Seventy-one percent of Nevada real estate professionals expect home prices to decline over the next six months

Last month, HomeGain, the first company to provide free instant home valuations online, released the third quarter 2011 results of our nationwide home values survey of over 500 HomeGain current and former members and 2,200 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 3rd quarter 2011 national results as well as the complete 3rd quarter 2011 regional results, including commentary from real estate agents and brokers and homeowners.

Recently, we released the California 3rd quarter 2011 home values survey data and the Florida 3rd quarter 2011 home values survey data, the 3rd quarter 2011 Texas home prices survey data , the 3rd quarter 2011 New York home prices survey data, the 3rd quarter 2011 New Jersey home values survey data, the Illinois 3rd quarter 2011 home values survey data, the Georgia 3rd quarter 2011 home prices survey data, the Arizona 3rd quarter 2011 home prices survey data, the Virginia 3rd quarter 2011 home prices survey data, the Colorado 3rd quarter 2011 home prices survey data, the Massachusetts 3rd quarter 2011 home prices survey data, the Maryland 3rd quarter 2011 home prices survey data, the North Carolina 3rd quarter 2011 home prices survey data, the Pennsylvania 3rd quarter 2011 home prices survey data, the Washington 3rd quarter 2011 home prices survey data, and the Ohio 3rd quarter 2011 home prices survey data.

Today we are releasing the Nevada home prices survey results.

Set forth below is the third quarter 2010 real estate professional and homeowner Nevada home prices survey data along with the second quarter 2011 real estate professional survey data along with the third 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 vote for?

Continue reading this post

Forty-six percent of Ohio Real estate professionals and 53 percent of Ohio homeowners expect home prices to drop in the next six months

Last month, HomeGain, the first company to provide free instant home valuations online, released the third quarter 2011 results of our nationwide home values survey of over 500 real estate professionals and 2,200 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 3rd quarter 2011 national results as well as the complete 3rd quarter 2011 regional results, including commentary from real estate agents and brokers and homeowners.

Recently, we released the California 3rd quarter 2011 home values survey data and the Florida 3rd quarter 2011 home values survey data, the 3rd quarter 2011 Texas home prices survey data , the 3rd quarter 2011 New York home prices survey data, the 3rd quarter 2011 New Jersey home values survey data, the Illinois 3rd quarter 2011 home values survey data, the Georgia 3rd quarter 2011 home prices survey data, the Arizona 3rd quarter 2011 home prices survey data, the Virginia 3rd quarter 2011 home prices survey data, the Colorado 3rd quarter 2011 home prices survey data, the Massachusetts 3rd quarter 2011 home prices survey data, the Maryland 3rd quarter 2011 home prices survey data, the North Carolina 3rd quarter 2011 home prices survey data, the Pennsylvania 3rd quarter 2011 home prices survey data, and the Washington 3rd quarter 2011 home prices survey data.

Today we are releasing the Ohio home prices survey results.

Set forth below is the third quarter 2011 real estate professional and home owner Ohio home prices survey data along with the second quarter 2011 real estate professional survey data along with the third 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 held today, who would you vote for?

Continue reading this post

Seventy-five percent of Pennsylvania real estate professionals expect home prices to fall over the next six months

Last month, HomeGain, the first company to provide free instant home valuations online, released the results of our third quarter 2011 nationwide home values survey of over 500 HomeGain current and former members and 2,200 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 3rd quarter 2011 national results as well as the complete 3rd quarter 2011 regional results, including commentary from real estate agents and brokers.

Recently, we released the California 3rd quarter 2011 home values survey data and the Florida 3rd quarter 2011 home values survey data, the 3rd quarter 2011 Texas home prices survey data , the 3rd quarter 2011 New York home prices survey data, the 3rd quarter 2011 New Jersey home values survey data, the Illinois 3rd quarter 2011 home values survey data, the Georgia 3rd quarter 2011 home prices survey data, the Arizona 3rd quarter 2011 home prices survey data, the Virginia 3rd quarter 2011 home prices survey data, the Colorado 3rd quarter 2011 home prices survey data, the Massachusetts 3rd quarter 2011 home prices survey data, the Maryland 3rd quarter 2011 home prices survey data, and the North Carolina 3rd quarter 2011 home prices survey data. In the coming days we will be releasing home values survey data from Washington, Nevada and Ohio.

Today we are releasing the Pennsylvania home prices survey.

Set forth below is the third quarter 2011 real estate professional and home owner Pennsylvania home prices survey data along with the second quarter 2011 real estate professional survey data and the third 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 vote for?

Continue reading this post

With winter fast approaching, Park City and Deer Valley are about to be swamped with tourists from around the world looking for the best snow on earth. With this comes an increase in market activity from potential second home buyers, and hopefully a little stability in the marketplace. We have a lot to look forward to in Q4, but let’s take a look at how Q3 treated us during these summer and fall months.

According to the Park City Board, we have under performed in this quarter compared to Q2 but have made significant progress from last years dreadfully slow year. Thankfully, the Utah economy as a whole has held fairly strong in the midst of economic turmoil elsewhere, and Park City has been one of the most active markets in the state. Sales have been up 18% from last year and a huge 86% increase from two years ago.

Continue reading this post