Distressed Inventory Report 12-11-10
The numbers keep creeping up and more listed bank homes are starting to make their way to the market. The interesting thing about this week’s numbers is that the NTS/Foreclosure ratio is moving higher. This means that the amount of foreclosed homes is decreasing and that there are more homes coming to the market with Notices of Trustee Sale (NTS). At the street level I am seeing this churning of inventory with the bank inventory being reduced and more short sales coming to the market. This market seems to be on a treadmill woth inventory being brought on at a fairly quick clip but opportunistic buyers seem to be picking it up.
The spreadsheet is here:Â Bellevue Foreclosure Report 12-11-10