <strong>nationwide forbearance program</strong>, allowing citizens to hang on to their homes a little longer. As the economy shifts back into gear, and the moratorium ending,<strong> will we see a surge in foreclosures? </strong>Or, has price appreciation gifted so many homeowners with equity that foreclosures aren’t even on the horizon? Whatever the answer is, Daren can help you, the investor, pl