Survey Shows Realtors Optimistic About Home Prices

Emeryville, CA, Aug. 24, 2009--HomeGain, a website that provides home values, said its quarterly survey showed that 46% of Realtors think home prices will remain the same over the next six months vs. 31% who think prices will decrease and 23% who think prices will increase.

According to the quarter survey, 38 percent of homeowners believe that their homes should be listed 10 to 20 percent higher than what their Realtors' recommend, up from 36 percent of homeowners who believed so, but down from 45 percent in the first quarter.

Sixty-four percent of home buyers think that homes are overpriced, unchanged from the second quarter and up from 59 percent of home buyers who thought homes were overpriced in the first quarter.

Seventy-three percent of home sellers believe that their homes are worth more than their Realtors' recommended listing price, up from 69 percent in the second quarter survey and 71 percent in the first quarter survey.

"The third quarter HomeGain Home Prices Survey of Realtors reveals a continuation of the stabilization trends that became evident in the second quarter survey," said Louis Cammarosano, general manager at HomeGain.

"The vast majority of Realtors expect prices to remain the same or increase in the next six months."