HomeGain®, one of the first websites to provide free instant home values, today announced the results of an extensive nationwide home price survey of current and former HomeGain Realtor® members.
The results published below show generally that HomeGain Realtor members are of the opinion that home sellers believe their homes to be worth more than Realtors and homebuyers believe that they are worth.
A recent Zillow® poll showed that sellers were no longer ‘in denial’ regarding the U.S. housing slide. The latest HomeGain survey, however, underscores that while homeowners may be aware of falling home prices around the country, many believe that the slide doesn’t apply to their homes. Our survey shows that homebuyers and Realtors are telling homeowners their homes are worth considerably less than homeowners think they are.
A majority of HomeGain Realtor members believe home prices will continue to fall in the next six months and that the Obama stiumulus package will do little to change the direction of home values.
Here are the complete results of the first quarter 2009 HomeGain Realtor® Home Values Survey.
1. On average, in the last year do you think your homeowner clients home values have: