Forty-five percent of Florida real estate professionals think home prices will decline over the next six months; 78% of Florida agents and brokers disapprove of Obama’s performance as President.
Last month, HomeGain, one of the first companies to provide free instant home valuations online, released the fourth quarter results of our nationwide home values survey of over 1000 HomeGain current and former members and 2300 home owners. Our 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 4th quarter 2010 national results as well as the complete 4th quarter 2010 regional results, including commentary from real estate agents and brokers.
Earlier we released the 4th quarter 2010 California home values survey data. In the coming days we will be releasing home values survey data from Texas, Illinois, New York, New Jersey, Arizona, Virginia, North Carolina, Colorado, Georgia, Nevada, Pennsylvania, Massachusetts and other states.
Today we are releasing the 2nd quarter 2010 Florida home prices survey data.
The current survey shows that 55% of home buyers in the Sunshine state believe that home prices are either fairly priced or just 1-10% over priced vs. 46% who thought so in the third quarter 2010 Florida home values survey vs. 55% who thought so in the 2nd quarter 2010 Florida home prices survey vs. 46% who thought so in the first quarter 2010 Florida home prices survey and fourth quarter 2009 Florida home prices survey and 42% who thought so in the third quarter 2009 Florida home prices survey.
In the current survey 26 % of home buyers thought home prices were fairly valued vs. 21% in the third quarter vs. 22% in the second and first quarters of 2010. (See question 3)
Forty-five percent of of Florida real estate professionals surveyed in the fourth quarter believe that home prices in their state will decrease in the next six months vs. 56% who believed so in the third quarter of 2010 vs. 41% who so believed in the second quarter of 2010 and 34% who so believed in the third quarter of 2009.
Thirty-eight of Florida homeowners believe that home prices will decrease in the next six months and 18% think they will increase. Fifteen percent of Florida agents and brokers think home prices will increase in the next six months (see question 6)
Seventy-eight percent of surveyed agents and brokers disapproving of President Obama’s performance (with 62% “strongly disapproving”) . In the third quarter of 2010, 78% of Florida agents and brokers disapproved the President’s performance.
The Presidents fared slightly better among surveyed Florida homeowners. Sixty-six percent of Florida homeowners disapproved of the President’s performance with 39% “strongly disapproving”. (see question 10)
Set forth below is the fourth quarter 2010 real estate professional and home owner Florida home prices survey data along with the third quarter 2009 and 2010 real estate professional survey data along with the fourth quarter 2010 national home prices survey data: (click on each question to see complete results):
- Have home prices increased, decreased or stayed the same in the last year?
- On average, what do homeowners believe that their home is worth?
- How do buyers feel that homes for sale are priced?
- 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?
- What is the average difference in price between what a home is listed at and what a home sells for?
- In the next six months, will the values of homes in your market increase, decrease or stay the same?
- What percentage of homes for sale are foreclosures in your area?
- What is the average home price in your area?
- What percentage of your clients are first-time buyers?
- How do you think Barack Obama is performing in his role as President?