Yesterday HomeGain, the 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: