Inventory is already tight at the low-end, and now local investors and first-time home buyers are having to compete with large institutional funds. This is bad news for all of us little guys. The Wall Street Journal reports: “From the very beginning, we’ve thought of this as eventually becoming a public company,” says Justin Chang, [...]

Notices of Trustee Sales and Notices of Default fell dramatically from March to April as our shadow inventory recedes further into the darkness. Reduced foreclosure activity this Spring means there will be even fewer REOs for sale this upcoming Fall and Winter. Foreclosure Radar reports: California Foreclosure Activity: Alameda County Foreclosure Activity: Contra Costa County [...]

Foreclosure activity and inventory continued to decline in the Bay Area in February, according to data from ForeclosureRadar. It’s already March… anyone expecting a surge in foreclosures for sale in 2012 is going to be disappointed. It’s not going to happen. Alameda County Foreclosure Activity Alameda County Bank-Owned Inventory Contra Costa County Foreclosure Activity Contra Costa County [...]

Selling foreclosures in bulk to institutions is an example of crony capitalism at it’s worst. Keep in mind that our problem isn’t that selling homes locally and individually doesn’t work, it’s that Fannie Mae, Freddie Mac, the FHA, and TBTF banks simply haven’t been doing it. Diana Olick reports: The Obama administration, in conjunction with federal [...]

U.S. Foreclosure Market Report™ for the first quarter of 2011, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 681,153 U.S. properties in the first quarter, a 15 percent decrease from the previous quarter and a 27 percent decrease from the first quarter of 2010.