Distressed Inventory Report 7-17-10
The numbers keep climbing. The foreclosures are basically holding steady but the Notie of Trustee Sale keeps rising. Not at the same rate as the last few weeks but the trend is up and shows no sign of turning around although the upward rate has slowed down. Again the gap between the listed inventory and the actual inventory is very large. Altough sale volumes remain steady increasing inventory, especially distressed inventory will keep downward pressure on prices.
The spreadsheet is here: Bellevue Foreclosure Report 7-17-10