Fifty-one percent of Florida real estate professionals think home prices will increase over the next six months; Fifty percent of homeowners think home prices will stay the same

by Louis Cammarosano

HomeGain, one of the first companies to provide free instant home valuations online, released the results of our second quarter 2012 nationwide home values survey of over of over 400 HomeGain current and former members and more than 1,700 home owners. 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 2nd quarter 2012 national results as well as the complete 2nd quarter 2012 regional results, including commentary from real estate agents and brokers.

Earlier we released the California home values survey data. Today we are releasing the Florida home values survey data. In the coming days we will be releasing home values survey data from Texas, Illinois, New York, New Jersey, Arizona and other states.

See all past Florida home values surveys.

Set forth below is the second quarter 2012 real estate professional and home owner Florida home prices survey data along with the first quarter 2012 real estate professional survey data and the second quarter 2011 national home prices survey data: (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. In the next two years, will the values of homes in your market increase, decrease or stay the same?
8. What percentage of homes for sale are foreclosures in your area?
9. What is the average home price in your area?
10. What percentage of your clients are first-time buyers?
11. How do you think Barack Obama is performing in his role as President?
12. If the Presidential election were held today, who would you vote for?
13. If the Presidential election were held today, who would you vote for? (Part 2)

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The market is turning in the sunshine state. What was once considered the worst real estate market in the nation is now considered by many to be one of the brightest.

How could it not?

Prices have dropped substantially in Florida over the last 5 years. In some areas of Sarasota, Florida you can find a home for less than half of what is sold for 2005. If the price of almost anything is cut in half someone is bound to show interest. That is the free market.

Realtor.com released their top 10 turnaround markets and 6 of the 10 were Florida cities. Miami, Orlando, Ft. Myers/Cape Coral, Ft. Lauderdale, Sarasota/Bradenton and Lakeland/Winter Haven were on the list.

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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):

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 think Barack Obama is performing in his role as President?

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Fifty-six 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 week, HomeGain, the first company to provide free online instant home valuations, released the third quarter results of our nationwide survey of over 1,100 HomeGain current and former members and 2,600 homeowners. Our survey asked their opinions on home values and what they thought of President Obama’s performance as President. On this blog we published the 3rd quarter 2010 national results as well as the complete 3rd quarter 2010 regional results, including commentary from real estate agents and brokers.

Yesterday we released the 3rd quarter California home prices survey data and today we released the results of the 3rd quarter 2010 Texas home values survey. In the coming days we will be releasing home values survey data from Florida, 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 survey shows that 46% of home buyers in the Sunshine state believe that home prices are either fairly priced or just 1-10% over priced 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 21% of home buyers thought home prices were fairly valued vs. 22% in the second and first quarters of 2010, vs. 23% in the fourth quarter of 2009, vs. 24% who so believed in the third quarter of 2010, vs. 18% who so believed in the second quarter Florida home prices survey and vs. 15% who so believed in the first quarter 2009 Florida home prices survey. (See question 3)

Fifty-six percent of of Florida real estate professionals surveyed in the second quarter believe that home prices in their state will decrease in the next six months vs. 41% who so believed in the second quarter of 2010 and 46% who so believed in the third quarter of 2009. Forty percent of Florida homeowners believe that home prices will decrease in the next six months and 15% think they will increase. Just 9% of Florida agents and brokers think home prices will increase in the next six months (see question 6)

Support for President Obama was low with 78% of surveyed agents and brokers disapproving of his performance (63% “strongly disapproving”) . In the second quarter 79% of Florida agents and brokers disapproved of the President’s performance with 62% “strongly disapproving”. In the first quarter of 2010 Obama’s disapproval rating among agents and brokers was 66% with 56% “strongly disapproving” vs. 65% disapproving in the fourth quarter of 2009, vs. a disapproval rating of 57% in the third quarter of 2009 and 45% in the second quarter of 2009.

The Presidents fared slightly better among surveyed Florida homeowners. Sixty-four percent of Florida homeowners disapproved of the President’s performance with 49%  “strongly disapproving” vs. 63% disapproving (46% “strongly disapproving”) in the second quarter of 2010. (see question 10)

Set forth below is the third quarter 2010 real estate professional and home owner Florida home prices survey data along with the 2nd quarter 2009 and 2010 real estate professional survey data along with the third quarter 2010 national home prices survey data: (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 think Barack Obama is performing in his role as President?

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Earlier this week, HomeGain, one of the first companies to provide free online instant home valuations, released the second quarter results of our nationwide survey of over 900 HomeGain current and former members and 3500 home owners. 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 2nd quarter 2010 national results as well as the complete 2nd quarter 2010 regional results, including commentary from real estate agents and brokers.

Yesterday we released the second quarter 2010 California home prices survey results.

Today we are releasing the 2nd quarter 2010 Florida home prices survey data.

The 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 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 22% of home buyers thought home prices were fairly valued vs 22% in the first quarter of 2010, vs. 23% in the fourth quarter of 2009, vs. 24% who so believed in the third quarter, vs. 18% who so believed in the second quarter Florida home prices survey and vs. 15% who so believed in the first quarter 2009 Florida home prices survey. (See question 3)

Forty -one percent of Florida real estate professionals surveyed in the second quarter believe that home prices in their state will decrease in the next six months vs. 33% who so believed in the first quarter of 2010, vs 34% who so believed in the fourth quarter of 2010, vs 34% in the third quarter of 2010 , 46% in the second quarter of 2010  and 64% in the first quarter. (see question 6)

Support for President Obama continued to deteriorate with 79% of surveyed  agents and brokers disapproving of his performance, with 62% “strongly disapproving”.  In the first quarter Obama’s disapproval rating among agents and brokers was 66% with 56% “strongly disapproving” vs. 65% disapproving in the fourth quarter, vs. a disapproval rating of 57% in the third quarter and 45% in the second quarter.

The Presidents fared slightly better among surveyed Florida homeowners. Sixty-three percent of Florida homeowners disapproved of the President’s performance with 46% strongly disapproving. (see question 10)

Set forth below is the second quarter 2009 and 2010 Florida home prices data along with the national first quarter 2010 agent and broker and second quarter 2010 agents and broker and  homeowner data : (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 think Barack Obama is performing in his role as President?

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Last week, HomeGain, one of the first companies to provide free instant home valuations online,  released the national  results of our first quarter 2010 home prices survey of over 1400 HomeGain current and former members. The survey asked their opinions on home values and what they thought of President Obama’s performance as President so far. On the HomeGain real estate blog we published the full survey results, including broker and agent commentary and charts.  Also last week, we published the results of the first quarter Texas home prices and California home prices survey results.

Today we are releasing the Florida home prices survey data.

The survey shows that 48% of homebuyers 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 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 22% of home buyers thought home prices were fairly valued vs 23% in the fourth quarter of 2009, vs. 24% who so believed in the third quarter, vs. 18% who so believed in the second quarter Florida home prices survey and vs. 15% who so believed in the first quarter Florida home prices survey.  (See question 3)

Thirty-three percent of Florida real estate professionals surveyed in the first quarter believe that home prices in their state will decrease in the next six months vs. 34% who so believed in the  fourth quarter, vs 34% in the third quarter, 46% in the second quarter and 64% in the first quarter. (see question 6)

President Obama continued to fare poorly with Florida’s agents and brokers with his disapproval rating coming in at 66% with 56% “strongly disapproving”  vs. 65% disapproving in the fourth quarter, vs. a disapproval rating of 57% in the third quarter and 45% in the second quarter. (see question 10)

Set forth below is the first quarter 2010 and 2009 Florida home prices data with the national first quarter data: (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 think Barack Obama is performing in his role as President?

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