Archive for December, 2010

HomeGain’s General Manager Named Top 100 Most Influential Real Estate Leader in 2010

Inman News has named HomeGain’s General Manager, Louis Cammarosano one of the “Top 100 Most Influential Leaders of 2010” in the Technology category.

Inman reports that the top 100 list reflects the real estate industry’s top executives and other heavyweights that have the power to help push the industry forward during the current economic downturn.

Join us in congratulating Louis!

Louis Cammarosano was also recognized in Inman News’ Top 100 Most Influential Leaders of 2008 and 2009, and as a Top 10 Person to Watch in 2007.

See Louis’ Linked In profile here.

Inman News Top 100

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Posted by: HG Blog Admin on December 15th, 2010 under HomeGain

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HomeGain Releases 4th Quarter 2010 National Home Values Survey Results

Nearly half of surveyed real estate professionals nationwide expect home values to decrease over the next six months; Sixty-eight percent disapprove of Obama’s performance as President.

HomeGain, one of the first companies to provide free instant home valuations online, announced the results of its nationwide 2010 fourth quarter home values survey based on the responses of over 1,000 current and former HomeGain members and over 2,300 homeowners.

Most real estate professionals and homeowners continue to expect  home prices to decrease or stay the same for the rest of the year and into 2011.

Forty-six percent of agents and brokers and thirty percent of homeowners think that home prices will decrease over the next six months. In the third quarter 2010 HomeGain National Home Prices Survey, forty-eight percent of agents and brokers and 33 percent of homeowners thought that home prices would decrease over the next six months.

Forty-eight percent of homeowners and 42 percent of  real estate agents and brokers think that home prices will remain the same in the coming six months.

Only 12 percent of real estate professionals and 22 percent of homeowners expect home values to increase in the coming six months. The results are similar to a recent Rasmussen poll of homeowners that found only 20 percent expect home prices to rise over the next year.

Seventy-six percent of homeowners continue to believe their homes are worth more than the recommended agent listing price, down from 79 percent last quarter.

Sixty-nine percent of surveyed agents and brokers indicated that their home buyer clients think homes for sale are overpriced, unchanged from 69 percent last quarter.

Real estate professionals and homeowners continue to take a neutral to negative view on the direction of home prices citing current high inventory levels, continued foreclosures, and persistent unemployment. There also continues to be a disconnect between what homeowners and buyers think homes are worth.

Forty-nine percent of agents and brokers surveyed indicated that they “strongly disapproved” and 19 percent “somewhat disapproved” of Barack Obama’s performance as President, earning him a 68 percent disapproval rating versus the 67 percent disapproval rating of agents and brokers surveyed in the fourth quarter last year. Last quarter the President had a 67 percent disapproval rating among agents and brokers.

Forty-two percent of homeowners “strongly disapproved” and 18 percent “somewhat disapproved” of the President’s performance, earning him a 60 percent disapproval rating. The President had a 60 percent disapproval rating last quarter among surveyed homeowners with 44 percent “strongly disapproving”. The Rasmussen Daily Presidential Approval Index taken during the same period as the HomeGain 4th Quarter 2010 home prices survey indicated that the President’s average disapproval rating was 54 percent with an average of 45 percent “strongly disapproving” of his performance.

Below are the top states where real estate professionals and home owners think home prices will rise and fall over the next six months.

Top 10 States Where Real Estate Agents and Homeowners Think Home Prices Will Go Up in the Next Six Months:


Top 10 States Where Real Estate Agents and Homeowners Think Home Prices Will Go Down In the Next Six Months:


Top 10 States Where Real Estate Agents and Homeowners Approve of Barack Obama’s Performance as President:


Top 10 States Where Real Estate Agents and Homeowners Disapprove of Barack Obama’s Performance as President:


The survey was conducted from December 1-7, 2010.

View all prior HomeGain national and state home prices surveys.

The fourth quarter 2010 regional results are available by clicking here.

