Distressed Inventory Report 3-26-11

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It looks like the numbers are peaking. Down slightly this week. Again, I can’t emphasize this enough, the new inventory coming on is mostly junk. If you want a great deal on a fixer in Lake Hills then you have bank inventory to look at but if you want a nicer newer home then you are out of luck. Your best shot at that type of home is a short sale. The lack of better bank inventory and reduced inventory overall has caused a little bump in values if you look at the weekly Altos graphs. The local economy is good and combined with reduced inventories overall and fewer distressed sellers it looks like a solid bottom is forming until the government screws something up again.

The spreadsheet is here: Bellevue Foreclosure Report 3-26-11

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