Distressed Inventory Report 9-18-10
The amount of Distressed Inventory appears to be peaking. At some point time the Distressed Inventory needs to be wrung out of the system. Until the economy picks up it will take a while. What I am seeing is that the low end condominiums are generating a lot of the inventory and the pricing on those really seems to be getting hit. The better priced lower quality inventory in East Bellevue seems to be declining substantially.
The Spreadsheet is here: Bellevue Foreclosure Report 9-18-10