Distressed Inventory Report 12-26-09
This weeks Distressed Inventory Report will be a bit of a cut and paste job since I forgot to get the files from my computer at home. I am enjoying a little skiing and winter activity for this week. However I did do some cutting and pasting and did put last week’s numbers with this week’s numbers along with the numbers for October 17th for contrast. You can see the trend of the foreclosures peaking last week. However in October you can see lower inventories but the NTS/Foreclosed ratio was much higher showing an accurate predictor of increasing distressed inventory.
However the next four weeks will be critical. The numbers for foreclosed homes lag by two to three weeks for foreclosed homes since the service I use only shows the foreclosures after the Trustee Deed’s records. That can take two to three weeks from the time the Trustee sale actually occurs. The reason this is important is that the Trustee sales occur on Friday. This last Friday and this coming Friday there were no Trustee sales due to the Christmas and New Years holidays occurring on Fridays. The result will be that you will probably see the number of foreclosed homes going down in the first part of January and then a spike in the first part of February. However in the immediate term it looks like the amount of distressed inventory is in a “trading range”. Sales remain robust and it needs to be seen next year if the rate of sales can keep pace with the rate of foreclosures.
 Click here for the spreadsheet: Bellevue Foreclosure Report 12-26-09