Posts Tagged ‘ California realtor survey ’

HomeGain Releases 4th Qtr California Home Prices Survey Results

Earlier today HomeGainone of the first companies to provide free instant home valuations online, released the fourth quarter results of our nationwide survey of nearly 1000 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. On this real estate blog we published the national and regional 4th Qtr results.

california-state-outline 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, Georgia, Nevada, Pennsylvania, Massachusetts and other states.

The 4th quarter California home prices survey data reflects some  changes from the 3rd quarter California home prices survey.  In the third quarter 34% of home buyers thought that homes in the Golden State were fairly valued vs. 25% who think so in the current survey. (see question 3) Forty-eight percent of California home buyers now believe that homes are over priced vs 45% in the third quarter and 65% in the second quarter.

In the fourth quarter survey an increasing percentage of California Realtors expect home prices to rise  with 41% of  California Realtors expecting home prices to rise in the next six months vs. 34% who thought home prices would rise in the third quarter suvey. In the second quarter survey 22% of California Realtors thought prices would rise  just 9% thought so in the first quarter survey. (see question 6)

Fifty-seven percent of California Realtors somewhat approve or strongly approve of Obama’s performance as President vs. 51% in the third quarter. This contrasts favorably to Obama’s 42% approval rating nationally in the fourth quarter. (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: (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 as a Realtor think Barack Obama is performing in his role as President?

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Posted by: Louis Cammarosano on December 10th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Regional

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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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HomeGain Releases 2nd Qtr California Home Prices Survey Data

Earlier this week HomeGain, the first company to provide free instant home valuations onlinereleased the results of a nationwide survey of nearly 1150 HomeGain current and former Realtor members. The survey asked their opinions on home prices and what they thought of President Obama’s performance as Presidence so far.  On this real estate blog we published the national and regional 2nd Qtr results.

Yesterday HomeGain published the 2nd Qtr Texas home prices survey data. Today we are releasing the California home values survey data. In the coming days we will be releasing survey data from Florida, Illinois, New York, New Jersey, Arizona and other states.

The 2nd Qtr California home prices survey data reflects some significant  changes from the 1st quarter California home values survey. In the first quarter 69% California Realtors surveyed expected home values to decline. In the second quarter only 27% of California Realtors surveyed expect a further decline in home prices.

According to California Realtors, Californa home buyers are increasingly of the opinion that homes are overpriced with only 35% believing that California home prices are fairly or under valued vs. 40% who held that opinion in the first quarter.

Fifty-seven percent of California Realtors believe that the Obama Stimulus package has not had or will have any impact on home prices vs. 42% who believe the same in the first quarter.

Sixty-five percent of California Realtors somwhat approve or strongly approve of Obama’s performance as President, vs. 57% nationally.

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

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Posted by: Louis Cammarosano on May 20th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls

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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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