Market Overview

HomeGain Releases Fourth Quarter 2012 Home Values Survey Results

Sixty-five percent of real estate professionals expect home values to increase in the next six months, up from 51 percent from last quarter; Sixty-one percent disapprove of Obama's performance as President.

Emeryville, CA (PRWEB) December 18, 2012

HomeGain®, one of the first websites to provide free online instant home prices, today announced the results of its nationwide fourth quarter 2012 home values survey. Over 200 real estate agents and brokers and 1,500 homeowners were surveyed.

Real estate professionals continue to be more optimistic about the direction of home values than homeowners. Sixty-five percent of real estate professionals expect home values to increase in the next six months, up from 51 percent last quarter and up from 15 percent in the fourth quarter of 2011. Thirty-nine percent of homeowners expect home values to increase in the next six months, up from 34 percent last quarter.

Eleven percent of real estate professionals expect home values to decrease in the next six months, unchanged from last quarter. Twenty percent of homeowners expect home values to decrease in the next six months, also unchanged from last quarter.

Twenty-four percent of real estate professionals and 41 percent of homeowners believe home values will stay the same in the next six months.

Seventy-nine percent of real estate professionals and 62 percent of homeowners think home values will increase in the next two years. In contrast, just 11 percent of real estate professionals and 17 percent of homeowners think home values will decrease in the next two years. Ten percent of real estate professionals and 31 percent of homeowners think home values will stay the same in the next two years.

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

"We are seeing a continued increase in optimism about the direction of home prices," said Louis Cammarosano, General Manager of HomeGain. “Real estate agents expect the recent pick up in the real estate market to continue in the coming two years."

Forty-six percent of agents and brokers surveyed indicated that they “strongly disapproved” and 15 percent “somewhat disapproved” of Barack Obama's performance as President, earning him a 61 percent disapproval rating, a decrease of six percent in the disapproval rating of agents and brokers surveyed in the third quarter of 2012. In a year-over-year comparison with the fourth quarter of 2011, the President had a 70 percent disapproval rating among agents and brokers.

Thirty-nine percent of homeowners “strongly disapproved” and 11 percent “somewhat disapproved” of the President's performance, earning him a 50 percent disapproval rating. The President had a 56 percent disapproval rating last quarter among surveyed homeowners with 45 percent “strongly disapproving." The Rasmussen Daily Presidential Approval Index taken during the same period as the HomeGain Fourth Quarter 2012 Home Values Survey indicated that President's average approval rating was 55 percent and the average disapproval rating was 44 percent, with an average of 30 percent “strongly approving” of his performance and an average of 34 percent “strongly disapproving” of his performance.

The survey was conducted from November 27 – December 6, 2012. For complete survey results, including regional breakdown, visit the HomeGain Real Estate Blog.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/Q4-home-values-survey/prweb10224985.htm

 

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