Posts Tagged ‘ obama approval rating ’

HomeGain Releases 4th Quarter 2011 National Home Values Survey Results

Forty-three percent of surveyed real estate professionals nationwide expect home values to stay the same over the next six months; Seventy percent disapprove of Obama’s performance as President; Mitt Romney edges out Barack Obama

HomeGain, one of the first companies to provide free instant home valuations online, announced the results of its nationwide fourth quarter 2011 home values survey. Over 400 real estate agents and brokers and over 2,000 homeowners were surveyed. We also released the regional results of the fourth quarter 2011 HomeGain home values survey.

Most real estate professionals and homeowners continue to expect home values to stay the same or decrease through the end of the year. Forty-three percent of agents and brokers and 48 percent of homeowners think that home values will stay the same over the next six months.

Forty-two percent of real estate agents and brokers and 37 percent of homeowners think that home values will decrease in the coming six months.

Fifteen percent of real estate professionals expect home values to increase in the next six months, up four percent from last quarter. Fifteen percent of homeowners also expect home values to increase in the next six months, up three percent from last quarter.

In the third quarter 2011 HomeGain National Home Values Survey, forty-seven percent of agents and brokers and 45 percent of homeowners thought that home values would decrease over the next six months.

According to surveyed agents and brokers, 76 percent of homeowners believe their homes are worth more than the recommended agent listing price. In contrast, 68 percent of home buyers believe homes are overpriced.

“Homeowners and real estate professionals appear to be in sync regarding the direction of home prices. Home buyers and sellers, however, continue to remain apart as to home valuations with the vast majority of homeowners thinking their homes are worth more than their agents and the market are telling them,” said Louis Cammarosano, General Manager of HomeGain.

Fifty-two percent of agents and brokers surveyed indicated that they “strongly disapproved” and 18 percent “somewhat disapproved” of Barack Obama’s performance as President, earning him a 70 percent disapproval rating, an increase of one percent in the disapproval rating of agents and brokers surveyed in the fourth quarter last year. Last quarter the President had a 72 percent disapproval rating among agents and brokers.

Forty-four percent of homeowners “strongly disapproved” and 16 percent “somewhat disapproved” of the President’s performance, earning him a 60 percent disapproval rating. The President had a 63 percent disapproval rating last quarter among surveyed homeowners with 47 percent “strongly disapproving”. The Rasmussen Daily Presidential Approval Index taken during the same period as the HomeGain Fourth Quarter 2011 Home Values Survey indicated that the President’s average disapproval rating was 52 percent with an average of 40 percent “strongly disapproving” of his performance.

Below are the top states where real estate professionals and home owners think home prices will rise and fall over the next six months.

Top 10 States Where Real Estate Agents and Homeowners Think Home Prices Will Go Up in the Next Six Months:


Top 10 States Where Real Estate Agents and Homeowners Think Home Prices Will Go Down In the Next Six Months:


Top 10 States Where Real Estate Agents and Homeowners Approve of Barack Obama’s Performance as President:


Top 10 States Where Real Estate Agents and Homeowners Disapprove of Barack Obama’s Performance as President:


The survey was conducted from November 9 – November 20, 2011.

View all prior HomeGain national and state home prices surveys.

The fourth quarter 2011 regional results are available by clicking here.

Set forth below are the results of the third quarter 2011 and 2011 national home prices survey as well as the results of the fourth quarter 2010 survey. Also set forth below for selected questions is the national home owner response data for the fourth quarter of 2011. Click on each question to see complete results:

Questions and National 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. 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?
  11. If the Presidential election were held today, who would you vote for?

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Posted by: Louis Cammarosano on December 3rd, 2011 under Home Prices, Home Values, Home Values Surveys, HomeGain, HomeGain Market Data, HomeGain Surveys

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Real Estate Radio With Louis Cammarosano 10/24/11

On Monday October 24, 2011, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate Radio show on The Big Talker 1580 AM, hosted by Ryan Sloper.

Listen to the show.

Part 1 (13:53)

Louis and Ryan discuss the HomeGain Third Quarter 2011  Survey regarding Obama’s approval rating as cited in the Boston Globe. Louis notes that real estate professionals have soured on Obama. Louis notes that the lack of any meaningful housing recovery, despite numerous Obama signature programs, have caused real estate agents to lose faith in the President. Louis notes that low interest rates and printing money are not the answer. Louis notes that intervention by the government or quasi governmental entities will not provide the necessary change to the economy-only the free market can fix the economy. Ryan notes that there are 20,000 homes that have taken over four years to foreclose. Ryan notes that Obama spent the first part of his administration focusing on healthcare and not on housing. Louis notes that the government caused the housing problem and now they are trying to fix it. Louis notes that the first time home buyer credit was a failure. Louis notes that government intervention creates lopsided favoritism and doesn’t help the housing market. Ryan discusses the new making home afforable refinance plan (HARP).

