HomeGain Releases Texas Home Values Survey Data

Posted by: Louis Cammarosano on March 10th, 2009

Yesterday HomeGain announced the results of a nationwide survey of nearly 700 HomeGain current and former members. The survey asked their opinions on home values and the Obama stimulus package. On this real estate blog we published the national and regional results.

So far the HomeGain member survey has been picked up in US News, Dallas Morning News, Boston Globe, Crane’s Investment News, Sellsius, Dallas Magazine, Orange County Register, RIS Media, Philadelphia Daily News, the Sarasota Herald Tribune, AOL’s Wallet Pop, St. Petersburg Times, Boston Real Estate Blog, Real Trends, Realtor Magazine, Inman News, Transparent Real Estate and other blogs.

We have received quite a few inquiries regarding whether we had survey data on the state level.

Indeed we do!

We will be publishing the data from the states of which we received an adequate number of responses – Texas, California, Florida, New York, Georgia and Illinois.

The Texas survey data reveals a far less pessimistic picture regarding home prices with nearly a quarter of  of home buyers in Texas believing that homes were fairly priced vs the 18 percent national survey average.

The data also shows that  a greater percentage of Texas Realtors believe that the Obama stimulus package would act to stabilize prices than their counterparts in the rest of the country.

Set forth below is the Texas home prices data with the national data in parenthesis:  Texas (National)

1. On average, in the last year do you think your homeowner clients home values have:

Decreased 56% (90%)

Increased 3% (2%)

Stayed the same 41% (8%)

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

At listing price you recommend 26% (14%)

10-20% higher 51% (45%)

10% less 13% (10%)

11-25% less 8% (8%)

20-30% higher 3% (14%)

3. How do your homebuyer clients feel that homes are priced?

Fairly Priced 23% (18%)

Overpriced by 10-20% -18% (32%)

Overpriced by less than 10% 36% (21%)

Underpriced by 10-20% 13% (14%)

Underpriced by 20-30% -0% (4%)

4. In the next six months, do you think the values of homes in your market will:

Decrease 25% (53%)

Increase 25% (11%)

Stay the same 50% (36%)

5. What percent of homes for sale in your area are foreclosures?

10-20% 28% (26%)

21-30% 13% (16%)

31-40% 10% (10%)

50-75% 3% (5%)

Less than 10% 46% (35%)

6. What is the average home price in your area?

$151k-$200k  54% (24%)

$201k-$250k 21% (21%)

$251k-$300k  10% (14%)

$301k-$350k 8% (8%)

$401k-$450k 3% (3%)

Less than $150k  5% (11%)

7. In your opinion, what impact will the Obama Stimulus package have on home values in 2009?

Decrease 13% (13%)

Increase 8% (4%)

STABLIZE 46% (38%)

No impact 33% (45%)

See National and Regional Survey Results

Try HomeGain’s Instant Home Values tool

Get Texas home prices:

Houston home prices

Dallas home prices

April 13, 2009 – Dallas home prices fall 4.9% year over year - American Institute for Economic Research

San Antonio home prices

Austin home prices

El Paso home prices

Fort Worth home prices

April 9, 2009 Fort Worth home prices rose 1.2% in March and 1.1 in the first quarter.  Star Telegram

Arlington home prices

Corpus Christi home prices

Plano home prices

Garland home prices

Lubbock home prices

Irving home prices

Laredo home prices

Amarillo home prices

Pasadena home prices

Brownsville home prices

Grand Prairie home prices

Mesquite home prices

Abilene home prices

Beaumont home prices

Waco home prices

Sugar Land home prices

League City home prices

April 12, 2009 – League City home prices increase 1.3% – Galveston Daily News

View Texas homes for sale

Search Texas real estate

Find U.S. homes for sale and search U.S. real estate

Louis Cammarosano




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