Last year’s migration trend of Americans moving into markets with more affordable homes has had a positive effect on distressed property demand.
“First, 75 percent of properties brought to foreclosure auction on Auction.com between April 2020 and May 2021 sold to third party buyers on average in 26 counties with net migration increases of at least 10,000 people,” said Daren Blomquist, Auction.com VP of Market Economics.
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