Press Release: HomeGain Releases Second Quarter 2010 Home Prices Survey Results

Real estate professionals and homeowners differ on current and future home prices and on Obama’s performance as President; nearly 2/3 of agents and brokers disapprove of the President’s performance.

Emeryville, CA – June 28, 2010 – HomeGain®, the first website to provide free online instant home prices, today announced the results of its 2010 second quarter home prices survey based on the responses of over 900 real estate agents and brokers and 3,500 homeowners nationwide.

Real estate professionals and homeowners continue to differ on the current values of homes and the direction of home prices. According to surveyed agents and brokers, 75% of homeowners think their homes are worth more than the recommended agent listing price. Forty-seven percent of real estate agents and brokers and 49% of homeowners think that home prices will remain the same in the coming six months.

Twenty-eight percent of homeowners think that the values of their homes will increase over the next six months vs. just 20% of agents and brokers who think the same. Thirty-three percent of agents and brokers and 23% of homeowners think that home prices will decrease over the next six months.

Sixty-one percent of surveyed agents and brokers indicated that their home buyer clients think homes for sale are overpriced.

“It is not surprising to see that homeowners are slightly more optimistic about the direction of home prices than real estate professionals and that neither group is predicting a rise in home prices over the next six months.” stated Louis Cammarosano, General Manager at HomeGain. “Real estate industry watchers tracking the direction of home prices will continue to focus on the impact of the expiration of the home buyer tax credit, the direction of interest rates and unemployment, foreclosure and shadow inventory data.”

Top 5 States Where Agents and Homeowners Think Home Prices Will Go Down In the Next Six Months:

Top 5 States Where Agents and Homeowners Think Home Prices Will Go Up in the Next Six Months:

Forty-six percent of agents and brokers surveyed indicated that they “strongly disapproved” and 19% “somewhat disapproved” of Barack Obama’s performance as President, earning him a 65% disapproval rating vs. the 58% disapproval rating of agents and brokers surveyed in the first quarter of 2010.  In the second quarter 2009 HomeGain survey, the President enjoyed a 57% approval rating from agents and brokers.

Forty percent of homeowners “strongly disapproved” and 16% “somewhat disapproved” of the President’s performance, earning him a 56% disapproval rating. The Rasmussen Daily Presidential Approval Index taken during the same period as the HomeGain survey indicated that the President’s average disapproval rating was 54% with an average of 43% “strongly disapproving” of his performance.

Top 5 States Where Agents and Homeowners Approve of Barack Obama’s Performance as President:

Top 5 States Where Agents and Homeowners Disapprove of Barack Obama’s Performance as President:

The HomeGain survey was conducted from June 8-18, 2010.

We have also released the complete survey results on the HomeGain Blog, complete with agent and broker commentary. Click here for complete survey results. Regional results are available here.  Check back at the HomeGain Real Estate Blog for state survey results that will be release in the coming days.

About HomeGain

HomeGain is a leading provider of online marketing solutions that connect real estate agents and brokers with home buyers and sellers. HomeGain offers free services to find and compare real estate agents, research home values, and view homes for sale. Since 1999 REALTORS® have used HomeGain’s real estate marketing programs to connect with consumers, promote their services and grow their business.