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Posted by: Louis Cammarosano on November 6th, 2011 under HomeGain, HomeGain on Real Estate Radio, Louis Cammarosano on Real Estate Radio

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HomeGain Releases 3rd Quarter 2010 National Home Prices Survey Results

Ninety percent of surveyed real estate professionals nationwide expect home prices to decrease or stay the same over the next six months; Nearly half “strongly disapprove” of  Obama’s performance as President.

HomeGain, one of the first companies to provide free instant home valuations online, announced the results of its nationwide 2010 third quarter home prices survey based on the responses of over 1,100 current and former HomeGain members and 2,600 homeowners.

Real estate professionals and homeowners soured on the direction of home prices in the third quarter. Forty-eight percent of agents and brokers and 33 percent of homeowners think that home prices will decrease over the next six months. This reflects an increase in the percentage of real estate professionals and homeowners who expect a decline in home prices from the second quarter HomeGain home prices survey. In that survey 33 percent of agents and brokers and 23 percent of homeowners expected home prices to decrease over the next six months. Forty-two percent of homeowners, real estate agents and brokers think that home prices will remain the same in the coming six months.

Only 10 percent of real estate professionals and 18 percent of homeowners expect home values to increase in the coming six months. The results are similar to a recent Rasmussen poll of homeowners that found only 15 percent expect home prices to rise over the next year.

Seventy-nine percent of homeowners continue to believe their homes are worth more than the recommended agent listing price, up from 77 percent last quarter.

Sixty-nine percent of surveyed agents and brokers indicated that their home buyer clients think homes for sale are overpriced, up from 61 percent last quarter.

Real estate professionals and homeowners are taking a far more negative view on the direction of home prices citing current high inventory levels, continued foreclosures, the expiration of the tax credit and the general state of the economy. There also continues to be an increasing disconnect between what homeowners and buyers think homes are worth.

Forty-nine percent of agents and brokers surveyed indicated that they “strongly disapproved” and 18 percent “somewhat disapproved” of Barack Obama’s performance as President, earning him a 67 percent disapproval rating versus the 58 percent disapproval rating of agents and brokers surveyed in the third quarter last year.  Last quarter the President had a 65 percent disapproval rating from agents and brokers.

Forty-four percent of homeowners “strongly disapproved” and 17 percent “somewhat disapproved” of the President’s performance, earning him a 61 percent disapproval rating. The President had a 56 percent disapproval rating last quarter among surveyed homeowners with 44 percent “strongly disapproving”. The Rasmussen Daily Presidential Approval Index taken during the same period as the HomeGain home prices survey indicated that the President’s average disapproval rating was 54 percent with an average of 43 percent “strongly disapproving” of his performance.

Below are the top states where real estate professionals and home owners think home prices will rise and fall over the next six months.

Top 10 States Where Real Estate Agents and Homeowners Think Home Prices Will Go Down In the Next Six Months:

Top 10 States Where Real Estate Agents and Homeowners Think Home Prices Will Go Up in the Next Six Months:

Top 10 States Where Real Estate Agents and Homeowners Approve of Barack Obama’s Performance as President:

Top 10 States Where Real Estate Agents and Homeowners Disapprove of Barack Obama’s Performance as President:

The survey was conducted from September 7-14, 2010.

View all prior HomeGain national and state home prices surveys.

The third quarter 2010 regional results are available by clicking here.

Set forth below are the results of the third quarter 2009 and 2010  national home prices survey as well as the results of the second quarter 2010 survey.  Also set forth below for selected questions is the national home owner response data for the third quarter of 2010. Click on each question to see complete results:

Questions and National 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. 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 September 17th, 2010 under Home Prices, Home Values, Home Values Surveys, HomeGain, HomeGain Market Data, Polls

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HomeGain Releases 3rd Quarter 2010 Regional Home Prices Survey Results

The national results of HomeGain’s Third Quarter 2010 Home Prices Survey (conducted from September 7-14) of more than 1,100 real estate professionals and 2,600 homeowners revealed some significant regional differences.

Below are the regional results of the entire survey, categorized into four regions*, Northeast, Southeast, Mid-West and West.

Questions and Regional 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. 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 September 17th, 2010 under Home Prices, Home Values, Home Values Surveys, HomeGain, HomeGain Market Data, Polls, Regional

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HomeGain Releases 2nd Quarter 2010 National Home Prices Survey Results

UPDATE: THIRD QUARTER RESULTS NOW AVAILABLE- Click here

HomeGain®, one of the first websites to provide free instant home values, today announced the results of its nationwide home prices survey of over 900 current and former HomeGain members and more than 3,500 homeowners. We also released the regional results of our survey and will release selected state survey data in the coming days. blog-pr-image

The results of the HomeGain Second Quarter 2010 Home Prices Survey indicates that  real estate agents and brokers and homeowners continue to differ on the current values of homes and the direction of home prices.

