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HomeGain Releases 4th Quarter 2011 Texas Home Values Survey Results

Forty-seven percent of Texas real estate professionals and 49 percent of homeowners expect home values to stay the same in the next six months

HomeGain, one of the first companies 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 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.

Yesterday we released the California home values survey and Florida home values survey data. Today we are releasing the Texas home values survey data. In the coming days we will be releasing home values survey data from 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 Texas 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):

texas-state1

  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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Posted by: Louis Cammarosano on December 14th, 2011 under Home Prices, Home Values, Home Values Surveys, HomeGain, HomeGain Market Data, Realtor

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The Reality of m-Realty: Mobile Real Estate Apps Are Great, But an Agent Still Matters Too

Mobile apps mean you’re a thumb click away from finding almost anything – even your next home. The other day I read an article about how mobile apps on your Smartphone can be used for buying a home (or just checking out a new neighborhood). These realty apps aren’t new and don‘t seem to be going away, but then I got to thinking: Do I really want a mobile app to choose my next home for me?

Deciding on where (and whether!) to buy a home is lot different than, say, trying to find where the best place in town to eat a hot dog is. Sure, you could use a mobile app to find out about a new neighborhood, but it doesn’t replace actually having a “real” real estate agent to show you around the neighborhood. That’s why new homes are usually sold offline and in person, with an agent who knows the area.

The benefits of a (real) real estate agent outweigh the realty app’s benefits every day of the week. A real estate professional agent can do more for you as a home buyer than an app that says “you are here.” What, you ask? Read on – here I’ve listed 6 benefits of using a real estate agent to help you buy your home:
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Posted by: Tony Sena on August 8th, 2011 under Realtor

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Home Buyers: The Next Ones Up

We are looking at the wave of 6 million new home buyers. Known as the Millennials, these are recent college grads. They are a new generation, more wired and more diverse than any before. Whats more, they don’t carry the negativity that recent home buyers/owners have acquired during this historic bust. We all know the bad news. The housing-market recession is ongoing, and still no indication of a sustained recovery. In fact we’re are a hair away from double dipping, only 1.1% above the April 2009 trough.

Despite all loss and fear of more loss keeping buyers in the wings, home ownership is still a destination. Seventy percent surveyed by a Wells Fargo study of more than 3,000 still want to own a home, positively responding to new rigorous rules of higher down payments and credit requirements. This is a group that is willing to buy.

The Millennials are the next ones up and seemingly a bit of a blank slate. They’re still positive about lenders and institutions and looking to own. They are a great opportunity for new beginnings. It will be our job to rebuild and create new impressions for the next ones up, so that they will be enthusiastic about home ownership. The expectation that a home is something to flip, rather than live in is gone. It’s a home, not a growth stock and they seem to know it.

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Posted by: Howard Sobel on April 12th, 2011 under Realtor

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HomeGain 2011 FSBO vs. REALTOR® Survey Finds Home Sellers Fare 50% Better in Getting Their Homes Sold Using a REALTOR® Than Selling On Their Own

HomeGain’s 2011 For Sale By Owner (FSBO) vs. REALTOR® survey reveals home sellers’ success rates and satisfaction. Home sellers have greater success and higher satisfaction with the home sale process using a REALTOR® than going FSBO.

HomeGain surveyed over 1,000 homeowners asking whether they used a REALTOR® to sell their home or whether they attempted to sell it themselves. Eighty-three percent said they used a REALTOR® to sell their home and 17 percent said they tried to sell their home on their own.

Fifty-nine percent of home owners that used a REALTOR® to sell their home were successful vs. 39 percent of FSBO’s, reflecting a 50 percent higher closing rate for those home sellers using a REALTOR®.

Eighty-one percent of homeowners that used a REALTOR® to try and sell their homes said they would use a REALTOR® again for their real estate needs.

Eighty-eight percent of home owners who sold their homes using a REALTOR® said they would use a REALTOR® again. Continue reading this post

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Posted by: Louis Cammarosano on February 23rd, 2011 under HomeGain, HomeGain Surveys, Realtor

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HomeGain Releases 4th Quarter 2010 Georgia Home Values Survey Results

Fifty-four percent of Georgia Real Estate Professionals Expect Home Values to Decline over the Next Six Months

At the end of last year, HomeGain, one of  the first companies to provide free instant home valuations online,  released the fourth quarter results of our nationwide home values survey of over 1000 HomeGain current and former members and 2300 home owners.  The HomeGain survey asked their opinions on home prices and what they thought of President Obama’s performance. On this blog we published the 4th quarter 2010 national results as well as the complete 4th quarter  2010 regional results, including commentary from real estate agents and brokers and homeowners.

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

Set forth below is the fourth quarter 2010 real estate professional and homeowner Georgia home prices survey data along with the 4th quarter 2009 and 2010 real estate professional survey data along with the 4th quarter 2010 national home prices survey dataClick 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?

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Posted by: Louis Cammarosano on February 9th, 2011 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls, Realtor, Regional

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3 Questions to Ask Yourself Before Going Part-Time

The economic downturn and housing crisis have been tough on many Americans, and some real estate professionals have been hit especially hard. I have talked to many real estate agents, appraisers, and mortgage professionals who went from busy to super slow in a matter of months.

There have been bright spots with sales motivated by the first time home buyer tax credit and a recent uptick in refinances due to record low mortgage rates, but the past couple of years have not been kind to many smart, driven, hard working, and experienced individuals in the real estate industry. Recently I have heard of more and more professionals say they have decided to or are considering scaling back their real estate work to part time and finding another part time job to help them stay afloat.

While I understand the thinking behind this, and admire the willingness to be flexible, I think it is important to really think through the following issues before wholly or partially giving up a profession you love and have seen success in.

3 Questions to Ask Yourself Before Becoming a Part-Time Realtor in a Tough Economy

  1. Will I be able to serve my customers well as a part-time agent?
    If not why would you ask a buyer or seller to stay with you? In this market you need something that sets you apart from everyone else – for the better. If another part time job means not returning phone calls or emails promptly, being unable to accommodate a client’s schedule for showings, and not giving 100% to the homes you have listed for sale and the home search for your buyers it’s not fair to you or your clients. It will also only mean more stress and anxiety for you as you feel that you are letting people down.
  2. Will I be poised to reenter the market full force when it improves?
    Most of us in the industry believe real estate values will begin to rise again, and that the market will pick up before too long. Call it the American spirit…or crazy optimism. When the market does rebound will you want to be right back in the thick of things? If you take a step back what will you do to keep your skills sharp, and to stay up to date on the market? How will you stay in front of your client and referral base so they know who to turn to when it’s time to buy or sell a home?
  3. Will my income be higher with two part time jobs?
    Sometimes the allure of a steady paycheck doesn’t translate to an actual increase in income. Consider what the part time position pays per hour. Do you see any opportunity to make some changes to your current business that would allow you to increase your income or decrease your expenses by that amount? Sometimes some creative thinking or focused effort will pay off more than moonlighting as a bartender.

If after thinking it through it makes the most sense for you to seek another position, first see if you can find something that is still related to the real estate industry. Your existing skill set will make you a great candidate potentially allowing you to bypass entry level jobs, and it will help you stay connected to real estate. Some examples include leasing consultant or property manager at an apartment or office complex, sales agent for a new home builder, relocation specialist for a large corporation, or even receptionist or administrative assistant for a real estate brokerage.

If you do set your sights outside the industry watch out for employment scams that are especially prevalent in this tough economy. Be wary of any position that requires you to make an up front investment.

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Posted by: Anna Platz on November 19th, 2010 under Realtor

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