local real estate news, statistics, and commentary without the sales spin.
With the month of September now in the history books, let’s have a look at our stats preview. Most of the charts below are based on broad county-wide data that is available through a simple search of King County and Snohomish County public records. If you have additional stats you’d like to see in the…
A number of you took issue with my data-backed claim that foreclosures are proceeding in a normal, orderly fashion and shadow inventory is a non-issue in the Seattle area. Your main objection seems to be based on a belief that there are large numbers of homes with mortgages that the borrower has stopped paying months…
For some reason, a couple weeks ago the Seattle Times website featured a syndicated article about RealtyTrac’s “Vampire REO” nonsense, which in addition to being a completely worthless bit of non-news, was already weeks old when it appeared on the front page of the Seattle Times website. In the comments to the article I did…
It’s time for our detailed look at September’s foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: September 2013 King: 570 NTS, down 32% YOY Snohomish: 311 NTS, down 34% YOY Pierce: 425 NTS, down 35% YOY The number of trustee sale notices decreased month-over-month in all three…
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…