Yesterday, HomeGain, the first company to provide free instant home valuations online, released the national and regional results of our third quarter home prices survey of nearly 1100 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. Yesterday, we published the results of the third quarter California home prices survey.
Today we are releasing the Florida home prices survey data.
The survey shows an increase in the percentage of home buyers who believe that home prices are fairly valued. In the third quarter 24% of buyers thought home prices in the Sunshine state were fairly valued, vs 18% who so believed in the second quarter Florida home prices survey and and 15% who so believed in the first quarter Florida home prices survey. (see question 3)
The percentage of Florida Realtors surveyed in the third quarter who believe that home prices in their state will decrease in the next six months increased sharply from the second quarter with 46% of believing that home values will fall in the next six months vs. 24% who so believed in the second quarter. (see question 6)
President Obama’s approval rating fell among Florida Realtors from 57% in the second quarter to 43% in the third quarter. This is roughly inline with the national drop in the President’s approval rating. (see question 9)