Posts Tagged ‘ Massachusettes realtor survey ’

HomeGain Releases 3rd Qtr Massachusetts Home Prices Survey

On Monday, HomeGain,  the first website to provide free instant home values, released the national and regional results of our Realtor home prices survey of nearly 1,100 current and former HomeGain members. The survey asked their opinions on home values and what they thought of President 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 and Florida home prices surveys.

Today we are releasing the Massachusetts home prices survey data.

In the third quarter, Massachusetts Realtors surveyed believe that home owners in thier state have sharply increased their home price expectations with 47% of Bay State home owners thinking that their homes should be prices 10-20% higher than their Realtors’ recommended listing price. This is up from 31% in the second quarter Massachusetts home prices survey. (see question 2)

Home buyers disagree! Just 6% of home buyers think homes are fairly priced in Massachusetts vs 31% who thought so in the second quarter. Indeed 65% of home buyers now believe that Massachusettes homes are over priced by 10-20%  vs just 35% who thought so in the second quarter. (see question 3)

In spite of this seemingly contradictory data, 76% of Massachussetts Realtors believe home prices will rise or stay the same over the next six months vs 66% who thought the same in the second quarter. (see question 6)

Massachussetts Realtors surveyed continue to support President Obama with an approval rating of 59% (vs a 42% national average among Realtors surveyed). In the second quarter Obama’s approval rating among Massachusetts Realtors stood at 65% (vs. 58% nationally)

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

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Posted by: Louis Cammarosano on August 26th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data

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HomeGain Releases 2nd Qtr Massachusetts Home Prices Survey Data

Last week, HomeGain released the national and regional results of a survey of more than 1,150 current and former HomeGain 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 2nd Qtr results

 Earlier this week we published the results of the California home prices, Texas home prices, Florida home prices, New York home prices, New Jersey home prices, Illinois home prices, Georgia home prices Arizona home prices, North Carolina home pricesVirginia home prices and Washington home prices surveys.

Today we are releasing the Massachusetts home prices survey data.

Unlike home owners in the rest of the country, Massachussetts home owners have not lowered their pricing expectations. Three months ago, according to Massachussets Realtors surveyed, 29% of home owners believed that their homes were worth 10-20% more than the recommended listing price. In the current survey that percentage has risen to 31% (see question 2).

A greater percentage of potential home buyers in Massachussets now believe that homes are overpriced. In the first quarter HomeGain Realtor home prices survey 29% of home buyers thought home prices were over valued by 10-20%. In the current survey that percentage has risen to 35%. Three months ago 36% of Massachussets home buyers thought homes were fairly priced in their state vs. 31% who now believe so according to the current survey. (see question 3)

In the first quarter survey, 71% of Massachusetts Realtors believed that home prices would decline in the next six month. The current survey shows a decided shift in sentiment with only 35% of Massachusetts Realtors thinking that home prices will decline in the next six months and 58% believing they will stay the same.

Sixty-five pecent of Massachusetts Realtors somewhat approve or strongly approve of Obama’s performance as President vs. 57% of Realtors nationwide.

Set forth below is the Massachusetts home prices survey results with the national data in parenthesis:

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Posted by: Louis Cammarosano on May 26th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls

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