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 News, the 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.
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.