Last week,  HomeGain, the first company to provide free online instant home valuations, released the second quarter results of our nationwide survey of over 900 HomeGain current and former members and 3,500 home owners. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President. On this blog we published the complete 2nd quarter 2010 national results as well as the complete 2nd quarter 2010 regional results, including commentary from real estate agents and brokers.

We also have  released the second quarter 2010 California home prices survey the second quarter 2010 Florida home prices, the second quarter 2010 Texas home prices survey and the  second quarter 2010 New York home prices survey results.

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

The New Jersey survey data shows that Garden State homeowners’ pricing expectations remained relatively unchanged since the first quarter  with39% believing their homes should be priced 10-20% higher than their Realtors’ recommended listing price vs. 42 % in the first quarter 2010 New Jersey home prices survey; vs. 41% in the fourth quarter 2009 New Jersey home prices survey and vs 57 % who believed so in the third quarter 2009 New Jersey home prices survey and 27% who thought the same in the second quarter 2009 New Jersey home prices survey. (see question 2).

Thirty-six  percent of New Jersey home buyers saw homes as overpriced by 10-20% vs. 44%of home buyers who thought so in the first quarter of 2010 vs 54%  who thought so in the fourth quarter of 2010 vs. 59% of home buyers who thought so in the third quarter of 2010 and vs. 34% of home buyers who thought so in the second quarter of 2010. Eighteen percent of  New Jersey home buyers think homes are fairly priced vs. 12% who thought so in the first quarter of 2010 vs. 9% who thought so in the fourth quarter of 2009  vs. 8% in the third quarter of 2009 and 23% in the second quarter of 2009 ( see question 3).

Fifty percent of New Jersey agents and brokers now believe that home prices will decrease in the next six months vs. 44% who so believed in the first quarter of 2009 vs. 50%  in the fourth quarter of 2009 vs. 32% in the third quarter of 2009 and 27% in the second quarter of 2009. Only 9% believe home prices will increase in the next six months vs. 11% who so believed in the fourth quarter survey. Only 4% of New Jersey agents and brokers believe that home prices will increase in the next six months.

New Jersey home owners are more optimistic about the direction of home prices in their state with 29% of them thinking that their homes will appreciate in values in the next six months and47% thinking they will stay the same. (see question 6)

Forty-six percent of New Jersey agents and brokers surveyed approve of Obama’s performance as President (vs. 35% nationally) down from 50% who approved in the first quarter.Forty-seven percent of New Jersey home owners surveyed approve of Obama’s performance. (see question 10)

Set forth below is the agents and brokers second quarter 2009 and 2010 New Jersey home prices data and the national second quarter 2010 data, Also set forth below for selected questions is the home owner response data for the second quarter of 2010. Click on each question to see complete results:

1. Have home prices increased, decreased or stayed the same in the last year?
2. On average, what do homeowners believe that their home is worth?
3. How do buyers feel that homes for sale are priced?
4. What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
5. What is the average difference in price between what a home is listed at and what a home sells for?
6. In the next six months, will the values of homes in your market increase, decrease or stay the same?
7. What percentage of homes for sale are foreclosures in your area?
8. What is the average home price in your area?
9. What percentage of your clients are first-time buyers?
10. How do you think Barack Obama is performing in his role as President?

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Earlier this week, HomeGain, the first company to provide free online instant home valuations, released the second quarter results of our nationwide survey of over 900 HomeGain current and former members and 3,500 home owners. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President. On this blog we published the complete 2nd quarter 2010 national results as well as the complete 2nd quarter 2010 regional results, including commentary from real estate agents and brokers.

Yesterday we released the second quarter 2010 California home prices survey results and today we published the  results of the second quarter Florida home prices survey.

The Texas results reflect a more optimistic view of the direction of home prices in the Lone Star State than in the rest of the country. Thirty-three percentage of surveyed real estate agents and brokers believe that home values will increase in their state vs. 20% of agents and brokers nationally who believe the same. (see question 6)

Thirty percent of Texas home owners think that home prices will rise in the next six months and 50% believe they will stay the same.

Texas home owners increased their valuation expectations in the current survey with 92% believing that their homes were worth more than their Realtors’ recommended listing price. In the first quarter that percentage was 75%. (see question 2)

Sixty-seven percent of Texas home buyers believe that home prices are over priced vs 61%% who thought so in the first quarter 2010 Texas home prices survey. More telling was the percentage of Texas home buyers that currently believe that homes are over priced by 10-20%. In the second quarter 31% so believed vs. 14% who so believed i n the first quarter 2010 Texas survey.  (see question 3)

President Obama’s approval rating among Texas Realtors dropped to 30%, down from 42% in the first quarter of 2010. In the current survey 54% “strongly disapproved” of the President’s performance and 16 “somewhat disapproved”. (see question 10)

Set forth below is the first quarter 2009 and 2010Texas home prices data with the first quarter 2010 national data: (click on each question to see complete results):

1. Have home prices increased, decreased or stayed the same in the last year?
2. On average, what do homeowners believe that their home is worth?
3. How do buyers feel that homes for sale are priced?
4. What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
5. What is the average difference in price between what a home is listed at and what a home sells for?
6. In the next six months, will the values of homes in your market increase, decrease or stay the same?
7. What percentage of homes for sale are foreclosures in your area?
8. What is the average home price in your area?
9. What percentage of your clients are first-time buyers?
10. How do you think Barack Obama is performing in his role as President?

