Archive for August, 2009

HomeGain Releases 3rd Qtr Illinois Home Prices Survey

Earlier this week, HomeGain, the first website to provide free instant home values, released the national and regional results of our  home prices survey of nearly 1,100 current and former HomeGain members. The survey asked their opinions on home prices and of  Obama’s performance as President. On this real estate blog we published the complete national and regional third quarter results.

Earlier this week we published the results of the California home prices, Texas home prices , Florida home prices surveys. Yesterday  we published the Massachusettes home prices survey data, the  New York home prices surveydata, the New Jersey home prices survey data and the North Carolina home prices survey data.

Today we are releasing the Illinois home prices survey data.

The Illinois survey data shows a sharp increase in the percentage of sellers who believe that their homes should be priced higher than the Realtor recommended listing price.

In the first quarter Illinois home values survey, 51% of home sellers believed their homes should be priced 10-20% higher than than the Realtor recommended listings price and 21% thought their homes should be priced 21-30% higher. In the second quarter Illinois home prices survey, 37% of home sellers thought their homes should be priced 10-20% higher and only 6% thought their homes should be priced 21-30% higher.  The second quarter drop in Illinois home owners’ pricing expectations was temporary. In the third quarter 53% of home sellers in Illinois believe their homes should be priced 10-20% higher and 11% believe they should be priced 21-30% higher (see question 2).

Illinois home buyers also changed their views on home prices. In the current survey a greater percentage of home buyers (40%) thought home prices were over valued by 10-20% than thought so in the second quarter (33%) and a lower percentage now think homes are fairly priced (15%) than thought so in the second quarter (18%) (see question 3).

Illinois Realtors were slightly more optimistic on the direction of home prices in the third quarter. Fifty-seven percent of Illinois realtors expect home prices in their state to remain the same or increase over the next six months vs. 51% who thought the same in the second quarter (see question 6).

Illinois Realtors continued to give President Obama an overall negative approval rating. In the second quarter the former Illinois Senator received an approval rating of 46%. In the third quarter the President’s approval rating among the The Prairie State’s surveyed Realtors dropped to 36% (see question 9).

Set forth below is the first, second and third quarter Illinois home prices data with the national data in parenthesis: Illinois (National)

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Posted by: Louis Cammarosano on August 27th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls

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HomeGain Releases 3rd Qtr North Carolina Home Prices Survey

Earlier this week, HomeGain, the first website to provide free instant home values, released the national and regional results of our  home prices survey of 1,084 current and former HomeGain members. The survey asked their opinions on home values and of Barack Obama’s performance as President. On this real estate blog we published the complete national and regional third quarter results.

Earlier this week we published the results of the California home prices, Texas home prices and Florida home prices surveys.

Today we published the Massachusettes home prices survey data ,the  New York home prices survey and the New Jersey home prices survey data.

Today we are releasing the North Carolina home prices survey data.

According to the home values survey, North Carolina home owners are back to thinking their homes are worth more than their Realtors recommend. In the first quarter survey 63% of North Carolina home owners believed that their homes were worth 10-20% higher than the Realtor recommended listing price. That percentage dropped to 27% in the second quarter North Carolina home prices survey and has risen to 32% in the current survey. Forty-eight percent of North Carolina home owners now believe that their homes should be priced 1-9% higher than the Realtor recommended listing price up from 20% in the second quarter. (see question 2).

North Carolina buyers views on home prices remained relatively unchanged from the second quarter North Carolina home prices survey. The majority of home buyers in the Tar Heel State believe homes are either fairly priced or withing 10% of the asking price. (See question 3)

The percentage of North Carolina Realtors that think home prices will decrease, ticked up in the third quarter with 32% thinking that home values will decrease in the next six months, vs. 22% who thought the same in the second quarter. (see question 6)

Sixty-two percent of North Carolina Realtors surveyed disapproved of Obama’s performance as President vs. 58% of surveyed Realtors nationally.

Set forth below is the first, second and third quarter North Carolina home prices survey data with the national data in parenthesis:

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Posted by: Louis Cammarosano on August 26th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data

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HomeGain Releases 3rd Qtr New Jersey Home Prices Survey

On Monday, HomeGain, the first website to provide free instant home values, released the national and regional results of our  home prices survey of 1,084 current and former HomeGain members. The survey asked their opinions on home prices and what they thought of  Obama’s performance as President. On this real estate blog we published the complete national and regional third quarter results.

Earlier this week we published the results of the California home prices, Texas home prices and Florida home prices surveys.

Today we published the Massachusettes home prices survey data and the  New York home prices survey data.

Today we are releasing the New Jersey home prices survey data.

The New Jersey survey data shows that  homeowners in the Garden State have increased their  pricing expectations with 57% of New Jerseyhome owners believing their homes should be priced 10-20% higher than their Realtors’ recommended listing price vs. 27% who thought the same in the second quarter New Jersey home prices survey. (see question 2).

Fifty-nine percent of  New Jersey home buyers saw homes as overpriced by 10-20% vs. 34% of home buyer who thought so in the second quarter survey.  Only 8% of New Jersey home buyers think homes are fairly priced vs. 23% who thought so in the second quarter ( see question 3).

Thirty-two percent of New Jersey Realtors now believe that home prices will decrease in the next six months vs. 27% who so believed in the second quarter. Only 11% believe home prices will increase in the next six months vs. 20% who so believed in the second quarter survey. (see question 6)

More than half of New Jersey Realtors surveyed aprove of Obama’s performance as President (vs. 42% nationally) mostly unchanged from the second quarter survey, although Realtors “strongly disapproving” of Obama’s performance rose from 20% in the second quarter to 32% in the current survey.

Set forth below is the first, second and third quarter New Jersey home values data with the national data in parenthesis: New Jersey/ (National) Continue reading this post

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Posted by: Louis Cammarosano on August 26th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls

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HomeGain Releases 3rd Qtr New York Home Prices Survey

On Monday, HomeGain, the first website to provide free instant home values, released the national and regional results of our  home prices survey of 1,084 current and former HomeGain members. The survey asked their opinions on home prices and what they thought of Barack Obama’s performance as President. On the HomeGain real estate blog we published the complete national and regional third quarter results.

Earlier this week we published the results of the California home prices, Texas home prices and Florida home prices surveys.

Today we published the Massachusettes home prices survey data and today we are also releasing the New York home prices survey data.

The New York survey data shows an increase in home owners’ pricing expectations with 42% of New York home owners believing their homes should be priced 10-20% higher than their Realtors’ recommended listing price vs. 36% who thought the same in the second quarter New York home prices survey. (see question 2).

Conversely,  New York home buyers saw homes  as less fairly valued in the third quarter than they did in the second quarter with only 14% of home buyers in the Empire State believing homes were fairly valued vs. 21% who so believed in the second quarter. ( see question 3)

An increasing percentage of New York Realtors believe that home prices will decrease in the next six months. Thirty-three percent of New York Realtors surveyed thought home values would decrease in the coming six months vs. 24% who thought the same in the second quarter survey. (see question 6)

Fifty percent New York Realtors approve of Obama’s performance as President (vs. 42% nationally). Obama’s current approval rating in New York is down from 54% in the second quarter.

Set forth below is the first, second and third quarter  New York home prices data with the national data in parenthesis: Continue reading this post

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Posted by: Louis Cammarosano on August 26th, 2009 under Home Values, HomeGain, HomeGain Market Data, Polls

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HomeGain Releases 3rd Qtr Massachusetts Home Prices Survey

On Monday, HomeGain,  the first website to provide free instant home values, released the national and regional results of our Realtor home prices survey of nearly 1,100 current and former HomeGain members. The survey asked their opinions on home values and what they thought of President Obama’s performance as President. On this real estate blog we published the complete national and regional third quarter results.

Earlier this week we published the results of the California home prices, Texas home prices and Florida home prices surveys.

Today we are releasing the Massachusetts home prices survey data.

In the third quarter, Massachusetts Realtors surveyed believe that home owners in thier state have sharply increased their home price expectations with 47% of Bay State home owners thinking that their homes should be prices 10-20% higher than their Realtors’ recommended listing price. This is up from 31% in the second quarter Massachusetts home prices survey. (see question 2)

Home buyers disagree! Just 6% of home buyers think homes are fairly priced in Massachusetts vs 31% who thought so in the second quarter. Indeed 65% of home buyers now believe that Massachusettes homes are over priced by 10-20%  vs just 35% who thought so in the second quarter. (see question 3)

In spite of this seemingly contradictory data, 76% of Massachussetts Realtors believe home prices will rise or stay the same over the next six months vs 66% who thought the same in the second quarter. (see question 6)

Massachussetts Realtors surveyed continue to support President Obama with an approval rating of 59% (vs a 42% national average among Realtors surveyed). In the second quarter Obama’s approval rating among Massachusetts Realtors stood at 65% (vs. 58% nationally)

Set forth below is the first, second and third quarter Massachusetts home prices survey results with the national data in parenthesis:

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Posted by: Louis Cammarosano on August 26th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data

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HomeGain Releases 3rd Qtr Texas Home Prices Survey

Yesterday, HomeGain, the first company to provide free instant home valuations online, released the national and regional results of our third quarter home prices survey of nearly 1100 HomeGain current and former members. The survey asked their opinions on real estate values and what they thought of President Obama’s performance as President. On the HomeGain blog we published the full survey results.  Yesterday, we published the results of the third quarter California home prices survey

Today, we published the results of the third quarter Florida home prices survey and below the Texas home prices survey.

The national results of the first quarter survey of Realtors on home values painted a very pessimistic picture. The 1st quarter Texas survey data, however, revealed far less pessimism.  In the second quarter the national results indicated some improvement in the housing market, while Realtors in Texas believed their markets to be relatively stable

In the third quarter Texas home owners reduced their valuation expectations. Seventy-three percent of Texas homeowners in the third quarter believed their homes were worth either what their Realtors recommended or within 1-9% higher or lower vs. 45% who believed the same in the second quarter. (see question 2)

In the second quarter 49% of Texas home owners according to Texas Realtors believed their homes to be worth 10-30% higher than their Realtors’ recommended listing prices vs. just 23% of Texas home owners who in the third quarter survey believed their homes were worth 10-20% more than their Realtors’ recommended listing price. (see question 2)

Forty-six percent of home buyers in Texas now believe that home prices are over valued by less than ten percent vs. 27% who so believed in the second quarter Texas home prices survey. In the second quarter, thirty-two percent of Texas home buyers believed that home prices were over valued by 10-20% vs.  12% who now believe the same. (see question 3)

Forty-three percent of Texas Realtors now believe home values in their state will increase over the next six months vs. 24% who so believed in the second quarter. Seventeen percent of Texas Realtors realtors believe that home prices will decrease over the next six months vs. 24% who so believed in the second quarter. (see question 6)

In a dramatic divergence from the national results, President Obama’s approval rating among Texas Realtors came in at just 28% (vs. 42% nationally) with 60% of Texas Realtors “strongly disapproving” and 12% “somewhat disapproving” of the President’s performance. (see question 9)

Set forth below is the first, second and third quarter Texas home prices data  with the national data in parenthesis:

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Posted by: Louis Cammarosano on August 25th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls

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