Earlier this week, HomeGain, the first website to provide free instant home values, released the national and regional results of our  home prices survey of 1,084 HomeGain members. We asked their opinions on the direction of home values and of  Obama’s performance as President. On this real estate blog we published the complete national and regional third quarter results. 

Earlier this week we published the results of the California home prices, Texas home prices , Florida home prices surveys. Later in the week, we published the Massachusettes home prices survey data, the  New York home prices survey data, the New Jersey home prices survey data, the North Carolina home prices survey, the Illinois home prices survey the Georgia home prices survey data, the Colorado home prices survey data, the Virginia home prices survey and the Arizona home prices survey.

Today we are releasing  the Pennsylvania home prices survey.

Pennsylvania home owners, like their counterparts nationally, think their homes are worth more than their Realtors’ recommended listing price. Forty-two percent of Pennsylvania home owners think their homes should be priced 10-20% higher than their Realtors recommend vs. 38% nationally (see question 2).

Pennsylvania home buyers believe homes are over priced with only 4% believing that prices are fairly valued vs. 20% nationwide. Thirty-eight percent of Pennsylvania home buyers believe homes are priced 10-20 more than they should vs. 30% of home buyers nationally. (see question 3) 

Pennsylvania Realtors are not optimistic about the direction of home prices with 42% believing they will decrease in the next six months, vs 31% who so believe nationally (see question 6).

Realtors in the Keystone state gave President a low approval rating: 37% vs. 42% nationally. Just 8% of Pennsylvania Realtors “strongly approve” of President Obama’s performance vs. 20% nationally, while 46% of  Pennsylvania Realtors “strongly disapprove” of Obama’s performance vs. 40% nationally (see question 9).

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Earlier this week, HomeGain, the first website to provide free instant home values, released the national and regional results of our  home prices survey of 1,084 HomeGain members. We asked their opinions on home values and of  Obama’s performance as President. On this real estate blog we published the complete national and regional third quarter results.

Earlier this week we published the results of the California home prices, Texas home prices , Florida home prices surveys. Yesterday  we published the Massachusettes home prices survey data, the  New York home prices survey data, the New Jersey home prices survey data, the North Carolina home prices survey, the Illinois home prices survey the Georgia home prices survey data, the Colorado home prices survey data and the Virginia home prices survey.

Today we release the results of the Arizona home prices survey.

Arizona is one of the states that has experieced the greatest depreciation in home prices in recent years. The values of Phoenix homes for sale have fallen fifty percent since 2006. Three months ago according to our 2nd quarter Arizona home prices survey, 24% of Arizona Realtors expected home prices to rise in the next six months vs. just 11% of Realtors who expected an increase in home values in the first quarter survey. Twenty-eight percent of Arizona Realtors surveyed now expect home prices to rise in the next six months and 47% expect prices to remain the same (see question 6).

An increasing percentage of Arizona home buyers believe that homes are fairly priced with 39% believing that homes are fairly priced vs. 23% who so believed in the second quarter. Only 6% of Arizona home buyers believe that homes are 10-20% overpriced, vs. 32% who so believed in the second quarter  (see question 3).

While Arizona home buyers think home prices are becoming more reasonable, Arizona home sellers believe their homes should be priced higher than their Realtors’ recommended listing price. Fifty percent of Arizona home sellers believe that their homes should be priced 10-20% higher than their Realtors’ recommended listing price vs. 35% who so believed in the second quarter (see question 2).

Sixty-four percent of Arizona Realtors surveyed disapprove of  Obama’s performance as President with 58%  “strongly disapproving”. In the national survey 58% of Realtors disapproved of Obama’s performance. In the second quarter, 58% of Arizona Realtors somewhat approved or strongly approved of Obama’s performance as President vs. 57% of their national counterparts.

Set forth below is the first, second, and third quarter  Arizona home values data with the national data in parenthesis: Arizona/National Continue reading this post

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

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:

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Earlier this week, HomeGain, the first website to provide free instant home values, released the national and regional results of our  home prices survey of 1,084 HomeGain members. We asked their opinions on home prices and of  Obama’s performance as President. On this real estate blog we published the complete national and regional third quarter results.

