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Distressed Inventory Report 4-9-11
There is definitely a trend developing. There are very few foreclosed homes; just a net gain of one from the week before. But the number of homes posted with a Notice of Trustee Sale (NTS) is where all the action is and if you take a look at the numbers for West Bellevue you can see there was 10 new properties which... »
Distressed Inventory Report 4-2-11
Well the trend of the amount of distressed inventory appearing to be peaking was broken this weak.  This week the amount of distressed inventory jumped 15 homes from  311 to 326. However the most notable feature is that there were not many new foreclosed homes but a ton of homes that went Notice of Trustee Sale (NTS). If there was not... »
Distressed Inventory Report 3-12-11
Another downturn this week in the overall amount of distressed inventory. Generally it should be going up but it looks like a lot of things have worked through the system. Overall the amount of distressed inventory (Bank Owned Homes and Notice of Trustee Sales) is at 307. Down from its near term peak of 317 two weeks ago and down... »
Distressed Inventory Report 3-5-11
An unexpected surprise this week. The overall inventory of distressed homes dropped from 317 to 307. I was expecting a mild increase. In addition like last week there was a lot of turn over in the distressed inventory. As an example in MLS Area 530 there were four new Notices of Trustee Sale (NTS) but the overall inventory for the... »
Distressed Inventory Report 2-5-11
The numbers are finally climbing like they usually do this time of year. The Notice of Trustee (NTS) sales are up this week and appear not to be dropping or moving around like they have in the last few weeks. Compared to last year there were 244 distressed homes at this time of year but this year there are 290 homes.... »
Distressed Inventory Report 1-8-11
The numbers have started back up. West bellevue had a very large unexplained spike of foreclosed homes withe a jump from 15 to 28 in one week. In addition there was not new offsetting inventory to account for the spike. usually when a spike like this occurs there is a new construction project which has had some condominium units taken... »