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Realtors’® View of Direction of Home Values Varies Widely By State

More than 2/3 of Realtors® Surveyed in California, Massachusettes, Michigan and New York See Further Decline in Home Prices in Next Six Months

More than 2/3 of Realtors® Surveyed in Pennsylvania Texas, Ohio, Georgia, Ohio, Colorado and Washington See Flat or Rising Home Prices in Next Six Months

Last week HomeGain released nationwide, regional and state survey data on Realtor’s opinions on home values and the Obama stimulus plan.

While the national survey data revealed generally a poor housing market, the results were not uniform.

A closer look at the state survey data shows that while the majority of Realtors in many states are expecting further home price declines in the coming six months, large percentages of Realtors in other states are expecting higher home prices.

There were a few where more than 50% of the Realtors surveyed believed that home prices would stay the same.

Of note was Pennsylvania where more than 3 of 4 Realtors surveyed expect no change in home prices in the coming six months.

Below are the results of our survey that indicate by state the percentage of Realtors that think home prices will rise, fall or stay the same:

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Posted by: Louis Cammarosano on March 16th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Market Trends, Polls

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