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Weekly Scorecard 3-1-10
There are two news worthy items to report. The first is that the overall volume of sales and pending sales is very high. The sales and pending sales being reported now occured in January. The other big newsworthy item is that inventories remain low. I thought you would see inventories spike up but it appears there is not a lot... »
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 1-30-10
The trend continues. East Bellevue (EB) had a big jump in overall distressed inventory which went from the 113 homes the week before to 123 homes this week. This week alone there were 8 new Notice of Trustee Sale (NTS) alone. It does look like the lenders are getting geared up to take these homes back. South Bellevue (SB) also... »
Distressed Inventory Report 1-23-10
Like last week the numbers keep creeping up. The interesting area though is West Bellevue (WB). It saw no increase in foreclosures and the number of Notice of Trustee Sales (NTS) declined. As we have discussed before a lot of the distressed inventory was new construction in WB and that has been cleaned out. I think that... »
Distressed Inventory Report 1-2-10
As we discussed last week things are pretty much in a holding pattern. Trustee Sales will not start occurring again until this Friday, January 8th, so you will probably see the number of foreclosed homes drift down for the next two or three weeks. Remember it takes two to three weeks for the Trustee's Deed to record and get in... »
Distressed Inventory Report 12-26-09
This weeks Distressed Inventory Report will be a bit of a cut and paste job since I forgot to get the files from my computer at home. I am enjoying a little skiing and winter activity for this week. However I did do some cutting and pasting and did put last week's numbers with this week's numbers along with the... »