It is pretty standard that Real Estate market slows down during holidays. Even foreclosures tend to be slow and it is no different this year. With the exception of a small increase in Nevada and Washington and Arizona, the trend is uniformly slower. This happens after a drop seen in October.
It is important to note that 3rd party (investors) sales have consistently been increasing over last few years with Arizona and Nevada leading the fileld at 101.6 and 79.9 percent respectively. Other states reporting this type of increase are California at 29.4% and Washington at 6.7 %.
FORECAST : Be prepared for a spurt in California Foreclosures during January-March 2012, given that Notice of Trustee Sale filings rose 34.7 percent from October to November in California. The increase came primarily from filings by Bank of America (up 52 percent) and Wells Fargo (up 23 percent).
Sunny Bali . Realtor/Broker
AP CAPITAL , San Francisco