The statistics are in for the last quarter of 2008. In this post we will look at the last four years and see what they show us.
Below is a graph of the last four years. You can see that 2008 continued to have large swings up and down. The three hundred mark continued to be approached and even surpassed, but not sustained.
Following is a graph is the average monthly number of notice of trustee sales for each year, 2005, 2006, 2007, and 2008. As you can see, the statistics were reasonably stable in 2005 and 2006, hovering around 70 to 75 per month.
Then, in 2007 they doubled. And, in 2008, they doubled again.
The business activity in this office was at a near stand still for the entire fall quarter of 2008. Then, just at the end of December, activity welled up. There is now a great deal of activity in both the sales and refinance categories. Hopefully the money you and I lent the banks via the Federal Treasury Department is flowing through the system and fanning the flames of business and personal desires. Interest rates are very low, but that would not make a difference if there were no money to lend.
Pacific West Appraisal Services, Inc.