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Distressed Inventory Report 8-12-10
The news this week is that distressed inventory appears to be peaking or else the lenders are on vacation and not processing the new defaults. We will know more by the end of September when they return from vacation. This is not a joke as the case loads are so high that work cycles are as important as market cycles. ... »
Distressed Inventory Report 7-31-10
The overall rate of the distressed inventory increase appears to be slowing. The number of bank owned homes are down a little and in East Bellevue there actually was a small overall decline in distressed inventory. The Notice of Trustee Sales (NTS) keep rising and in zip code 98008 there were 5 notices alone. Most of the foreclosure and short sale... »
Distressed Inventory Report 7-17-10
The numbers keep climbing. The foreclosures are basically holding steady but the Notie of Trustee Sale keeps rising. Not at the same rate as the last few weeks but the trend is up and shows no sign of turning around although the upward rate has slowed down. Again the gap between the listed inventory and the actual inventory is very... »
Distressed Inventory Report July 3, 2010
The numbers keep rising. Not as dramatic as last week but definetly the trend continues to see the amount of distressed inventory increasing especially the Notice of Trustee sales. It looks like the lenders have geared up and made the decision to start foreclosing. The most notable trend not showing in the numbers is the average price of the homes... »
Distressed Inventory Report 6-26-10
The Notice of Trustee Sales (NTS) keep climbing. This week saw the largest increase in distressed inventory so far. It looks like the lenders are moving more aggresively to foreclose. The main charaterstic of the increases this week is that they occured on individual single family homes not on builder projects as occured on the big increase in inventory previously.... »
Distressed Inventory Report 4-17-10
Last week there was a spike in distressed inventories but this week it looks like they have pulled back a little. There were a couple of more short sales in West Bellevue but overall things look even or trending down. What is interesting this week was the NTS/Foreclosure ratio. This week all ratios took a bigger drop down to one.... »