Last week, HomeGain released the national and regional results of a survey of more than 1,150 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, Florida home prices, New York home prices, New Jersey home prices, Illinois home prices, Georgia home prices, Arizona home prices, North Carolina home prices and Virginia home prices surveys.
Today we are releasing the Washington home prices survey data.
Washington homeowners, like many homeowners across the nation have slashed their valuation expections. In the first quarter Washington home values survey 52% of home owners believed that their homes should be priced 10-20% higher than their Realtors’ recommended listing price vs. 43% who so believed in the current survey. (See question 2)
As Washington home owners are tempering their home valuation expectations, 50% of Washington home buyers now believe that homes are over priced by 10-20% vs 29% of Washington home buyers who so believed three months ago. (See question 3)
Sixty-seven percent of Washington Realtors predict stabilizing home prices in the next six months vs. 52% of Washington Realtors who predicted price decreases three months ago. Just 17% of Washington Realtors in the current home values survey think that Washington home prices will decrease in the coming six months. (See question 6)
Sixty-six percent of Washington Realtors approve of Obama’s performance as President vs. 57% of Realtors nationwide.
Set forth below is the Washington home prices survey results with the national data in parenthesis: