Posts Tagged ‘ Illinois real estate market ’

HomeGain Releases 1st Quarter 2011 Illinois Home Values Survey Results

chicagoshutterstock_42008008

Fifty-Seven Percent of Illinois Real Estate Professionals Predict Home Values Will Decline in the Coming Six Months

Last month, HomeGain, one of the first companies to provide free instant home valuations online, released the results of our first quarter 2011 nationwide home values survey of over 750 HomeGain current and former members and 1600 home owners. 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 1st quarter 2011 national results as well as the complete 1st quarter 2011 regional results, including commentary from real estate agents and brokers.

Earlier this month we released the  California 1st quarter 2011 home values survey data and the Florida 1st quarter 2011 home values survey data, the 1st quarter 2011 Texas home prices survey data , the 1st quarter 2011 New York home prices survey data and the first quarter 2011 New Jersey home values survey data.  In the coming days we will be releasing home values survey data from,  Arizona, Virginia, North Carolina, Colorado, Georgia, Nevada, Pennsylvania, Massachusetts and other states.

Today we are publishing the Illinois home prices survey data..

Set forth below is the first quarter 2011 real estate professional and home owner Illinois home prices survey data along with the fourth  quarter 2010 real estate professional survey data and the first quarter 2011 national home prices survey data: (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 think Barack Obama is performing in his role as President?

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Posted by: Louis Cammarosano on April 21st, 2011 under Home Prices, Home Values, Home Values Surveys, HomeGain, Polls, Regional

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HomeGain Releases 4th Quarter 2010 Illinois Home Values Survey Results

chicagoshutterstock_42008008

Sixty-Seven Percent of Illinois Real Estate Professionals Predict Home Values Will Decline in the Coming Six Months

Last month, HomeGain, one of  the first companies to provide free instant home valuations online,  released the fourth quarter results of our nationwide home values survey of over 1000 HomeGain current and former members and 2300 home owners.  The survey asked their opinions on home values and what they thought of President Obama’s performance. On this blog we published the 4th quarter 2010 national results as well as the complete 4th quarter  2010 regional results, including commentary from real estate agents and brokers.

Earlier we released the 4th quarter 2010 California home values survey, 4th quarter 2010 Florida home values survey and the 4th quarter 2010 Texas home values survey data. In the coming days we will be releasing home values survey data from  New York, New Jersey, Arizona, Virginia, North Carolina, Colorado, Georgia, Nevada, Pennsylvania, Massachusetts and other states.

Today we are publishing the Illinois home prices survey data.

In the current survey 43% of Illinois home sellers believe that their homes should be priced 10–20% higher than their Realtor’s recommended listing prices vs. 44%% who thought so in the third quarter 2010 Illinois home prices survey vs. 41% who believed so in the second quarter 2010 Illinois home values survey vs. 43% who so believed in the first quarter 2010 Illinois home values survey. In the fourth quarter 2009 Illinois home values survey, 37% of home sellers thought their homes should be priced 10-20% higher. (see question 2)

Illinois home buyers continue to believe that homes are over priced in their state. According to real estate agents and brokers surveyed, sixty-six percent of Illinois home buyers think that homes are over priced in their state with 18% thinking that homes are fairly valued. In the third quarter 66% of Illinois home buyers believed that home prices were over valued. (see question 3)

Sixty-seven percent of Illinois real estate professionals expect home prices to decrease in their state over the next six months vs. 69% who thought so in the third quarter vs. 39 % who thought so in the second quarter of 2010. Just 2% of Illinois real estate professionals expect prices to increase in thier state over the next six months.

Forty-six percent of Illinois homeowners think home prices will remain the same over the next six months vs. 48% who thought so in the third quarter. Eighteen percent of Illinois homeowners expect prices to increase in the next six months vs. 13% who thought so in the third quarter. Forty-one percent of homeowners in Illinois expect home prices to decrease vs. 39% who so expected in the third quarter. (see question 6)

President Obama’s approval rating among surveyed Illinois agents and brokers fell in the third quarter to 39% down from 42% in the third quarter and down from 53% in the fourth quarter of 2009.

Illinois home owners gave the the former Illinois Senator a 44% approval rating uo from 41% in the third quarter. Nationally 68% of surveyed agents and brokers and 60% of homeowners disapproved of the President’s performance. (see question 10).

Set forth below is the fourth quarter 2010 real estate professional and home owner Illinois home prices survey data along with the third quarter 2009 and 2010 real estate professional survey data along with the fourth quarter 2010 national home prices survey data: (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 think Barack Obama is performing in his role as President?

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Posted by: Louis Cammarosano on January 4th, 2011 under Home Prices, Home Values, Home Values Surveys, HomeGain, HomeGain Market Data, Polls, Regional

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HomeGain Releases 3rd Quarter 2010 Illinois Home Values Survey Results

chicagoshutterstock_42008008

Sixty-Nine Percent of Illinois Real Estate Professionals Predict Home Values Will Decline in the Coming Six Months

Last month, HomeGain, one of the first companies to provide free online instant home valuationsreleased the third quarter results of our nationwide survey of over 1,100 HomeGain current and former members and 2,600 homeowners. Our survey asked their opinions on home values and what they thought of President Obama’s performance as President. On this blog we published the 3rd quarter 2010 national results as well as the complete 3rd quarter 2010 regional results, including commentary from real estate agents and brokers.

Earlier we released the results of the  3rd quarter 2010 California home prices survey,  the 3rd quarter 2010 Texas home values survey, the 3rd quarter 2010 Florida home values survey, the 3rd quarter 2010 New York home values survey and the 3rd quarter 2010 New Jersey home values survey In the coming days we will be releasing home values survey data from  Arizona, Virginia, North Carolina, Colorado, Georgia, Nevada, Pennsylvania, Massachusetts and other states.

Today we are publishing the Illinois home prices survey data.

In the current survey 44% of Illinois home sellers believe that their homes should be priced 10–20% higher than their Realtor’s recommended listing prices vs. 41% who believed so in the second quarter 2010 Illinois home values survey vs. 43% who so believed in the first quarter 2010 Illinois home values survey. In the second quarter 2009 Illinois home prices survey, 37% of home sellers thought their homes should be priced 10-20% higher. (see question 2)

Illinois home buyers continue to believe that homes are over priced in their state. According to real estate agents and brokers surveyed, sixty-six percent of Illinois home buyers think that homes are over priced in their state with just 14% thinking that homes are fairly valued. In the second quarter 63% of Illinois home buyers believed that home prices were over valued.  (see question 3)

Sixty-nine percent of Illinois real estate professionals expect home prices to decrease in their state over the next six months vs. 39 % who thought so in the second quarter of 2010. Twenty-five percent of Illinois agents and brokers expect home prices in their state to stay the same over the next six months vs. 58% who expected home prices to stay the same in the second quarter.

Forty-eight percent of Illinois homeowners think home prices will remain the same over the next six months vs. 52% who thought so in the second quarter. Thirteen percent of Illinois homeowners expect prices to increase in the next six months vs. 27% who thought so in the second quarter. Thirty nine percent of homeowners in Illinois expect home prices to decrease vs.  21% who so expected in the second quarter. (see question 6)

President Obama’s approval rating among surveyed Illinois agents and brokers fell in the third quarter to 42% down from 58%  in the second quarter.

Illinois home owners gave the the former Illinois Senator a 41% approval rating down from 51% in the second quarter. Nationally two thirds of surveyed agents and brokers and 61% of homeowners disapproved of the President’s performance. (see question 10).

Set forth below is the third quarter 2010 real estate professional and homeowner Illinois home prices survey data along with the 2nd quarter 2009 and 2010 real estate professional survey data along with the third quarter 2010 national home prices survey dataClick 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 think Barack Obama is performing in his role as President?

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Posted by: Louis Cammarosano on October 5th, 2010 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls, Regional

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HomeGain Releases 1st Quarter 2010 Illinois Home Prices Survey Results

chicagoshutterstock_42008008

Last week, HomeGain, one of the first companies to provide free instant home valuations online, released the national and regional results of our first quarter home prices survey of more than 1,400 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, including agent and broker commentary and charts. Earlier, we published the results of the first quarter 2010 Texas home prices survey, Florida home prices survey , California home prices survey, New York home prices survey and New Jersey home prices survey results.

Today we are publishing the Illinois home prices survey data.

In the first quarter 2009 Illinois home values survey, 51% of home sellers believed their homes should be priced 10-20% higher than than the Realtor recommended listings price and 21% thought their homes should be priced 21-30% higher. In the second quarter 2009 Illinois home prices survey, 37% of home sellers thought their homes should be priced 10-20% higher and only 6% thought their homes should be priced 21-30% higher. The second quarter drop in Illinois home owners’ pricing expectations was temporary. In the third quarter 2009 survey 53% of home sellers in Illinois believe their homes should be priced 10-20% higher and 11% believe they should be priced 21-30% higher.

In the fourth quarter2009 Illinois home prices survey home sellers returned to the more moderate home price expectations that they had in the second quarter. Thirty-seven percent of Illinois home owners believe that their homes should be priced 10-20% higher and just 3% thought their homes should be priced 21-30% higher than their Realtors’ recommended listing price.

In the first quarter 2010 Illinois home prices survey 43% of home owners thought that their homes should be priced 10-20% higher than the recommended listing price. (see question 2).

An increasing percentage of Illinois home buyers  believe that homes are more fairly priced than they were last year. Twenty one percent of Illinois home buyers believe that homes are fairly priced vs. 9% oIn the current survey 32%  home buyers thought home prices were over valued by 10-20% vs 39% in the fourth quarter vs. 40% in the third quarter and 45% in the first quarter. Twenty one percent of Illinois home buyers now think homes are fairly priced vs. just 9% who thought so in the first quarter of 2009. (see question 3).

