KUOW ran a story a couple days ago that I would like to address here: Thousands Of Foreclosures Sit Off Market In Seattle Area The Seattle-area housing market could use an injection of inventory. It’s on a tear right now, fueled by high demand and low supply, and hooked on low-interest rates. And there is…
Tag: RealtyTrac
RealtyTrac “Vampire REO” Nonsense
Foreclosure tracking company RealtyTrac came out with an article a few days ago that’s making the rounds among various news outlets: Monsters of the Housing Market: Vampire REOs and Zombie Foreclosures Here’s an excerpt: Vampire REOs are bank-owned homes that are still occupied by the previous homeowner who was foreclosed on. On the surface these…
August Foreclosure Update (with Charts)
As a follow-up to last Friday’s foreclosure news, let’s take a look at a couple charts of local foreclosures. I contacted the folks at RealtyTrac to request historical foreclosure data for the Seattle area, and they were kind enough to provide me with their foreclosure data for King + Snohomish counties going back to April…
Seattle-Area Foreclosures Rising Rapidly
Right on schedule, as home price declines in Seattle really start in earnest, foreclosures begin to “soar.” Seattle-area foreclosures were up 54 percent in August from a year earlier, according to a new report. The area, defined as King and Snohomish counties, had 1,185 properties with foreclosure filings, up 15 percent from July, according to…
Foreclosures Up 41% YOY Around Seattle
Foreclosures in the Seattle area were up 41% year-over-year, according to a report from RealtyTrac. Seattle-area foreclosures continued to rise in July, according to a new report. The area, defined as King and Snohomish counties, had 1,030 properties with foreclosure filings, up 41 percent from a year earlier and 13 percent from June, according to…