Yesterday, HomeGain, the first company to provide free instant home valuations online, released the national and regional results of our third quarter home prices survey of nearly 1100 HomeGain current and former members. The survey asked their opinions on real estate values and what they thought of President Obama’s performance as President. On the HomeGain blog we published the full survey results. Yesterday, we published the results of the third quarter California home prices survey

Today, we published the results of the third quarter Florida home prices survey and below the Texas home prices survey.
The national results of the first quarter surey of Realtors on home values painted a very pessimistic picture. The 1st quarter Texas survey data, however, revealed far less pessimism. In the second quarter the national results indicated some improvement in the housing market, while Realtors in Texas believed their markets to be relatively stable
In the third quarter Texas home owners reduced their valuation expectations. Seventy-three percent of Texas homeowners in the third quarter believed their homes were worth either what their Realtors recommended or within 1-9% higher or lower vs. 45% who believed the same in the second quarter. (see question 2)
In the second quarter 49% of Texas home owners according to Texas Realtors believed their homes to be worth 10-30% higher than their Realtors’ recommended listing prices vs. just 23% of Texas home owners who in the third quarter survey believed their homes were worth 10-20% more than their Realtors’ recommended listing price. (see question 2)
Forty-six percent of home buyers in Texas now believe that home prices are over valued by less than ten percent vs. 27% who so believed in the second quarter Texas home prices survey. In the second quarter, thirty-two percent of Texas home buyers believed that home prices were over valued by 10-20% vs. 12% who now believe the same. (see question 3)
Forty-three percent of Texas Realtors now believe home values in their state will increase over the next six months vs. 24% who so believed in the second quarter. Seventeen percent of Texas Realtors realtors believe that home prices will decrease over the next six months vs. 24% who so believed in the second quarter. (see question 6)
In a dramatic divergence from the national results, President Obama’s approval rating among Texas Realtors came in at just 28% (vs. 42% nationally) with 60% of Texas Realtors “strongly disapproving” and 12% “somewhat disapproving” of the President’s performance. (see question 9)
Set forth below is the first, second and third quarter Texas home prices data with the national data in parenthesis:
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