Where Are All These Foreclosure Listings?

I have several saved searches for a variety of different buyers looking in throughout the Twin Cities area for a new home in Minnesota. Right now there does not seem to be a lot of new listings coming out. There seems to be 4-5 buyers for every one good house. Sure there are the non desirable houses out there that no one wants. But homes that work for the typically FHA buyer there just are not that many.

So where are all the foreclosure listings? Some have been saying more listings are coming after the first of October. Is that enough time for the first time buyer credit?

If a BANK has a house to list now I would suggest they list it now. There are ready, willing and able buyers looking for a house NOW.

There are not even many short sales available. Most of these are listed ACTIVE in the MLS, but a call to the agent reveals they have an accepted offer subject to bank approval.

If you look at the papers you see all the notices in there (and there have been many pages full for several months), but when will those numbers match up with what gets listed?

Is October 1st the date we see a heavier listing load of REO come out? We will find out soon!