Gary Stapp Weblog

THINGS STILL GETTING WORSE AROUND HERE    DATED  12/12/09

I've been telling you for years that we are always the last ones to go up in price and the last ones to go down, now let me prove it. The FORECLOSURE FILINGS for November were down 15% from October NATIONWIDE. Good news??? Not just yet.....While the rest of the Country basked in that 15% improvement, Washington State only improved 1.5% in the same period. While that still sounds like an improvement STATEWIDE......it's a long way from better for us. FORECLOSURE FILINGS IN KING COUNTY ACTUALLY INCREASED BY 25% from October to November. We currently rank 28th in States for forclosure rankings, but that 25% monthly gain in KING COUNTY sets us right at the top of the list for increasing foreclosure filings in a metropolitan area, which obviously keeps setting us up for lower and lower prices.