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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 3-26-11
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 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... »