The housing market is waving a red flag

Screen Shot 2016-07-15 at 6.47.37 AMBy Michelle Jamrisko | Bloomberg

Almost nine years after the housing-market bust helped trigger the most recent recession, RealtyTrac senior vice president Daren Blomquist sees the industry waving a red flag.

The same fervent speculation that abetted the housing bubble is showing up in the bloated share of foreclosures snapped up by third-party investors at auction — a record 31 percent in June, according to RealtyTrac data that starts in 2000.

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