HomeGain Releases Second Quarter 2010 Home Prices Survey Results

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Real estate professionals and homeowners differ on current and future home prices and on Obama's performance as President; nearly 2/3 of agents and brokers disapprove of the President’s performance.

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It is not surprising to see that homeowners 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

HomeGain®, the first website to provide free online instant home prices, today announced the results of its 2010 second quarter home prices survey based on the responses of over 900 real estate agents and brokers and 3,500 homeowners nationwide.

Real estate professionals and homeowners continue to differ on the current values of homes and the direction of home prices. According to surveyed agents and brokers, 75% of homeowners think their homes are worth more than the recommended agent listing price. 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 agents and brokers who think the same. Thirty-three percent of agents and brokers and 23% of homeowners think that home prices will decrease over the next six months.

Sixty-one 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 homeowners 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," stated Louis Cammarosano, General Manager at HomeGain. "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."

Forty-six percent of agents and brokers surveyed indicated that they “strongly disapproved” and 19% “somewhat disapproved” of Barack Obama's performance as President, earning him a 65% disapproval rating vs. the 58% disapproval rating of agents and brokers surveyed in the first quarter of 2010. In the second quarter 2009 HomeGain survey, the President enjoyed a 57% approval rating from agents and brokers.

Forty percent of homeowners “strongly disapproved” and 16% “somewhat disapproved” of the President’s performance, earning him a 56% disapproval rating. The Rasmussen Daily Presidential Approval Index taken during the same period as the HomeGain survey indicated that the President’s average disapproval rating was 54% with an average of 43% “strongly disapproving” of his performance.

The HomeGain survey was conducted from June 8-18, 2010.

For complete survey results, including regional breakdown, and agent and broker commentary, visit the HomeGain Real Estate Blog.

About HomeGain:
HomeGain is a leading provider of online marketing programs that connect real estate agents and brokers with home buyers and sellers. HomeGain offers free services to find and compare real estate agents, research home values, and view homes for sale. REALTORS® use HomeGain's real estate marketing programs to connect with consumers, promote their services and grow their business. HomeGain.com has been a top visited real estate website since 1999. HomeGain is your real estate connection.

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Louis Cammarosano
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