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Earlier this week, HomeGain, the first company to provide free online instant home valuations, released the second quarter results of our nationwide survey of over 900 HomeGain current and former members and 3500 home owners. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President. On this real estate blog we published the 2nd quarter 2010 national results as well as the complete 2nd quarter 2010 regional results, including commentary from real estate agents and brokers.

Yesterday we released the second quarter 2010 California home prices survey results.

Today we are releasing the 2nd quarter 2010 Florida home prices survey data.

The survey shows that 55% of home buyers in the Sunshine state believe that home prices are either fairly priced or just 1-10% over priced vs. 46% who thought so in the first quarter 2010 Florida home prices survey and  fourth quarter 2009 Florida home prices survey and 42% who thought so in the third quarter 2009 Florida home prices survey.

In the current survey 22% of home buyers thought home prices were fairly valued vs 22% in the first quarter of 2010, vs. 23% in the fourth quarter of 2009, vs. 24% who so believed in the third quarter, vs. 18% who so believed in the second quarter Florida home prices survey and vs. 15% who so believed in the first quarter 2009 Florida home prices survey. (See question 3)

Forty -one percent of Florida real estate professionals surveyed in the second quarter believe that home prices in their state will decrease in the next six months vs. 33% who so believed in the first quarter of 2010, vs 34% who so believed in the fourth quarter of 2010, vs 34% in the third quarter of 2010 , 46% in the second quarter of 2010  and 64% in the first quarter. (see question 6)

Support for President Obama continued to deteriorate with 79% of surveyed  agents and brokers disapproving of his performance, with 62% “strongly disapproving”.  In the first quarter Obama’s disapproval rating among agents and brokers was 66% with 56% “strongly disapproving” vs. 65% disapproving in the fourth quarter, vs. a disapproval rating of 57% in the third quarter and 45% in the second quarter.

The Presidents fared slightly better among surveyed Florida homeowners. Sixty-three percent of Florida homeowners disapproved of the President’s performance with 46% strongly disapproving. (see question 10)

Set forth below is the second quarter 2009 and 2010 Florida home prices data along with the national first quarter 2010 agent and broker and second quarter 2010 agents and broker and  homeowner data : (click on each question to see complete results):

1. Have home prices increased, decreased or stayed the same in the last year?
2. On average, what do homeowners believe that their home is worth?
3. How do buyers feel that homes for sale are priced?
4. What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
5. What is the average difference in price between what a home is listed at and what a home sells for?
6. In the next six months, will the values of homes in your market increase, decrease or stay the same?
7. What percentage of homes for sale are foreclosures in your area?
8. What is the average home price in your area?
9. What percentage of your clients are first-time buyers?
10. How do you think Barack Obama is performing in his role as President?

Continue reading this post

Earlier this week, HomeGain, the first company to provide free instant home valuations online, released the second quarter results of our nationwide survey of over 900 HomeGain current and former members and 3500 home owners. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President. On this real estate blog we published the 2nd quarter 2010 national results as well as the complete 2nd quarter 2010 regional results, including commentary from real estate agents and brokers.

Today we are releasing the California home values survey data. In the coming days we will be releasing home values survey data from Texas, Florida, Illinois, New York, New Jersey, Arizona, Virginia, North Carolina, Colorado, Georgia, Nevada, Pennsylvania, Massachusetts and other states.

The 2nd quarter 2010 California home prices survey data reflects some changes from the 1st quarter California home prices survey. In the fourth quarter 2009 California home prices survey 25% of home buyers thought that homes in the Golden State were fairly valued vs. 30% who thought so in the 1st quarter survey.  In the current survey 38% of home buyers think that homes are fairly priced.   Forty-eight percent of California home buyers currently believe that homes are over priced vs. 64% who so believed in the second quarter of 2009. (see question 3)

In the current survey 39% of California real estate agents and brokers expect home prices to rise with in the next six months vs. 36% who so believed in the first quarter 2010 survey and 41% who thought home prices would rise in the 2009 fourth quarter survey.  In the second quarter 2009 California home prices survey just 22% of California real estate agents and brokers expected home prices to rise. California homeowners were less optimistic on the direction of home prices with 34% of them expecting home prices to rise in the next six months. (see question 6)

Nationwide, President Obama’s approval rating among surveyed real estate agents and brokers dropped to 35% . Forty-four percent of  California real estate professionals somewhat approve or strongly approve of Obama’s performance as President vs. 55% in the first quarter and  57% in the fourth quarter of 2009.  Obama favored better among surveyed California homeowners witha 50% approval rating. (see question 10)

Set forth below is the second quarter 2009 and 2010 California home prices data along with the 1st quarter 2010 and second quarter 2010 national real estate agent and broker and consumer data: (click on each question to see complete results):

1. Have home prices increased, decreased or stayed the same in the last year?
2. On average, what do homeowners believe that their home is worth?
3. How do buyers feel that homes for sale are priced?
4. What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
5. What is the average difference in price between what a home is listed at and what a home sells for?
6. In the next six months, will the values of homes in your market increase, decrease or stay the same?
7. What percentage of homes for sale are foreclosures in your area?
8. What is the average home price in your area?
9. What percentage of your clients are first-time buyers?
10. How do you think Barack Obama is performing in his role as President?

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