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Distressed Inventory Report 3-26-11
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... »
Distressed Inventory Report 3-19-11
The numbers finally ticked up a bit this week and there is more listed bank owned and short sale inventory coming to the market in the MLS. Other than West Bellevue the quality of the inventory is degrading and needs a lot work. Don't expect to get that new bank home that was avaialble last year. In fact there are... »
Distressed Inventory Report 1-1-11
Happy New Year. The report is attached below but a gradual decrese in inventory but not much to read into that. Really will not have a trend established until at least the end of January. However there is now a full year's worth of data. The year started out in week one of 2010 with a total of 217 homes which... »
Distressed Inventory Report 11-13-10
The numbers keep riding but the rate has slowed. The Notice of Trustee (NTS) is where most of the activity is occuring. In West Bellevue there was 5 new NTS in this week alone. This area had seen the least activity over the last few weeks. The other areas had a much more modest increase in inventory and NTS activity.... »
Distressed Inventory Report 10-23-10
The amount of Distressed Inventory keeps declining. The Notice of Trustee sales are seeing some very large week to week reductions. The issue is if this decline is the result of underlying market fundamentals or is because the banks have stopped processing foreclosures. First of all not thay many banks stopped processing and most of them have started processing foreclosures again including... »
Distressed Inventory Report 8-7-10
The numbers gradually keep creeping up, mainly the notices of trustee sale (NTS). On the surface for zipcoded 98007 there appears to be a large drop in the (NTS) but this is due to a condo project in the Crossroads area changing its status so that decrease is not a good indicator of the overall general trend. Basically the same... »