Archive for June, 2011

HomeGain Releases 2nd Quarter 2011 National Home Values Survey Results

Fifty percent of surveyed real estate professionals nationwide expect home values to decrease over the next six months; Sixty-five 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 second quarter 2011 home values survey. Over 750 real estate agents and brokers and over 2,600 homeowners were surveyed. We also released the regional results of the second quarter 2011 HomeGain home values survey.

Most real estate professionals and homeowners continue to expect home values to decrease or stay the same through the middle of the year. Fifty percent of agents and brokers and forty-two percent of homeowners think that home values will decrease over the next six months.

In the first quarter 2011 HomeGain National Home Values Survey, thirty-nine percent of agents and brokers and 30 percent of homeowners thought that home values would decrease over the next six months.

Thirty-eight percent of real estate agents and brokers and 43 percent of homeowners think that home values will remain the same in the coming six months.

Twelve percent of real estate professionals expect home values to increase in the next six months, down five percent from last quarter. Fifteen percent of homeowners expect home values to increase in the next six months, down nine percent from last quarter.

According to surveyed agents and brokers, 77 percent of homeowners believe their homes are worth more than the recommended agent listing price. In contrast, 67 percent of home buyers believe homes are overpriced.

“The current survey reflects that real estate professionals are resigned to accepting a market with declining prices being the norm rather than the exception. The past few years have been particularly harsh on the real estate industry and the majority of real estate professionals don’t expect much improvement in the coming six months.” said Louis Cammarosano, General Manager of HomeGain.

Forty-six 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 65 percent disapproval rating, tying the disapproval rating of agents and brokers surveyed in the second quarter last year. Last quarter the President had a 64 percent disapproval rating among agents and brokers.

Thirty-nine percent of homeowners “strongly disapproved” and 17 percent “somewhat disapproved” of the President’s performance, earning him a 56 percent disapproval rating. The President had a 58 percent disapproval rating last quarter among surveyed homeowners with 39 percent “strongly disapproving”. The Rasmussen Daily Presidential Approval Index taken during the same period as the HomeGain Second Quarter 2011 Home Values Survey indicated that the President’s average disapproval rating was 51 percent with an average of 36 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 June 2-10, 2011.

View all prior HomeGain national and state home prices surveys.

The second quarter 2011 regional results are available by clicking here.

Set forth below are the results of the second quarter 2010 and 2011 national home prices survey as well as the results of the first quarter 2011 survey. Also set forth below for selected questions is the national home owner response data for the second quarter of 2011. 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 June 17th, 2011 under Home Values, Home Values Surveys, HomeGain

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HomeGain Releases 2nd Quarter 2011 Regional Home Values Survey Results

Below are the regional results of the entire survey, categorized into four regions*, Northeast, Southeast, Mid-West and West. You can also check out the national results of the HomeGain 2nd quarter 2011 home values survey.

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 June 17th, 2011 under Home Prices, Home Values, Home Values Surveys, HomeGain

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Real Estate Radio With Louis Cammarosano – 5/23/11

On Monday May 23, 2011, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate Radio show on The Big Talker 1580 AM, hosted by Ryan Sloper.

Listen to the show.

Part 1 (24:02)

Ryan and Louis discuss the Greek and Belgium debt downgrades and note how it helped the price of the dollar this week as well as helped keep US interest rates down;Louis notes that when the EURO has difficulties investors flock towards the dollar which he equates as running from the blast towards the tornado and notes that the US states’ fiscal issues are the equivalent of  EU member state fiscal issues;Ryan notes that the Fed stated in their minutes of their most recent meeting that they will keep rates low for an extended period. Louis notes that QE2 cost $600 billion and created  700,000  jobs-at a cost of $860,000 per job and that during the period of QE2 home prices dropped 8%. Louis highlights that the FED is in a bind given that higher interest rates would harm the housing and employment rates; Ryan discusses the debt ceiling issues and mentions that the US spends $4 billion more a day than it brings in; Ryan notes that the top 1% of income earners (those making over $530K a year)  pay taxes at a rate of 18% and argues that taxes need to be spread out evenly over all tax payers to broaden the tax base;Louis counters that about half of people don’t pay any taxes at all and says that the issues is not the the government doesn’t tax its citizens enough but that its promises too much and pays too much for what it delivers;Louis notes that if you increase taxes on the top earners, the next step would be to increase taxes on the next highest earners;Ryan notes that one of the issues in the current economy is the lack of capital formation; Louis notes that capital formation is low because interest rates are low and discourages savings and  in that environment people though money somewhat indiscriminately at the stock market; Ryan and Louis note the rise in the price of newly minted IPO Linkedin;Ryan notes the low number of new homes being built; Louis remarks that many home builders are not building homes so as not to put their new homes on the market in competition with the excess inventory on the market; Louis also notes that many home builders have land out side the center of cities which makes homes in these areas less attractive given the cost of gas and commuting;Ryan and Louis discuss the bind that the economy is in whether to raise interest rates now or later; Ryan and Louis discuss buy vs. rent issues

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Posted by: Louis Cammarosano on June 12th, 2011 under HomeGain, HomeGain on Real Estate Radio, Louis Cammarosano on Real Estate Radio

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Real Estate Radio With Louis Cammarosano – 5/16/11

On Monday May 16, 2011, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate Radio show on The Big Talker 1580 AM, hosted by Ryan Sloper.

