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 Blog, Real 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: