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HomeGain Releases Florida Home Values Survey Data

Earlier this week HomeGain released the results of a nationwide survey of nearly 700 HomeGain current and former 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, the Boston Real Estate Blog, Real Trends, Realtor Magazine, Inman News, Transparent Real Estate, Agent Genius and other blogs.

Today we are releasing the Florida home values survey data. In the past few days we published the Texas, California and Illinois survey data. Later this week we will release the New York survey data.

The Florida survey data reflects a very troubled market. ALL of the 70+ Florida survey respondents believed that their clients’ homes had decreased in value during the past year.

According to the survey, nearly 20% of Realtors report that 50-75% of homes in their markets are foreclosures with just 5% reporting that level nationwide.

The Florida data also shows a higher than national average skepticism regarding the Obama stimulus package. Sixty-six percent of Florida Realtors believe that the package will have no impact or cause home prices to drop further vs. 58% nationwide.

Set forth below is the Florida home prices data with the national data in parenthesis: Continue reading this post

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Posted by: Louis Cammarosano on March 13th, 2009 under Home Prices, Home Values, HomeGain Market Data, Market Trends, Polls

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