Sixty-one percent of Georgia Real Estate Professionals expect home values to decrease over the next six months

Last month, HomeGain, one of the first companies 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. Earlier this month 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 Virginia 3rd quarter 2011 home values survey data, and the Colorado 3rd quarter 2011 home values survey data.

Today we are releasing the results of the third quarter 2011 Georgia home prices survey.

Set forth below is the third quarter 2011 real estate professional and home owner Georgia 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 held today, who would you vote for?

Question 1:

Question 2. On average, what do your homeowner clients believe that their home is worth?

Question 3. How do your home buyer clients feel that homes for sale are priced?

Question 4. What is the average difference in price between what sellers believe their home to be worth and the amount at which you eventually list the house?

Question 5. What is the average difference in price between what the home is listed at and what the home sells for?

Question 6:

Question 7. What percent of homes in your area are foreclosures?

Question 8. What is the average home price in your area?

Question 9: What percentage of your clients are first time home buyers?

Question 10:

Question 11:

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Louis Cammarosano