SOTM 75: This Is Nothing Like the Last Foreclosure Crisis – PropertyRadar’s Sean O’Toole

Economists  expect to avert a foreclosure crisis comparable to that of ’08. On this State of the Market podcast with Sean O’Toole of PropertyRadar, we discuss why. Sean also shares foreclosure data and his expert opinion on what these numbers might mean for real estate in 2021. Listen and learn why we may not see a huge spike in foreclosures, how to combat current inventory challenges as a homebuyer, when mortgage rates will hit one percent, and so much more. Don’t miss it!

• About Sean O’Toole [1:50]
• The story of PropertyRadar [3:24]
• Indicators of a coming foreclosure crisis [4:56]
• The problem with adjustable-rate mortgages [10:03]
• Pre- and post-covid foreclosure numbers compared [13:20]
• Why we may not see a huge spike in foreclosures [16:14]
• How today’s regulatory environment could prevent a foreclosure crisis [21:15]
• Why banks stopped foreclosing on properties in Nevada [23:36]
• Sean’s thoughts on inflation [27:54]
• Why hyperinflation isn’t a legitimate concern yet [34:09]
• How to combat inflation by investing in real estate [36:42]
• When rates will hit one percent [41:14]
• How rising construction costs impact new developments [43:37]
• Technology’s insanely powerful deflationary effects [46:30]
• New data offerings coming to the PropertyRadar platform [52:54]
• The power of public records [55:39]
• Data points to consider for market predictions [58:14]
• The BIG change for foreclosure auctions in California [59:39]
• Consequences of the foreclosure moratorium [1:02:54]
• Sean’s thoughts on current property prices [1:05:04]
• Rental price predictions [1:07:32]
• Where to learn more about Sean and PropertyRadar [1:09:39]