Listen to the show.

Part 1 (24:12)

Ryan and Louis  talk about the economic events of the week.  Ryan mentions the Mississippi flooding. Ryan and Louis discuss the debt ceiling issues and that Timothy Geithner, U.S. Treasury Secretary has a few loopholes to avoid the government defaulting.  Louis also notes  that the US will have to raise interest rates to attract investment. Louis notes that raising the debt ceiling is a matter of course for Congress rather than cutting spending to avoid hitting the debt ceiling. Louis notes that it is considered an “extreme” position to want government to not spend more than it takes in. Ryan notes that China owns $1.14 trillion in US debt and is trying to diversify its assets away from the U.S.  Louis notes the dilemma that China is in if they stop purchasing US Debt as the US may not be able to meet paying the interest payments to China without the proceeds from the sale from further US treasuries. Louis notes the fallacy that spending more money when you owe money can solves a debt issue. Louis mentions that the US is the largest debtor nation in the history of the world. Louis notes the practical impact of a government shut down;Ryan and Louis discuss the number of home owners that are underwater on their mortgages;Ryan discusses mortgage and refinance options for such home owners;Ryan notes that business confidence is at a seven month low; Louis mentions that employers get more productivity out of existing employees rather than higher additional employees; Ryan notes the top three areas of job growth over the last year: health care, government and education; Louis notes that state governments, however, are cutting employees to try and close their budget deficits; Federal government job and government contract job growth remains robust;Louis notes that states are limited in their ability to raise revenue by printing money or raising taxes;Ryan reviews current mortgage interest rates;Ryan notes that for the week ended May 7 unemployment benefit decreased and that oil prices decreased, CPI rose 3.25% the most since 2008 but without food and energy prices included prices rose just .2%. Louis and Ryan note that food and energy prices are the largest components of peoples’ budget and discuss whether the rise in food and energy prices are “transitory”;Louis notes that the Federal Government gives no consideration for the various cost of living differences across regions of the United States, noting that a couple earning $250K in the DC metro area is not rich while a similarly situated couple in Alabama might be so considered; Louis and Ryan discuss the direction of oil prices this summer;Louis notes that governments make more in taxes when gas prices rise.

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Posted by: Louis Cammarosano on June 12th, 2011 under HomeGain, HomeGain on Real Estate Radio, Louis Cammarosano on Real Estate Radio

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First HomeGain Agent Member Reaches Two Million Dollars in Commissions, Award Clubs Membership Exceeds 1,000

HomeGain, a leading website that connects REALTORS® with home buyers and sellers, today announced that one of its agent members has reached two million dollars in gross commissions with the HomeGain AgentEvaluator program, with another 18 members being inducted into new award clubs. The total number of award clubs members now exceeds 1,000.

In 10 years using the HomeGain AgentEvaluator program, Eric Pakulla of RE/MAX Advantage Realty in Maryland has reached two million dollars in gross commissions. He is HomeGain’s first inductee in the Million Dollar Club and has been an AgentEvaluator Top Performer for the last five years.

“HomeGain continues to be an excellent source of leads for my business. The bottom line is HomeGain generates high quality, motivated leads. I highly recommend this company to any agent that wants to add additional lead generation sources,” said Eric Pakulla.

“We are extremely proud of Eric’s accomplishment and success with the AgentEvaluator program,” stated Louis Cammarosano, General Manager at HomeGain. “HomeGain is also proud that over 1,000 agents have earned admission to our award clubs by assisting home buyers and sellers with their real estate needs.” Continue reading this post

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Posted by: Louis Cammarosano on June 8th, 2011 under AgentEvaluator, HomeGain

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Succeeding in Google’s Post-Panda World

In response to feedback from search engine users, Google took a major step in improving the quality of sites listed on Search Engine Result Pages (SERP) with its Panda/Farmer Update. Since then, I’ve heard from many real estate professionals who feel that this algorithmic change actually made it increasingly difficult to rank well for competitive terms. With that in mind, here are a few actionable steps for those looking to stay ahead of the pack:

* In an industry on which webmasters rely so heavily on IDX data for the majority of their content, it is even more critical to provide unique content that others with the exact same IDX feed do not have. The key emphasis being on UNIQUE, which can translate into providing local area/neighborhood information from YOUR perspective, YOUR analysis of statistics and market trends, real estate advice from YOUR view point (this could be easily achieved with Q&A section, driven by questions from visitors). There is a plethora of methods by which to generate unique content, the only limit would be lack of creativity.

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Posted by: Alex Cortez on June 6th, 2011 under Website Strategies

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