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Wednesday, April 29th, 2009 at 8:22 AM

Foreclosures Coming Yet?

A good way to track foreclosure activity is to monitor the same four REO listing agents over time.  If the flood gates open, they’ll be the first to feel it.

Here are their numbers today – it looks like we’re going backwards:

APR 18, 2008 – 467 Actives/247 Pendings = 1.89

MAR 9, 2009 – 223 Actives/223 Pendings = 1.00

APR 28, 2009 – 140 Actives/199 Pendings = 0.70

I haven’t had any assigned to me since the first week of February.

Posted on Wednesday, April 29th, 2009 at 8:22 AM in Foreclosure Count, Foreclosures/REOs | 5 Comments » | Print Print You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Reader Comments: 5 Responses

  1. It’s no fun to be a buyer now. Everywhere you look there are tons of short sales with multiple lenders that have slim to no chance of agreeing on anything. Even if you do happen to land a deal, you still have to worry about the other shoe waiting to drop with all of the shadow inventory just sitting out there.

    Doofensmirtz | April 29th, 2009 at 8:29 am

  2. Shouldn’t it take a couple of months for the moratorium effect to wear off?

    NateTG | April 29th, 2009 at 8:56 am

  3. I see NODs conitnuing to trickle in and I see foreclosure dates being scheduled on the NODs from January. Haven’t seen any foreclosure dates from February yet.

    j | April 29th, 2009 at 4:25 pm

  4. I hate banks! Leeches on society.

    shadash | April 29th, 2009 at 5:42 pm

  5. I think the big flood will be this fall.

    Geotpf | April 30th, 2009 at 7:17 am

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