Posts Tagged ‘ New York Realtor survey ’

HomeGain Releases 2nd Qtr New York Home Prices Survey Data

On 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. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President.  On the HomeGain 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 and Florida home prices surveys.

Today we are releasing the New York home prices survey data.

The survey data shows that New York experienced its home prices decline later than the rest of the country. In the first quarter New York home values survey 20% of Realtors surveyed believe that the value of their homeowner clients homes actually increased over the past year vs. only 3% who believed the same in the current quarter.

Despite the recent home price depreciation in New York, Realtors from the Empire State were more optimistic than their national counterparts on the direction of home prices. Thirty-six percent of New York Realtors surveyed believe that home values will rise in the next six months vs. 22% of Realtors surveyed nationally.  (Question 6)

In the first quarter New York home prices survey,  66% of Realtors expected home prices to decline in the next six months. In the current survey just 24% of New York Realtors expect home prices to decline in the next six months.

Fifty-four percent of New York homebuyers believe that home prices in their state are fairly or undervalued vs. 34% of the national home buyers who believe the same.  (Question 2).

Sixty-seven percent of New York realtors believe that the Obama Stimulus Package has had or will not have any impact on property values vs. 55% of Realtors nationally who believe the same.

Fifty-four percent of New York Realtors strongly or somewhat approve of Obama’s performance as President vs. 57% nationally.

Set forth below is the New York home prices data with the national data in parenthesis: Continue reading this post

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Posted by: Louis Cammarosano on May 21st, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Polls

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HomeGain Releases New York Home Values Survey Data

Earlier this week HomeGain released the results of a nationwide survey of nearly 700 current and former HomeGain members. The survey asked their opinions on home prices and the impact of the Obama stimulus package. On this real estate blog we 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 Newsthe Sarasota Herald Tribune, AOL’s Wallet Pop, St. Petersburg Times, the Boston Real Estate Blog, Real Trends, Realtor Magazine, Inman News, Transparent Real Estate, Agent Genius and other blogs.

Today we are releasing the New York home values survey data. In the past few days we published the TexasCalifornia ,Illinois and Florida data.

The New York survey data reflects a market that only in the past year has started to experience housing woes. Indeed 20% of Realtors believe that the value of their homeowner clients homes have increased over the past year vs. just 2% nationally. Seventy-four percent of New York home owners believe that their homes are worth more than their Realtors’ recommended listing price vs. 59% nationally.

According to the survey, 66% of New York Realtors believe homes in their market will decrease in price vs. 53% of Realtors nationally. New York has a much lower percentage of homes in foreclosure than the national average.

The New York data shows a higher degree of confidence in the Obama stimulus package. Fifty percent of New York Realtors thought the plan would stablize home prices vs 38% of Realtors nationwide.

Set forth below is the New York home prices data with the national data in parenthesis: Continue reading this post

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Posted by: Louis Cammarosano on March 14th, 2009 under Home Prices, Home Values, HomeGain Market Data, Market Trends, Polls

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