Posts Tagged ‘ California real estate ’

HomeGain Releases 3rd Qtr California Home Prices Survey

Yesterday HomeGainthe first company to provide free instant home valuations online, released the third quarter results of our nationwide survey of nearly 1100 HomeGain current and former Realtor members. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President so far. On this real estate blog we published the national and regional 3rd Qtr results.

Today we are releasing the California home values survey data. In the coming days we will be releasing home values survey data from Texas, Florida, Illinois, New York, New Jersey, Arizona, Virginia, North Carolina, Colorado, Massachusetts and other states.

The 3rd quarter California home prices survey data reflects some significant changes from the 2nd quarter California home prices survey.  In the second quarter only 18% of home buyers thought that homes in the Golden State were fairly valued vs. 34% who think so in the current survey. (see question 3)

In the third quarter survey 34% of  California Realtors expect home prices to rise in the next six months, vs. 22% who thought home prices would rise in the second quarter suvey and vs. just 9% of California Realtors who thought home prices would rise in the next six months in the first quarter survey. (see question 6)

Fifty-one percent of California Realtors somwhat approve or strongly approve of Obama’s performance as President vs. 42% nationally. (see question 9)

In the second quarter survey 65% of California Realtors approved of Obama’s performance vs. 57% nationally.

Set forth below is the first, second and third quarter   California home prices data with the national data in parenthesis:

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Posted by: Louis Cammarosano on August 24th, 2009 under Home Prices, Home Values, HomeGain Market Data

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Spot Max! Orange Gorilla Cruising Around San Diego

With summertime here, Max decided to hit the surf and cruise around sunny San Diego, California, in a truck that could fit all his surf boards.

starbucksBy November, when the National Association of REALTORS® (NAR) Annual Conference is scheduled, Max will be very familiar with the area!

Have you seen Max on the road?

Let us know and you’ll receive a cute and cuddly Max gorilla of your own!

Check San Diego home prices

Learn more about San Diego real estatenavy-credit

Join the San Diego real estate market discussion on HomeGain Nation

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Posted by: Jessica Gopalakrishnan on June 29th, 2009 under Max

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HomeGain Releases California Home Values Survey Data

Earlier this week HomeGain released the results of a nationwide survey of nearly 700 HomeGain current and former Realtor members. The survey asked their opinions on home prices and the impact of the Obama stimulus package.  On this real estate blog we published the national and regional results.

The HomeGain member survey received national coverage and the results were noted 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 BlogReal Trends, Realtor Magazine, Inman News,Transparent Real Estate , Agent Genius and other blogs.

Yesterday we published the Texas home values survey data. Today we are releasing the California home values survey data. In the coming days we will be releasing survey data from New York, Florida and Illinois.

The California survey data reflects one of the more troubled real estate markets in the country with 98% of Realtors beleiving their clients’ homes have decreased in value in the past year (compared to 90% of Realtors in the rest of the country).

The level of foreclosures is higher in California than elsewhere as is the average home price. California Realtors were also among the most pessimistic on the direction of home prices in their state in the next six months, with nearly 70% predicting a further decline.

The data also shows that  nearly 20% of California Realtors believe that the Obama stimulus package would act to lower home prices further.

Set forth below is the California home prices data with the national data in parenthesis:

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Posted by: Louis Cammarosano on March 11th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Market Trends, Polls

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Real Estate Market Update: Santa Clara, CA

Market update provided by Wendi-Mae Davis Broker Associate/Real Estate Counselor at Connect Realty, Director of the California Association of Realtors (CAR), and Vice Chair Land Use/Environmental Committee

In a nutshell, market conditions in Santa Clara County (inventory, sales and DUI) continue to improve. Inventory is 146% of the 8-year average. That is down from 220% at the end of 2007. Offers initiated have increased from the 55% range to 114%. The volume of initiated sales has stayed above 100% since August 9th. There are a still larger than normal number of transactions that are failing to close. Consequently, closings are still only at 80% of normal in Santa Clara County. DUI has dropped 310% of normal at the end of January to only 114% of normal. A first level corrected DUI to compensate for the higher than normal failure rate would increase DUI to about 130% of normal.

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Posted by: Jessica Gopalakrishnan on October 30th, 2008 under Regional

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HomeGain’s Next Move to Support Realtors® in a Challenging Market

In response to current and forecasted market conditions, HomeGain has decided to reduce the referral fee for its AgentEvaluator program to 27% for all regular members and to 22% for Platinum and Gold Club members.

The new prices equate to a 10 percent reduction for all of HomeGain’s AgentEvaluator real estate agents and a 12 percent savings for HomeGain’s Platinum and Gold Club agents.

HomeGain’s AgentEvaluator Platinum Club and Gold Club members represent our top performing real estate professionals nationwide.

There are currently 299 Platinum Club members who have earned $125,000 or greater in gross commissions from their HomeGain leads, and 337 Gold Club members who have earned a minimum of $75,000 in gross commissions from their HomeGain leads. Continue reading this post

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Posted by: Louis Cammarosano on November 1st, 2007 under AgentEvaluator, HomeGain

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The Silver Lining

Realtor at a HouseThere are tons of media reports out there reporting on the real estate market in varying shades of mostly gray. You can’t log on to Inman News or Trulia and miss that it’s a little gloomy out there.

In fact, there are so many yard sale signs popping up on Zillow you almost can’t see the “homes for the ‘for sale’ signs”.

To their credit, Realtors® are adept at staying focused and getting the job done.

In fact, just the other day I heard from one of my long-time customers, Anthony Marguleas of Amalfi Estates in Los Angeles. Anthony deliberately surrounds himself with positive people and told me, “Business has been busy here and I just have to hustle a lot more. I am working to surround myself with positive people.”

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Posted by: Peggy Boehm on October 29th, 2007 under Realtor

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