Earlier this week HomeGain released the results of a nationwide survey of nearly 700 HomeGain current and former 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.

Today we are releasing the Florida home values survey data. In the past few days we published the Texas, California and Illinois survey data. Later this week we will release the New York survey data.

The Florida survey data reflects a very troubled market. ALL of the 70+ Florida survey respondents believed that their clients’ homes had decreased in value during the past year.

According to the survey, nearly 20% of Realtors report that 50-75% of homes in their markets are foreclosures with just 5% reporting that level nationwide.

The Florida data also shows a higher than national average skepticism regarding the Obama stimulus package. Sixty-six percent of Florida Realtors believe that the package will have no impact or cause home prices to drop further vs. 58% nationwide.

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

Earlier this week HomeGain released the results of a nationwide survey of nearly 700 HomeGain current and former members. The survey asked their opinions on home prices and the impact of the Obama stimulus package.  On this blog we have 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.

Today we are releasing the Illinois home values survey data. In the past two days we published the Texas home values survey data and the California home values survey data. In the coming days we will be releasing survey data from New York and Florida.

The Illinois survey data reflects one largest disconnects between sellers’ beliefs on what their homes are worth and what buyers and Realtors think with 72% of home sellers thinking that their Realtors undervalued their homes (vs. 59% nationally).

According to the  survey, only 9% of home buyers believe that homes are fairly priced vs. 18% nationally with nearly 70% thinking they are overpriced (compared to 60% in the rest of the country).

The data also shows that Illinois Realtors share the view of other Realtors in the country that the Obama stimulus package would either have no impact or cause home prices to drop.

Set forth below is the Illinois home prices data with the national data in parenthesis:  Illinois (National)

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On March 9, 2009, HomeGain held a live PR conference call for the national press and for real estate agents to discuss the recent HomeGain home values survey which polled 700 agents around the country about their views on consumer expectations, housing prices and the new Obama stimulus package.

Although there are differences between market areas throughout the country, most agents experience the same level of false expectations on the part of consumers. They also are experiencing varying levels of foreclosures and short sales in their market areas. Their perspective on the stimulus package and how effective it will be is remarkably similar.

Reality To Myth

The situation which real estate agents and brokers confront every day is the high level of false expectations on the part of consumers. This level of false expectations is increased both by the national press and the agents themselves.

A homebuyer feels that they can purchase a home for fifty cents on the dollar because that is what the press has been telling them. When an agent accepts a listing at a price which will never permit the home to sell, they further bolster the consumer’s false expectations. Continue reading this post

Earlier this week HomeGain released the results of a nationwide survey of nearly 700 HomeGain current and former Realtor 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, Boston Real Estate Blog, Real Trends, Realtor Magazine, Inman News,Transparent Real Estate , Agent Genius and other blogs.

Yesterday we published the Texas home values survey data. Today we are releasing the California home values survey data. In the coming days we will be releasing survey data from New York, Florida and Illinois.

The California survey data reflects one of the more troubled real estate markets in the country with 98% of Realtors beleiving their clients’ homes have decreased in value in the past year (compared to 90% of Realtors in the rest of the country).

The level of foreclosures is higher in California than elsewhere as is the average home price. California Realtors were also among the most pessimistic on the direction of home prices in their state in the next six months, with nearly 70% predicting a further decline.

The data also shows that  nearly 20% of California Realtors believe that the Obama stimulus package would act to lower home prices further.

Set forth below is the California home prices data with the national data in parenthesis:

Continue reading this post

Yesterday HomeGain announced the results of a nationwide survey of nearly 700 HomeGain current and former members. The survey asked their opinions on home values and the Obama stimulus package. On this real estate blog we published the national and regional results.

So far the HomeGain member survey has been picked up 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, Boston Real Estate Blog, Real Trends, Realtor Magazine, Inman News, Transparent Real Estate and other blogs.

We have received quite a few inquiries regarding whether we had survey data on the state level.

Indeed we do!

We will be publishing the data from the states of which we received an adequate number of responses – Texas, California, Florida, New York, Georgia and Illinois.

The Texas survey data reveals a far less pessimistic picture regarding home prices with nearly a quarter of  of home buyers in Texas believing that homes were fairly priced vs the 18 percent national survey average.

The data also shows that  a greater percentage of Texas Realtors believe that the Obama stimulus package would act to stabilize prices than their counterparts in the rest of the country.

Set forth below is the Texas home prices data with the national data in parenthesis:  Texas (National)

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HomeGain®, the first website to provide free instant home values, today announced the results of an extensive nationwide home price survey of current and former HomeGain Realtor® members.

The results published below show generally that HomeGain Realtor members are of the opinion that home sellers believe their homes to be worth more than Realtors and homebuyers believe that they are worth.

A recent Zillow® poll showed that sellers were no longer ‘in denial’ regarding the U.S. housing slide. The latest HomeGain survey, however, underscores that while homeowners may be aware of falling home prices around the country, many believe that the slide doesn’t apply to their homes. Our survey shows that homebuyers and Realtors are telling homeowners their homes are worth considerably less than homeowners think they are.

A majority of HomeGain Realtor members believe home prices will continue to fall in the next six months and that the Obama stiumulus package will do little to change the direction of home values.

Here are the complete results of the first quarter 2009 HomeGain Realtor®  Home Values Survey.

1. On average, in the last year do you think your homeowner clients home values have:

NATIONAL RESULTS

REGIONAL RESULTS

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