Posts Tagged ‘ illinois realtor survey ’

HomeGain Releases 2nd Qtr Illinois Home Prices Survey Data

On Monday May 18, HomeGain, the first company to provide free online instant home valuationsreleased the national and regional results of a survey of more than 1150 current and former HomeGain members. We 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 2nd Qtr results.  Earlier this week we published the results of the California home prices, Texas home prices, Florida home prices and New York home prices surveys.

Today we are releasing the Illinois home prices survey data.

The Illinois survey data shows a sharp drop 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,  21% of home sellers believed their homes should be priced 21-30% higher than the Realtor recommended listings price vs. 6% in the current survey. (see question 2)

According to the second quarter Illinois home prices survey results, a lesser percentage of Illinois home buyers believe that Illinois homes are over priced with 18% of home buyers believing that homes are fairly priced vs 9% who believed so in the first quarter. Forty-five percent of Illinois home buyers in the first quarter believed that home were overpriced by 10-20% vs. 33% in the second quarter. (see question 3)

Illinois Realtors were far more pessimistic about the direction of home values with 49% of them thinking that homes would decrease in value in the next six months vs. 29% of Realtors nationwide. (see question 6)

Forty-six percent of Illinois Realtors somewhat or strongly approve of President Obama’s  performance as President vs. 57% of Realtors nationwide who somewhat or strongly approve of the former Illinois Senator’s performance as President. (see question 10)

Set forth below is the Illinois home prices data with the national data in parenthesis:  Illinois (National)

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Posted by: Louis Cammarosano on May 22nd, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls

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HomeGain Releases Illinois Home Values Survey Data

Earlier this week HomeGain released the results of a nationwide survey of nearly 700 HomeGain current and former members. The survey asked their opinions on home prices and the impact of the Obama stimulus package.  On this blog we have published the national and regional results.

The HomeGain member survey received national coverage and the results were noted in US News, Dallas Morning News, Boston Globe, Crane’s Investment News, Sellsius, Dallas Magazine,  Orange County Register, RIS Media, Philadelphia Daily News, the Sarasota Herald Tribune, AOL’s Wallet Pop, St. Petersburg Times, the Boston Real Estate BlogReal Trends, Realtor® Magazine, Inman News, Transparent Real Estate , Agent Genius and other blogs.

Today we are releasing the Illinois home values survey data. In the past two days we published the Texas home values survey data and the California home values survey data. In the coming days we will be releasing survey data from New York and Florida.

The Illinois survey data reflects one largest disconnects between sellers’ beliefs on what their homes are worth and what buyers and Realtors think with 72% of home sellers thinking that their Realtors undervalued their homes (vs. 59% nationally).

According to the  survey, only 9% of home buyers believe that homes are fairly priced vs. 18% nationally with nearly 70% thinking they are overpriced (compared to 60% in the rest of the country).

The data also shows that Illinois Realtors share the view of other Realtors in the country that the Obama stimulus package would either have no impact or cause home prices to drop.

Set forth below is the Illinois home prices data with the national data in parenthesis:  Illinois (National)

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Posted by: Louis Cammarosano on March 12th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Market Trends, Polls

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