Earlier today HomeGain,  the first company to provide free instant home valuations online, released the fourth quarter results of our nationwide survey of nearly 1000 HomeGain current and former Realtor members. 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 national and regional 4th Qtr results.

Today we are releasing the California home values survey data. In the coming days we will be releasing home values survey data from Texas, Florida, Illinois, New York, New Jersey, Arizona, Virginia, North Carolina, Colorado, Georgia, Nevada, Pennsylvania, Massachusetts and other states.

The 4th quarter California home prices survey data reflects some  changes from the 3rd quarter California home prices survey.  In the third quarter 34% of home buyers thought that homes in the Golden State were fairly valued vs. 25% who think so in the current survey. (see question 3) Forty-eight percent of California home buyers now believe that homes are over priced vs 45% in the third quarter and 65% in the second quarter.

In the fourth quarter survey an increasing percentage of California Realtors expect home prices to rise  with 41% of  California Realtors expecting home prices to rise in the next six months vs. 34% who thought home prices would rise in the third quarter suvey. In the second quarter survey 22% of California Realtors thought prices would rise  just 9% thought so in the first quarter survey. (see question 6)

Fifty-seven percent of California Realtors somewhat approve or strongly approve of Obama’s performance as President vs. 51% in the third quarter. This contrasts favorably to Obama’s 42% approval rating nationally in the fourth quarter. (see question 9)

In the second quarter survey 65% of California Realtors approved of Obama’s performance vs. 57% nationally.

Set forth below is the first, second and third quarter California home prices data with the national data in parenthesis: (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 as a Realtor think Barack Obama is performing in his role as President?

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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 real estate values and what they thought of President Obama’s performance as President. On the HomeGain blog we published the full survey results.  Yesterday, we published the results of the third quarter California home prices survey

Today, we published the results of the third quarter Florida home prices survey and below the Texas home prices survey.

The national results of the first quarter survey of Realtors on home values painted a very pessimistic picture. The 1st quarter Texas survey data, however, revealed far less pessimism.  In the second quarter the national results indicated some improvement in the housing market, while Realtors in Texas believed their markets to be relatively stable

In the third quarter Texas home owners reduced their valuation expectations. Seventy-three percent of Texas homeowners in the third quarter believed their homes were worth either what their Realtors recommended or within 1-9% higher or lower vs. 45% who believed the same in the second quarter. (see question 2)

In the second quarter 49% of Texas home owners according to Texas Realtors believed their homes to be worth 10-30% higher than their Realtors’ recommended listing prices vs. just 23% of Texas home owners who in the third quarter survey believed their homes were worth 10-20% more than their Realtors’ recommended listing price. (see question 2)

Forty-six percent of home buyers in Texas now believe that home prices are over valued by less than ten percent vs. 27% who so believed in the second quarter Texas home prices survey. In the second quarter, thirty-two percent of Texas home buyers believed that home prices were over valued by 10-20% vs.  12% who now believe the same. (see question 3)

Forty-three percent of Texas Realtors now believe home values in their state will increase over the next six months vs. 24% who so believed in the second quarter. Seventeen percent of Texas Realtors realtors believe that home prices will decrease over the next six months vs. 24% who so believed in the second quarter. (see question 6)

In a dramatic divergence from the national results, President Obama’s approval rating among Texas Realtors came in at just 28% (vs. 42% nationally) with 60% of Texas Realtors “strongly disapproving” and 12% “somewhat disapproving” of the President’s performance. (see question 9)

Set forth below is the first, second and third quarter Texas home prices data  with the national data in parenthesis:

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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)

Set forth below is the first, second and third quarter  Florida home prices data with the national data in parenthesis: Continue reading this post

Yesterday HomeGain,  the first company to provide free instant home valuations online, released the third quarter results of our nationwide survey of nearly 1100 HomeGain current and former Realtor members. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President so far. On this real estate blog we published the national and regional 3rd Qtr results.

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

The 3rd quarter California home prices survey data reflects some significant changes from the 2nd quarter California home prices survey.  In the second quarter only 18% of home buyers thought that homes in the Golden State were fairly valued vs. 34% who think so in the current survey. (see question 3)

In the third quarter survey 34% of  California Realtors expect home prices to rise in the next six months, vs. 22% who thought home prices would rise in the second quarter suvey and vs. just 9% of California Realtors who thought home prices would rise in the next six months in the first quarter survey. (see question 6)

Fifty-one percent of California Realtors somwhat approve or strongly approve of Obama’s performance as President vs. 42% nationally. (see question 9)

In the second quarter survey 65% of California Realtors approved of Obama’s performance vs. 57% nationally.

Set forth below is the first, second and third quarter   California home prices data with the national data in parenthesis:

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