Real estate agents and brokers as well as homeowners gave Barack Obama low marks with 65% of real estate professionals and 58% of home owners disapproving of the President’s performance. (see question 10 below)

Seventy-seven percent of homeowners think their homes are worth more than the recommended agent listing price, unchanged from the HomeGain First Quarter 2010 Home Prices Survey and up from 69% in the HomeGain Second Quarter 2009 Home Prices Survey. Forty-seven percent of real estate agents and brokers and 49% of homeowners think that home prices will remain the same in the coming six months.

Twenty-eight percent of homeowners think that the values of their homes will increase over the next six months vs. just 20% of real estate agents and brokers who think the same. Thirty-three percent of real estate agents and brokers and 23% of home owners think that home prices will decrease over the next six months. (see question 6 below)

Sixty-three percent of surveyed agents and brokers indicated that their home buyer clients think homes for sale are overpriced.

It is not surprising to see that home owners are slightly more optimistic about the direction of home prices than real estate professionals and that neither group is predicting a rise in home prices over the next six months. Real estate industry watchers tracking the direction of home prices will continue to focus on the impact of the expiration of the home buyer tax credit, the direction of interest rates and unemployment, foreclosure and shadow inventory data.

Set forth below are the top states where real estate professionals and home owners think home prices will rise and fall over the next six months.

Top 10 States Where Real Estate Agents and Homeowners Think Home Prices Will Go Down In the Next Six Months:

top10_decrease_hg

Top 10 States Where Real Estate Agents and Homeowners Think Home Prices Will Go Up in the Next Six Months:

top10_increase_hg

We also asked real estate professionals of whether they approved Obama’s performance as President. Sixty-four percent disapproved while 36% approved.  Among homeowners 58% disapproved while 42% approved. The results varied by state as set forth below.

Top 10 States Where Real Estate Agents and Homeowners Approve of Barack Obama’s Performance as President:

obama_approve_hg

Top 10 States Where Real Estate Agents and Homeowners Disapprove of Barack Obama’s Performance as President:

obama_disapprove_hg1

The survey was conducted from June 8-18.

View all prior HomeGain national and state home prices surveys.

The second quarter 2010 regional results are available by clicking here.

Questions and National 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. 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 June 25th, 2010 under Home Prices, Home Values, Home Values Surveys, HomeGain, HomeGain Market Data

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HomeGain Releases 1st Quarter 2010 Home Prices Survey Results – National

Real Estate Agents Cautious on Direction of Home Prices

HomeGain®, one of the first websites to provide free instant home values, today announced the results of its nationwide home prices survey of over 1,400 current and former HomeGain  members.

The results of the HomeGain First Quarter 2010  Home  Prices Survey indicates that the vast majority of real estate professionals nationwide believe that home prices will decrease or stay the same over the next six months.

home-prices-marketGeneral Manager at HomeGain, Louis Cammarosano, stated in the March 23rd press release: “In the first quarter survey many real estate professionals expressed concern over five factors that could potentially impact home prices adversely: rising interest rates, expiration of the home buyer tax credit, persistent unemployment, continued foreclosures and the release of shadow inventory held by the banks.”

Texas real estate professionals appear to be the most optimistic about the direction of home prices in their state, while those in Minnesota appear to be the least optimistic.

Top 10 States Where Real Estate Agents and Brokers Think Home Prices Will Go Down In the Next Six Months:

  1. Minnesota (82%)
  2. Oregon (65%)
  3. Illinois (54%)
  4. Utah (50%)
  5. New York (44%)
  6. New Jersey (44%)
  7. Nevada (43%)
  8. Michigan (42%)
  9. Connecticut (42%)
  10. Washington (35%)

Top 10 States Where Real Estate Agents and Brokers Think Home Prices Will Go Up in the Next Six Months:

  1. Texas (41%)
  2. Massachusetts (38%)
  3. California (37%)
  4. Nevada (36%)
  5. Idaho (31%)
  6. Colorado (31%)
  7. Alabama (25%)
  8. Tennessee (25%)
  9. Arizona (23%)
  10. Indiana (22%)

We also asked real estate professionals of whether they approved Obama’s performance as President. Fifty-eight percent disapproved while 42% approved. Forty percent “strongly disapproved” of the President’s performance.  A comparison with the Rasmussen Daily Presidential Approval Index during the same time period (March 3-10) shows the President’s disapproval rating between 53-56%.

The results of the survey also show a continuing disconnect between what home buyers and sellers think homes are worth. Sixty-three percent of potential home buyers think that homes are over priced with only 21% believing that homes are fairly priced.

Seventy-seven percent of home sellers believe their homes are worth more than their agents’ recommended selling price.

The survey was conducted from March 3-10.

View the HomeGain 1st Quarter 2009 Home Prices Survey. View all prior HomeGain national and state home prices surveys.

The first quarter 2010 regional results are available by clicking here.

Questions and National 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. 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 March 19th, 2010 under Home Prices, Home Values, Home Values Surveys, HomeGain, HomeGain Market Data, Polls

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