Distressed Inventory Report 5-1-10
Things seem to be churning. East Bellevue which saw its distressed inventory climbing saw another slight drop this week while West Bellevue had a jump up in both notice of trustee sales and foreclosed inventory. South Bellevue was holding steady but saw its foreclosed inventory reduced and the notice of trustee sales increase. Overall it looks like things are tending a little bit towards an increase in distressed inventory with the addition of the new notice of trustee sales. However it does look like the area which had seen a run up in distressed inventory, East Bellevue, has now peaked and is churning its inventory.
As I stated in my first of the year predictions I thought we would end 2010 on an up note but that first we had to work through those people who had drained their resoruces hanging on and that we would see some downward movement. I think that is what we will see the next three months a gentle rise in distrssed inventory and a peak in September. Let’s see if that happens.