Distressed Inventory Report 8-8-09
Well the numbers have climbed a little. From the table accessed from the link below you will see that the new notice of Trustee Sale jumped up to ten this week. The previous week was only two and the week before that was three. While volumes have been up prices have not increased enough to take care of the underlying debt. It looks like we will be stumbling along.
In addition the number of short sales on the MLS has climbed from 27 to 30.
I have posted the table in a link below. Next week there will be a month’s inventory and I will start graphing the numbers so you can see the trend visually. In addition the July numbers should be out Monday.