Posted by: The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

One response to “Foreclosures Edged Up In July”

  1. softwarengineer

    Month to Month Trending is Usually Irrelevent

    But what I and other Bubbleheads wonder about is the real “bank” inventory of these type of homes that’s possibly cumulated over the years too but not listed.

    I know foreclosures make up a small percentage of all homes, so what. The homes available for sale at anytime is a small percentage too. I’ve watched a “bank owned” home in my neighborhood just sit there unlisted for a couple years….looks like they’re finally repairing it for listing. Is this snapshot in time irrelevent? Its just as irrelevent as saying foreclosed homes that sit unlisted forever don’t matter.

    Rate this comment: Thumb up 2

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