Just 18% of Illinois real estate professionals expect home prices to increase in their state over the next six months vs. 21% who thought so in the fourth quarter of 2009. Fifty-three percent of Illinois agents and brokers  expect home prices in their state to decrease over the next six months vs. 42% who expected price decreases in the fourth quarter survey. (see question 6)

President Obama’s approval rating among Illinois agents and brokers  fell in the first quarter with 53% disapproving his performance vs. 53% who approved his performance in the fourth quarter of 2009. (see question 10).

Set forth below is the 2009 and 2010 first quarter Illinois home prices data with the first quarter national data — 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 think Barack Obama is performing in his role as President?

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Posted by: Louis Cammarosano on April 1st, 2010 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls, Regional

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HomeGain Releases 4th Quarter Illinois Home Prices Survey Results

On Thursday, HomeGain,one of the first companies to provide free instant home valuations online, released the national and regional results of our fourth quarter home prices survey of nearly 1000 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, including Realtor commentary and charts.  Also last week, we published the results of the fourth quarter Texas home prices, Florida home pricesNew York home prices, New Jersey home prices and  California home prices survey results.

chicagoshutterstock_42008008Today we are publishing the Illinois home prices survey data.

In the first quarter Illinois home values survey, 51% of home sellers believed their homes should be priced 10-20% higher than than the Realtor recommended listings price and 21% thought their homes should be priced 21-30% higher. In the second quarter Illinois home prices survey, 37% of home sellers thought their homes should be priced 10-20% higher and only 6% thought their homes should be priced 21-30% higher.  The second quarter drop in Illinois home owners’ pricing expectations was temporary. In the third quarter survey 53% of home sellers in Illinois believe their homes should be priced 10-20% higher and 11% believe they should be priced 21-30% higher.

In the fourth quarter survey  home sellers returned to the more moderate home price expectations that they had in the second quarter. Thirty-seven percent of Illinois home owners  believe that their homes should be priced 10-20% higher and just 3% thought their homes should be priced 21-30% higher than their Realtors’ recommended listing price (see question 2).

Illinois home buyers continue to believe that homes are more fairly priced than they were earlier in the year. In the current survey 39%  home buyers thought home prices were over valued by 10-20% vs 40% in the third quarter and 45% in the first quarter. Eighteen percent of Illinois home buyers think homes are fairly priced vs. just 9% who thought so in the first quarter. (see question 3).

Fifty-seven percent of  Illinois Realtors expect home prices in their state to remain the same or increase over the next six months vs. 57% who expected the same in the third quarter and 51% who thought so in the second quarter (see question 6).

President Obama’s approval rating among Illinois Realtors improved in the fourth quarter with 53% approving his performance vs. 46% nationally. In the third quarter the former Illinois Senator received an approval rating of 36% vs. a 46% approval rating in the second quarter. (see question 9).

Set forth below is the first, second, third and fourth quarter Illinois home prices data with the national data in parenthesis: Illinois (National) — 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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Posted by: Louis Cammarosano on December 14th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data

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HomeGain Releases 3rd Qtr Illinois Home Prices Survey

Earlier this week, HomeGain, the first website to provide free instant home values, released the national and regional results of our  home prices survey of nearly 1,100 current and former HomeGain members. The survey asked their opinions on home prices and of  Obama’s performance as President. On this real estate blog we published the complete national and regional third quarter results.

Earlier this week we published the results of the California home prices, Texas home prices , Florida home prices surveys. Yesterday  we published the Massachusettes home prices survey data, the  New York home prices surveydata, the New Jersey home prices survey data and the North Carolina home prices survey data.

Today we are releasing the Illinois home prices survey data.

The Illinois survey data shows a sharp increase in the percentage of sellers who believe that their homes should be priced higher than the Realtor recommended listing price.

In the first quarter Illinois home values survey, 51% of home sellers believed their homes should be priced 10-20% higher than than the Realtor recommended listings price and 21% thought their homes should be priced 21-30% higher. In the second quarter Illinois home prices survey, 37% of home sellers thought their homes should be priced 10-20% higher and only 6% thought their homes should be priced 21-30% higher.  The second quarter drop in Illinois home owners’ pricing expectations was temporary. In the third quarter 53% of home sellers in Illinois believe their homes should be priced 10-20% higher and 11% believe they should be priced 21-30% higher (see question 2).

Illinois home buyers also changed their views on home prices. In the current survey a greater percentage of home buyers (40%) thought home prices were over valued by 10-20% than thought so in the second quarter (33%) and a lower percentage now think homes are fairly priced (15%) than thought so in the second quarter (18%) (see question 3).

Illinois Realtors were slightly more optimistic on the direction of home prices in the third quarter. Fifty-seven percent of Illinois realtors expect home prices in their state to remain the same or increase over the next six months vs. 51% who thought the same in the second quarter (see question 6).

Illinois Realtors continued to give President Obama an overall negative approval rating. In the second quarter the former Illinois Senator received an approval rating of 46%. In the third quarter the President’s approval rating among the The Prairie State’s surveyed Realtors dropped to 36% (see question 9).

Set forth below is the first, second and third quarter Illinois home prices data with the national data in parenthesis: Illinois (National)

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Posted by: Louis Cammarosano on August 27th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls

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