Yesterday, HomeGain, one of he first companies to provide free instant home valuations online, released the national and regional results of our fourth quarter home prices survey of nearly 1000 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 Realtor commentary and charts. Yesterday, we published the results of the fourth quarter Texas home prices and California home prices survey results.
Today we are releasing the Florida home prices survey data.
The survey shows that nearly half of home buyers in the Sunshine state believe that home prices are either fairly priced or just 1-10% over priced (46%) vs 42% who thought so in the third quarter Florida home prices survey. In the third quarter, 36% of home buyers thought home prices were over priced by 10-20% vs 23% who so thought so in the fourth quarter.
In the fourth quarter 23% of home buyers thought home prices were fairly valued 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)
The percentage of Florida Realtors surveyed in the fourth quarter who believe that home prices in their state will decrease in the next six months decreased sharply from the third quarter with 34% believing that home values will fall in the next six months vs. 46% who so believed in the second quarter. (see question 6)
President Obama’s approval rating continued to fall among Florida Realtors with 65% “strongly” (52%) or “somewhat” (13%) disapproving of the President’s performance up from a disapproval rating of 57% in the third quarter and 45% in the second quarter. This represents a divergence from the national average in which 56% of surveyed Realtors expressed their disapproval (see question 10)
Set forth below is the first, second, third and fourth quarter Florida home prices data with the national data in parenthesis: (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 as a Realtor think Barack Obama is performing in his role as President?