Daren Blomquist: Rethink your post-pandemic benchmarks

This week on the Power House podcast, Diego sits down with Daren Blomquist, VP of Market Economics at Auction.com. Daren is a friendly face to many of you, and was last on the show in early 2023 to discuss his 2023 forecast. He’s joining us again to talk about what he expects to see in the market post-election and into 2025. He and Diego talk about a potential market uptick as rates stabilize, how the mortgage rate lock-in effect is still impacting low inventory across the nation, and Auction.com’s plan to expand into non-foreclosure property sales. Here's what you'll learn: We’ll see a ‘Trump bump' in housing data. The certainty of the election results will encourage market activity. The current bidding activity indicates a sluggish spring market. The lock-in effect is keeping inventory low across the country. Auction.com is seeing interest from sellers outside of traditional foreclosure. Many sellers are turning to auctions as a viable selling option. Related to this episode: Foreclosures expected to grow slowly to end 2024: Auction.com | HousingWire Daren Blomquist LinkedIn Auction.com HousingWire | YouTube Enjoy the episode! The Power House podcast is a show about leadership, markets and entrepreneurship in the housing industry. Each Thursday, Diego Sanchez speaks with CEOs, founders, and executives from the mortgage and real estate sector to reveal how housing executives think about business growth, operational strategy, and leadership. The Power House podcast reveals the full picture through the stories of the industry’s most impactful leaders.  Diego Sanchez is the president of HousingWire, and the Power House podcast is produced by HousingWire’s Content Studio. Initially launched in 2019 as the Housing News podcast, the show was relaunched as Power House in 2024.