Set forth below are the results of the fourth quarter 2009 and 2010 national home prices survey as well as the results of the third quarter 2010 survey. Also set forth below for selected questions is the national home owner response data for the fourth quarter of 2010. Click on each question to see complete results:

Questions and National 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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Posted by: Louis Cammarosano on December 12th, 2010 under Home Prices, Home Values, Home Values Surveys, HomeGain, HomeGain Market Data, Polls

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HomeGain Releases 4th Quarter 2010 Regional Home Values Survey Results

The national results of HomeGain’s Fourth Quarter 2010 Home Values Survey (conducted from December 1-7) of more than 1,000 real estate professionals and 2,300 homeowners revealed some significant regional differences.

Below are the regional results of the entire survey, categorized into four regions*, Northeast, Southeast, Mid-West and West.

Questions and Regional 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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Posted by: Louis Cammarosano on December 12th, 2010 under Home Prices, Home Values, Home Values Surveys, HomeGain, HomeGain Market Data

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Agent Success Newsletter – Nov/Dec 2010 Issue

Today we sent out our November/December 2010 newsletter for real estate agents. Look for it in your inbox!

The digital real estate newsletter included:

  • Feature Story: We began a new promotion aimed at home buyers and home sellers. Eligible buyers and sellers can earn up to $150 cash back when they close a transaction with a HomeGain agent. Make sure you let your HomeGain clients know about this promotion!
  • Agent Question of the Month: “Over the years, I have subscribed to several of your lead generation programs. Recently, I have noticed a decline in quantity and also in quality. Why is this happening?” Get answer
  • Agent Blogging Network: In addition to the Top 5 Blog Posts (from the HomeGain Blog), we feature Agent Blogs from AgentView agent members who are part of the HomeGain Agent Blogging Network.
  • HomeGain News:
    • Single property websites are now available from HomeGain!
    • AgentEvaluator agents: You now have a free 800 number to use that can help track missed calls via HomeGain.
  • AgentEvaluator® Agent Member Clubs: HomeGain added 12 real estate agent members of AgentEvaluator®  into its commissions-based awards clubs.

Sign up here to receive HomeGain’s FREE Agent Success Newsletter

Read past real estate newsletters

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Posted by: HG Blog Admin on December 8th, 2010 under Agent Success Newsletters

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Are You Prospecting Glocally? More Specifically, Globally and Locally?

Per the Certified International Property Specialist (CIPS) course “Local Markets”, glocally means:

  • Awareness of the opportunity in your marketplace
  • Knowledge of the market dynamics
  • Outreach to potential clients, customers and other real estate professionals

Despite the present market conditions, the process of globalization continues to persevere as reported in The National Association of Realtors® report “2010 NAR Profile of International Home Buying Activity” released earlier this year.

At the 2010 REALTORS® Conference & Expo in New Orleans they recently awarded the largest number of CIPS designations with 460 NAR members receiving the Certified International Property Specialist designation.

The numbers are big; $66 billion of U.S. residential property was sold to International buyers since March 2009. The median purchase price of these properties was $219,400, 26% higher than the overall median sale price of existing homes. 55% of International buyers used cash to cover the full purchase price.

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Posted by: Brian Kinkade on December 7th, 2010 under Best Practices

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Apartment Sector: First One Out

This is the one real estate area that seems to be looking up. There is no question that apartments really scream when it comes to actual performance and renewed investment confidence, says Hessam Nadji, managing director of research and advisory services at Marcus & Millichap. The apartments sector is leading the recovery. Nationally, apartment vacancies declined 20 basis points during the first half to reach 7.8%, setting the stage for rent growth.

Demographics: The rental sector is the one area that that is looking like its in a recovery. Residential housing was t was over built and overbought, while rental properties barely kept up with the demographics. Harvard studies indicate that if you couple the under 30 age group to new immigrants and retirees looking to move back to the city for convenience, as a whole they are a potential renter pool larger than the the boomer generation. That is huge!

Supply: Over 4.3 million loans are 90 days or more delinquent or in foreclosure. Moreover, the shadow inventory of REO properties, as well as distressed mortgages facing foreclosure, will take nearly three years to clear at the current sales rate, according to an S&P report. S&P analysts concluded that \many servicers will likely shift from mortgage modification to loan liquidation. Hopefully, the banks will distribute supply onto the market with an eye to price stability or at least an orderly decline. With that in mind expect supply to continue to increase and prices to continue to decline.

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Posted by: Howard Sobel on December 6th, 2010 under HomeGain Market Data

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