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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 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 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 1-29-11
Well it is finally happening the amount of distressed inventory is starting to increase but a slower rate than last year if look at spreadsheet. I thought it would have started ticking up sooner. Wgat you can't see is what price ranges the distressed inventory is coming from and it is either very high or very low. Hardly any mid-range... »
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... »
Distressed Inventory Report 12-18-10
I am finally getting caught up on my posts. The storyu here is the decline in distrssed inventories bot listed and unlisted. The listed inventories experinced a surge of sales this last week before Christmas. It will be interesting to see what activity the first of the year brings. Generally foreclosure activity at the larger institutions slows down this time... »