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Distressed Inventory Report 2-12-11
The numbers are still on the rise. In looking at the new inventory coming on there are more houses this week. Previously it was lower end condos. The number of listed short sales in South Bellevue took a jump this week and overall some of the new bank inventory is making it into the MLS. However the pricing on the... »
Distressed Inventory Report
It looks that the servicers are starting to get more active. The numbers are up for foreclosures and NTS. This is the firt "spike" that I have seen. The last weeks since the first of the year the numbers had been treading water going up or down a little bit. This week definetly is the first big uptick. Since the... »
Distressed Inventory Report 2-6-10
The beat goes on. This week distressed inventories rose in all areas. The hardest hit area was East Bellevue (EB). It is up to 132 homes from 123 last week and its NTS/Foreclosure ratio is approaching 1.5. The middle class keeps getting hammered. WB has a small increase from 51 to 53 and SB was up four homes from 55... »
Distressed Inventory Report 12-12-09
There is a definite trend developing. It is not dramatic but gradually creeping. The number of distressed properties overall continues to rise and the NTS/Foreclosure ratio is inching back up after declining for three months. The only MLS area whose NTS/Foreclosure ratio that is still under 1.00 is West Bellevue but it is also gradually creeping up. There is not... »
Distressed Inventory Report 12-5-09
The numbers are showing a definite up-tick in the amount of foreclosed inventories and the NTS/Foreclosed homes. East Bellevue as usual has some odd numbers. The amount of distressed homes rose to a high of 106 but the NTS/Foreclosed ratio fell to 1.00. However the overall amount of distressed homes is rising. West Bellevue held steady with 69 distressed homes... »
Distressed Inventory Report 11-21-09
The distressed inventory is still treading water with no real break out trend other than it appears the swimmer is starting to get tired. East Bellevue this week saw its overall inventory rise by one home to an all time of 100 homes which can be categorized as distressed. However its NTS/Foreclosure ratio fell to is lowest level of 1.0.... »