Last week, HomeGain, the first web site to provide free online instant home valuations, released the national and regional results of our survey of 1,150 former and current HomeGain members. We asked their opinions on home prices and of President Obama’s performance as President. On this blog we published the national and regional 2nd Qtr results.

In the past two weeks we published the results of the California home prices, Texas home prices, Florida home prices, New York home prices, New Jersey home prices, Illinois home prices, Georgia home prices,  Arizona home prices, North Carolina home prices, Virginia home prices,  Washington home prices, and Massachusetts home prices surveys.

Today we release the Colorado home prices survey results.

Set forth below are the Colorado home values survey results with the national data in parenthesis:

Last week, HomeGain released the national and regional results of a survey of more than 1,150 current and former HomeGain members. 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 national and regional 2nd Qtr results. 

 Earlier this week we published the results of the California home prices, Texas home prices, Florida home prices, New York home prices, New Jersey home prices, Illinois home prices, Georgia home prices,  Arizona home prices, North Carolina home prices, Virginia home prices and Washington home prices surveys.

Today we are releasing the Massachusetts home prices survey data.

Unlike home owners in the rest of the country, Massachussetts home owners have not lowered their pricing expectations. Three months ago, according to Massachussets Realtors surveyed, 29% of home owners believed that their homes were worth 10-20% more than the recommended listing price. In the current survey that percentage has risen to 31% (see question 2).

A greater percentage of potential home buyers in Massachussets now believe that homes are overpriced. In the first quarter HomeGain Realtor home prices survey 29% of home buyers thought home prices were over valued by 10-20%. In the current survey that percentage has risen to 35%. Three months ago 36% of Massachussets home buyers thought homes were fairly priced in their state vs. 31% who now believe so according to the current survey. (see question 3)

In the first quarter survey, 71% of Massachusetts Realtors believed that home prices would decline in the next six month. The current survey shows a decided shift in sentiment with only 35% of Massachusetts Realtors thinking that home prices will decline in the next six months and 58% believing they will stay the same.

Sixty-five pecent of Massachusetts Realtors somewhat approve or strongly approve of Obama’s performance as President vs. 57% of Realtors nationwide.

Set forth below is the Massachusetts home prices survey results with the national data in parenthesis:

Early last week, HomeGain released the national and regional results of a survey of more than 1150 current and former HomeGain members. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President.  On the HomeGain real estate blog we published the national and regional 2nd Qtr results.

Earlier this week we published the results of the California home prices, Texas home prices, Florida home prices, New York home prices, New Jersey home prices, Illinois home prices, Georgia home prices, Arizona home prices and North Carolina home prices surveys.

Today we are releasing the Virginia home prices survey data.

According to the recent survey, Virginia home buyers do not believe home prices in their state are that unreasonable. Twenty-two percent of Virginia home buyers believe homes are fairly priced vs. 6% who believed the same according to the first quarter Virginia home values survey.  Fourteen percent of Virginia home buyers believe that homes are underpriced by 10-20%. (see question 3).

Homeowners in Virginia continue to believe in large percentages that their homes are worth more than their Realtors’ are telling them with 46% of Virginia home sellers thinking that their homes are worth 10-20% higher than their Realtors’ recommended listing price.  Eleven percent of Viginia home owners believe their homes are worth 21-30% higher than their Realtors recommend they list them for vs. 6% who believed the same in the first quarter. (see question 2).

In the first quarter Virginia home vaues survey, just 6% of  Virginia Realtors believed that prices would increase in the next six months. In the current survey 24% of Virginia Realtors believe that home prices will increase in the next six months and 35% believe they will stay the same (see question 6).

Fifty-four percent of Virginia Realtors approve of Obama’s performance as president vs. 57% of Reatlors nationwide.

Set forth below is the Virginia home prices survey data with the national data in parenthesis:

According to the home values survey, North Carolina home owners significantly tempered their home valuation expectations. In the first quarter survey North Carolina Realtors thought that 63% of their home owner clients believed that their homes should be listed 10-20% higher than they recommended. In the current survey, 27% of North Carolina home owners believed that their homes should be listed 10-20% higher that their Realtors’ recommended listing price. (see question 2)

A greater percentage of North Carolina home buyers now believe that homes are more reasonably priced.  In the first quarter survey 63% of North Carolina buyers thought that homes were overvalued, with 37% thinking that homes were over priced by 10-20% and 26% thinking that homes were over priced by less than 10%. In the current survey 56% of  home buyers believe that homes are overpriced, with 24% thinking that homes were over priced by 10-20% and 32% thinking that homes were over priced by less than 10%. (see question 3)

North Carolina Realtors expressed increased optimism on the direction of home prices. In the first quarter 48% of North Carolina Realtors thought that home prices would decline in the next six month. In the current survey, only 22% expected home values to decline in the next six months with the majority or North Carolina Realtors (51%) believing that home prices would stay the same over the next six months. (see question 6)

Fifty-eight percent of North Carolina Realtors strongly approve (34%)  or somewhat approve (24%) of Obama’s performance as President. (see question 10)

Set forth below is the North Carolina home prices survey data with the national data in parenthesis: