Distressed Inventory Report 8-22-09
Overall there was a gradual reduction in overall inventory. Foreclosed homes did increase to 21 the most since this Report was instigated. The “Notice of Trustee Sale” declined to 65 the lowest number yet. It appears that some of the short sales are closing.
The MLS inventory inched up gradually with listed forclosed homes going up to 4 and the short sale inventroy held steady at 34. I think we will see more bank owned homes and short sales coming to the market as lenders look to sell this inventory.
Attach to the link below for the spreadsheet. I revised the ratios so they look different. Basically as the number gets smaller on the trustee sale/foreclosed ratio it indicates overall a stabilizing or improving situation. The other way I had the ratio it was counter intuitive as the number got bigger the situation it appeared the situation was detriorating when the exact opposite is true. East Bellevue Foreclosure Report 8-22-09