Saturday, August 11, 2007

15,108 Homes Offered For Sale on Countrywide Financial's Website

Total REO Asking Price: $2,707,749,339
(As of August 11, 2008)



Source: http://www.countrywide.com/purchase/f_reo.asp

Click on state below for detailed listings.

State Count Total Asking
Price($)
Average Asking
Price($)
AK071,470,300210,043
AL14316,982,348118,758
AR383,399,90089,471
AZ722131,961,160182,772
CA3,738916,042,431245,062
CO20941,664,784199,353
CT15626,734,199171,373
DC215,929,899282,376
DE233,659,900159,126
FL1,839340,637,706185,230
GA69484,196,986121,321
HI4015,085,700377,143
IA394,554,700116,787
ID5114,928,850292,723
IL709103,819,667146,431
IN28717,334,30260,398
KS485,233,767109,037
KY887,388,64883,962
LA475,571,300118,538
MA25141,081,675163,672
MD28074,116,611264,702
ME171,782,300104,841
MI1,10289,247,75580,987
MN46470,613,256152,184
MO22020,631,72093,781
MS9010,899,762121,108
MT081,775,200221,900
NC16128,851,798179,204
ND02159,80079,900
NE152,068,500137,900
NH8114,693,549181,402
NJ19042,138,261221,780
NM264,192,500161,250
NV488101,698,800208,399
NY16939,944,291236,357
OH39725,314,92563,766
OK544,812,60089,122
OR7218,353,500254,910
PA13317,313,336130,175
RI9115,052,199165,409
SC9513,913,563146,459
SD08848,300106,038
TN26026,718,111102,762
TX59282,695,449139,688
UT4817,368,200361,838
VA631147,276,989233,403
WA11731,779,300271,618
WI11611,177,45696,357
WV294,323,286149,079
WY02309,800154,900
Total15,1082,707,749,339166,896









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Wednesday, August 8, 2007

Experian: Fifty Percent of Consumers Are Uncomfortable Making a Major Purchase in the Next Three Months

According to the latest Experian-Gallup Personal Credit Index consumers don't plan on making any significant purchases (homes, cars, plasma TV's, granite countertops, etc...) any time soon. What's interesting to note about this survey is that consumer credit perceptions have been negatively impacted by the subprime mortgage fallout along with rising foreclosures, and the recent spike in long-term interest rates.

From Experian: “Key results on consumer attitudes toward the mortgage market include:

* 58 percent believe the problems in the subprime mortgage market will affect the overall mortgage market, while 24 percent feel the problems will be contained.
* 61 percent of consumers who are very familiar with subprime mortgage loans believe the problems in the subprime mortgage market will spill over into the overall mortgage market.
* 55 percent believe the federal government should pass new legislation helping subprime borrowers keep their homes and avoid foreclosure.

Overall, about 52 percent of consumers surveyed feel the average price of homes in their area will increase over the next year, while 29 percent believe prices will remain about the same. Eighteen percent of consumers expect that prices in their area will decrease.

Among homeowners, 50 percent believe that average prices will increase, while 32 percent feel they will stay about the same.” read full article >>

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