Earlier this week we published the results of the California home prices, Texas home prices , Florida home prices surveys. Yesterday  we published the Massachusettes home prices survey data, the  New York home prices surveydata, the New Jersey home prices survey data, the North Carolina home prices survey, and the Illinois home prices survey data.

Today we release the result of the Georgia home prices survey.

In the first quarter Georgia home values survey, Realtors expressed the belief that home buyers thought homes were over valued. In the second quarter Georgia home prices survey not much changed with just 8% of Georgia home buyers believing that homes were fairly priced (vs.5% in the first quarter survey).

In the current survey Georgia home buyers continue to believe that homes in their state are over valued with just 5% saying that homes were fairly priced and 36% saying homes were overpriced by 10-20%. (see question 3)

Georgia home sellers continue to believe their homes are worth more than their Realtors are telling them. Just 5% of Georgia home owners agreed with their Realtors’ recommended listing price. Thirty-nine percent of Georgia homeowners believe their homes should be priced 10-20% higher than their Realtors’ recommended listing price. (see question 2)

Not surprising, 79% of homes in Georgia, according to Realtors surveyed, sell for 5-20% less than the listing price. (see question 5)

Three months ago 42% of Georgia Realtors expected home values to decline in the next six months. In the second quarter 27% of Georgia Realtors believed home prices would fall in the next six months.  In the current survey 32% of Georgia Realtors expect continued home price decreases while 45% expect prices to remain the same and 25% expect prices to increase. (see question 6)

In the second quarter, fifty-eight percent of Georgia Realtors somewhat approved or strongly approved of Obama’s performance as President. The President’s approval rating in the Peach State fell to 30% in the current survey. (see question 9)

Set forth below is the first, second, and third quarter Georgia home prices data with the national data in parenthesis:

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Earlier this week, HomeGain, the first website to provide free instant home values, released the national and regional results of our  home prices survey of nearly 1,100 current and former HomeGain members. The survey asked their opinions on home prices and of  Obama’s performance as President. On this real estate blog we published the complete national and regional third quarter results.

Earlier this week we published the results of the California home prices, Texas home prices , Florida home prices surveys. Yesterday  we published the Massachusettes home prices survey data, the  New York home prices surveydata, the New Jersey home prices survey data and the North Carolina home prices survey data.

Today we are releasing the Illinois home prices survey data.

The Illinois survey data shows a sharp increase in the percentage of sellers who believe that their homes should be priced higher than the Realtor recommended listing price.

In the first quarter Illinois home values survey, 51% of home sellers believed their homes should be priced 10-20% higher than than the Realtor recommended listings price and 21% thought their homes should be priced 21-30% higher. In the second quarter Illinois home prices survey, 37% of home sellers thought their homes should be priced 10-20% higher and only 6% thought their homes should be priced 21-30% higher.  The second quarter drop in Illinois home owners’ pricing expectations was temporary. In the third quarter 53% of home sellers in Illinois believe their homes should be priced 10-20% higher and 11% believe they should be priced 21-30% higher (see question 2).

Illinois home buyers also changed their views on home prices. In the current survey a greater percentage of home buyers (40%) thought home prices were over valued by 10-20% than thought so in the second quarter (33%) and a lower percentage now think homes are fairly priced (15%) than thought so in the second quarter (18%) (see question 3).

Illinois Realtors were slightly more optimistic on the direction of home prices in the third quarter. Fifty-seven percent of Illinois realtors expect home prices in their state to remain the same or increase over the next six months vs. 51% who thought the same in the second quarter (see question 6).

Illinois Realtors continued to give President Obama an overall negative approval rating. In the second quarter the former Illinois Senator received an approval rating of 46%. In the third quarter the President’s approval rating among the The Prairie State’s surveyed Realtors dropped to 36% (see question 9).

Set forth below is the first, second and third quarter Illinois home prices data with the national data in parenthesis: Illinois (National)

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