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HomeGain Releases 3rd Quarter 2012 National Home Values Survey Results

Fifty-one percent of real estate professionals expect home values to increase, up from 48 percent from last quarter; Sixty-seven percent disapprove of Obama’s performance as President; Mitt Romney favored over Barack Obama by both real estate professionals and homeowners

HomeGain, one of the first companies to provide free instant home valuations online, announced the results of its nationwide third quarter 2012 home values survey. Over 300 real estate agents and brokers and over 2,200 homeowners were surveyed. We also released the regional results of the third quarter 2012 HomeGain home values survey.

Real estate professionals continue to be more optimistic about the direction of home values than homeowners. Fifty-one percent of real estate professionals expect home values to increase, unchanged from last quarter. Thirty-four percent of homeowners expect home values to increase, up from 27 percent last quarter.

Eighty percent of real estate professionals and 62 percent of homeowners think home values will increase in the next two years. In contrast, just five percent of real estate professionals and 14 percent of home owners think home values will decrease in the next two years. Fifteen percent of real estate professionals and 24 percent of homeowners think home values will stay the same in the next two years.

Eleven percent of real estate professionals expect home values to decrease in the next six months, down from 14 percent from last quarter. Twenty percent of homeowners expect home values to decrease in the next six months, down from 24 percent from last quarter.

Thirty-eight percent of real estate professionals and 46 percent of homeowners believe home values will stay the same in the next six months.

According to surveyed agents and brokers, 76 percent of homeowners believe their homes are worth more than the recommended agent listing price. In contrast, 60 percent of home buyers believe homes are overpriced.

“Optimism about the direction of home prices continues to grow,” said Louis Cammarosano, General Manager of HomeGain. “The survey show an increase in optimism, especially over the course of the next two years, as 80 percent of real estate professionals expect home prices to be higher than they are today.” said Louis Cammarosano, General Manager of HomeGain.

Top 10 States Where Real Estate Agents and Homeowners Think Home Prices Will Go Up in the Next Six Months:


Top 10 States Where Real Estate Agents and Homeowners Think Home Prices Will Go Down In the Next Six Months:


Fifty-three percent of agents and brokers surveyed indicated that they “strongly disapproved” and 14 percent “somewhat disapproved” of Barack Obama’s performance as President, earning him a 67 percent disapproval rating, an increase of one percent in the disapproval rating of agents and brokers surveyed in the second quarter of 2011. In the second quarter of 2012, the President also had a 66 percent disapproval rating among agents and brokers.

Forty-five percent of homeowners “strongly disapproved” and 11 percent “somewhat disapproved” of the President’s performance, earning him a 56 percent disapproval rating. The President had a 59 percent disapproval rating last quarter among surveyed homeowners with 46 percent “strongly disapproving.” The Rasmussen Daily Presidential Approval Index taken during the same period as the HomeGain Second Quarter 2012 Home Values Survey indicated that both of the President’s average approval and disapproval ratings were 49 percent, with an average of 41 percent “strongly disapproving” of his performance and an average of 29 percent “strongly approving” of his performance.

Top 10 States Where Real Estate Agents and Homeowners Approve of Barack Obama’s Performance as President:


Top 10 States Where Real Estate Agents and Homeowners Disapprove of Barack Obama’s Performance as President:


The survey was conducted from September 11 – September 21, 2012.

View all prior HomeGain national and state home prices surveys.

Set forth below are the results of the third quarter 2012 and second quarter 2012 national home values surveys as well as the results of the third quarter 2011 survey. Also set forth below for selected questions is the national home owner response data for the third quarter of 2012. Click on each question to see complete results:

Questions and National 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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Posted by: Louis Cammarosano on September 27th, 2012 under Home Prices, Home Values, Home Values Surveys

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