Posts Tagged ‘ Massachusetts home prices ’

HomeGain Releases 2nd Quarter 2012 Massachusetts Home Values Survey Results

Sixty percent of Massachusetts real estate professionals think that home prices will stay the same over the next six months

by Louis Cammarosano

Last month, HomeGain, one of the first companies to provide free instant home valuations online, released the results of our second quarter 2012 nationwide home values survey of over of over 400 HomeGain current and former members and more than 1,700 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 2nd quarter 2012 national results as well as the complete 2nd quarter 2012 regional results, including commentary from real estate agents and brokers.

Earlier this month we released the California 2nd quarter 2012 home values survey data, the Florida 2nd quarter 2012 home values survey data, the 2nd quarter 2012 Texas home values survey data, and the 2nd quarter 2012 Arizona home values survey data. In the coming days we will be releasing home values survey data from New York, Maryland, North Carolina, Washington and other states.

See all past Massachusetts home values surveys.

Set forth below is the second quarter 2012 real estate professional and home owner Massachusetts home prices survey data along with the  second 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. 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 July 17th, 2012 under Home Prices, Home Values, Home Values Surveys, HomeGain

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HomeGain Releases 1st Quarter 2010 Massachusetts Home Prices Survey Results

In March, HomeGain, one of  the first companies to provide free instant home valuations online, released the national and regional results of our  2010 1st quarter home prices survey of more than 1,400 HomeGain  members. The survey asked real estate agents and brokers their opinions on home values and what they thought of President Obama’s performance. On this 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 , New Jersey home prices survey , Illinois home prices survey, Georgia home prices survey, Pennsylvania home prices survey , Arizona home prices survey and North Carolina home prices survey results.

boston-holidaysToday we are releasing the Massachusetts home prices survey data.

In the first quarter of 2010, Massachusetts homeowners continued to temper their enthusiasm regarding their homes’ values. In the third quarter survey, 47% of Bay State home owners though that their homes should be priced 10-20% higher than their Realtors’ recommended listing price. In the fourth quarter 35% thought their homes should be priced 10-20% higher than their Realtors’ recommended listing price. In the second quarter Massachusetts home prices survey 31% of Massachusetts home owners believed the same. In the current survey 38% of homeowners thought that their homes should be priced 10-20% higher than their Realtors’ recommended listing price (See question 2)

In the first quarter of 2010, 21% of  home buyers thought that home prices were fairly valued in Massachusetts vs. 25% in the fourth quarter of 2009;  6% in the third quarter of 2009 and 31% who thought so in the second quarter of 2010. Sixty-one percent of   Massachusetts home buyers still think that homes are overpriced in their state down from up from 55% in the fourth quarter of 2009 and down from 65% in the third quarter. (see question 3)

Thirty-four percent of Massachusetts agents and brokers believe that home prices will fall in the next six months, down from 40% in the fourth quarter and up from 24% in the third quarter. (See question 6)

Massachusetts agents and brokers gave President Obama higher marks than their colleagues across the country. Fifty-six percent of Massachusetts agents and brokers approve the President’s performance vs. just 42% nationwide. (See question 10)

Set forth below is the 2010 first quarter Massachusetts home prices survey results with the 1st quarter 2010 national data:

  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 11th, 2010 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls, Regional

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HomeGain Releases 4th Quarter Massachusetts Home Prices Survey Results

Last 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 pricesCalifornia home prices , Illinois home prices and Georgia  home prices survey results.

Yesterday we released the Pennsylvania home prices and Colorado home prices survey results.

boston-holidaysToday we are releasing the Massachusetts home prices survey data.

In the fourth quarter, Massachusetts home owners tempered their enthusiasm regarding their homes’ values. In the third quarter survey, 47% of Bay State home owners though that their homes should be priced 10-20% higher than their Realtors’ recommended listing price. In the fourth quarter 35% thought their homes should be priced 10-20% higher than their Realtors’ recommended listing price. In the second quarter Massachusetts home prices survey 31% of Massachusetts home owners believed the same. (see question 2)

In the fourth quarter home buyers began to see home prices as more reasonable than they did in the third quarter when just 6% of home buyers thought homes were fairly priced in Massachusetts. In the  current survey 25% of Massachusetts home buyers thought homes were fairly valued vs. 31% who thought so in the second quarter. The majority (55%) of Massachusetts home buyers still think that homes are overpriced in their state down  from 65% in the third quarter and vs just 35%  in the second quarter. (see question 3)

Forty percent  of Massachusetts agents and brokers believe that home prices will fall in the next six months up from 24% in the third quarter. (see question 6)

Massachussetts agents and brokers were evenly split in their support of Barack Obama: 50% approved and 50% disapproved of his performance as President. Twenty percent “strongly approved” while 25% “strongly disapproved” of the President’s performance.  In the current national survey, the President’s approval rating was 42%.  In the second quarter Obama’s approval rating among Massachusetts Realtors stood at 65% (vs. 58% nationally)

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

  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 21st, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data

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