Posts Tagged ‘ homeowners ’

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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HomeGain Releases 4th Quarter 2010 Regional Home Values Survey Results

The national results of HomeGain’s Fourth Quarter 2010 Home Values Survey (conducted from December 1-7) of more than 1,000 real estate professionals and 2,300 homeowners revealed some significant regional differences.

Below are the regional results of the entire survey, categorized into four regions*, Northeast, Southeast, Mid-West and West.

Questions and Regional 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 think Barack Obama is performing in his role as President?

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Posted by: Louis Cammarosano on December 12th, 2010 under Home Prices, Home Values, Home Values Surveys, HomeGain, HomeGain Market Data

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Holiday Open House

Here’s my recipe for a Holiday Open House.  The goal is to celebrate the season in a warm, inviting home.  The holidays give a perfect opportunity to showcase a home.

Invitationsopen-house-ornamnets

Invite the neighbors, as well as those folks who are looking for a new home.  You can reach prospective buyers by inviting agents you know who regularly represent buyers.  The invitations should mimic a Holiday card.  The Open House signs on the street should also be festive.  Unlike other Open Houses, have the homeowners in attendance.

Home Decor

Decorate the home with traditional holiday trimmings.  A Christmas tree adorned with beautiful ornaments and flickering lights makes an inviting focal point.  Place wreaths in the windows and on the doors.  Remove furniture to make the space larger.

A crackling fire (if there is a fireplace) gives off a romantic glow and creates a peaceful ambiance.  I’ve use color crystal color sticks and pine cones, which turn the flames green, red and blue– a wow factor.

Curb Appeal

Use flood lights to create dramatic effects.  Point them to the front door and other outdoor walls.  Uplight any trees nearby.  Or you can just have an electric candlelight in each window.  Stick with classic white lights– you don’t want the Coney Island effect with colored lights. Don’t go crazy with the blow up Grinch and Santa Sleigh. Continue reading this post

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Posted by: Joseph Ferrara on December 21st, 2009 under Buying or Selling a Home

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Should I Bother Listing My Home During the Holidays?

This is a pretty common question this time of year. I think the answer depends on your personal situation. I met with two homeowners within the last week that want to list their homes and both couples asked this same question.

house_present

My advice was that there is no reason to wait because it was not going to disrupt either of their holidays.

If either of them were having visitors for the holidays or was a large family with kids running around the house all day I probably would have advised them to wait.

Here are 5 reasons to list your home during the holiday season:

1.  This time of year many Realtors are taking time off or advising their sellers to wait until January to put their home up for sale. That means fewer listings are coming on the market. Wouldn’t you rather be 1 of say 10 new listings versus 1of 40? Your listing will be noticed more to those who are actively looking. There are always buyers on the sidelines waiting for new listings. Many of them receive new listings daily via email. Listing your home during the holidays might mean that you stand out more amongst all of the other new listings.

2.    If a home buyer is looking during the holidays there is a strong chance that they are motivated to purchase.

3.    The first time home-buyer tax credit has been extended. This might have created a sense of urgency and motivation for some to buy. Continue reading this post

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Posted by: Marc Rasmussen on December 18th, 2009 under Buying or Selling a Home

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Real Estate Radio USA Airs News of HomeGain’s Latest AgentView Integration

Real Estate Radio USA interviewed Louis Cammarosano and me last week to find out about our latest integration—Home Sale Maximizer with AgentView.

Listen to our radio segment to find out what Louis Cammarosano and I had to say and why Home Sale Maximizer is making headlines.

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Posted by: Jessica Gopalakrishnan on September 24th, 2008 under AgentView, HomeGain

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The Reason Most People Buy Homes: Has It Been Forgotten?

People buy things for its “utility”, the pleasure or service received from a product or service, be it food, clothing, house cleaning, a car, a wide-screen TV, a computer, a hair cut, a manicure, and …a home.

I can attest first hand to the fact that when I show potential homebuyers a home, I don’t hear: “Oh look honey, we can make $15,000 on this kitchen when we go to sell it in 7 years”, or, “Wow, this wonderful back yard will net us $50K in 2015. People generally don’t think like that. They are looking at a home for its potential use and pleasure, its utility.

This doesn’t mean the homebuyer shouldn’t be prudent with their money. Most people should eventually buy a home, but not everyone and not at every point in their lives.

Obviously, responsible lending practices, coupled with a true understanding of what one can afford in a home are omnipotent. And the time to determine what one can afford is not in the kitchen of that “dream home” that was just viewed, but in advance with your lender and REALTOR®.

There are those that argue that a home’s future appreciation is extremely important in making a purchasing decision. I certainly don’t advocate purchasing a home to experience negative equity! But are we talking short term, or long term?

Homeowners benefit from the power of leverage. Over 10 years, a $10,000 investment in the stock market at a normal 10 percent rate of return would yield Continue reading this post

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Posted by: John Badalamenti on August 15th, 2008 under Buying or Selling a Home

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