Eighty-six percent of Illinois Real Estate Professionals Predict Home Values Will Decline in the Coming Six Months; Up Seven Percent From Last Quarter

Last month, HomeGain, the first company to provide free instant home valuations online, released the results of our fourth quarter 2011 nationwide home values survey of over 400 HomeGain current and former members and 2,000 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 4th quarter 2011 national results as well as the complete 4th quarter 2011 regional results, including commentary from real estate agents and brokers.

Earlier this month we released the California 4th quarter 2011 home values survey data and the Florida 4th quarter 2011 home values survey data, and the 4th quarter 2011 Texas home prices survey data. In the coming days we will be releasing home values survey data from New York, New Jersey, Arizona, North Carolina, Colorado, Georgia, Nevada, Pennsylvania, Massachusetts and other states.

Today we are publishing the Illinois home prices survey data.

Set forth below is the fourth quarter 2011 real estate professional and home owner Illinois home prices survey data along with the third quarter 2011 real estate professional survey data and the fourth quarter 2011 national home prices survey 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?
11. If the Presidential election were today, who would you select for President?

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Thirty-three percent of Florida real estate professionals and 48 percent of homeowners think home prices will decline over the next six months; 67 percent of Florida agents and brokers strongly disapprove of Obama’s performance as President.

HomeGain, the first company to provide free instant home valuations online, released the results of our fourth quarter 2011 nationwide home values survey of over of over 400 HomeGain current and former members and more than 2,000 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 4th quarter 2011 national results as well as the complete 4th quarter 2011 regional results, including commentary from real estate agents and brokers.

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

Set forth below is the fourth quarter 2011 real estate professional and home owner Florida home prices survey data along with the third quarter 2011 real estate professional survey data and the fourth quarter 2010 national home prices survey 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?
11. If the Presidential election were today, who would you select for President?

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Forty-eight percent of California real estate professionals expect home prices to decrease in the coming six months; just 13 percent expect home values to rise.

HomeGain, the first company to provide free instant home valuations online, released the results of our fourth quarter 2011 nationwide home values survey of over 400 HomeGain current and former members and more than 2,000 home owners. The survey asked their opinions on home prices, what they thought of President Obama’s performance as President, and who they would vote for if the Presidential election were to take place today. On this real estate blog we published the 4th quarter 2011 national results as well as the complete 4th quarter 2011 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.

Set forth below is the fourth quarter 2011 real estate professional and home owner California home prices survey data along with the third quarter 2011 real estate professional survey data and the fourth quarter 2010 national home prices survey 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?
11. If the Presidential election were today, who would you select for President?

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Snow is on the ground here in Park City Utah which can only mean one thing– time to ski! Every year Park City is one of the premiere destinations for skiing and snowboarding in North America. Known for having the “Best Snow On Earth”, Park City provides three of the largest resorts, with another five top rated-resorts within an hour’s drive. Ski Magazine recently rated Deer Valley the #1 resort in America, and PCMR the #1 family resort. Park City provides many options, whether you’re planning a fun-filled ski vacation for the whole family, or here to enjoy the luxuries of “Skiers Only” at Deer Valley Ski Resort.

Having skied and snowboarded all of the resorts in the area, I typically choose Deer Valley for skiing and The Canyons Resort for all of my snowboarding. The Canyons’ newly updated resort is great for on location lodging and is known for some of the best open terrain in the world.

Opening Dates:

• Deer Valley Resort: December 2nd
• The Canyons Resort: November 25th
• Park City Mountain Resort: Opened November 19th

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The market is turning in the sunshine state. What was once considered the worst real estate market in the nation is now considered by many to be one of the brightest.

How could it not?

Prices have dropped substantially in Florida over the last 5 years. In some areas of Sarasota, Florida you can find a home for less than half of what is sold for 2005. If the price of almost anything is cut in half someone is bound to show interest. That is the free market.

Realtor.com released their top 10 turnaround markets and 6 of the 10 were Florida cities. Miami, Orlando, Ft. Myers/Cape Coral, Ft. Lauderdale, Sarasota/Bradenton and Lakeland/Winter Haven were on the list.

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