Real Estate Pros See Prices Stabilizing
Real estate professionals say that real estate prices will remain the same for the next six months, according to HomeGain’s quarterly survey of professional opinions.
More than 69 percent of the 1,100 practitioners surveyed by the real estate information service said they were convinced that home prices have hit bottom, down from 71 percent who held that opinion in the second quarter survey.
The survey also shows home sellers and buyers don’t see home values in the same way, a troublesome disconnect for many practitioners.
* 81 percent said the values of their clients’ homes have decreased in the last year.
* 75 percent said their clients believe their homes are worth more than the listing prices they recommended.
* 85 percent said their buyer clients were still convinced that homes for sale are overpriced.
* 71 percent said they persuaded their clients to list a property at less than what the sellers initially believed the property to be worth.
Source: HomeGain Real Estate Blog
Front Gate Properties, We’re selling the BEST Real Estate in Aiken, SC.
Can the Industry Restore Consumer Confidence? Industry Leaders Weigh In
RISMEDIA, July 17, 2009-A few years back a Harris Poll survey found that Realtors were named among the “Top 12 Most Trusted Professionals in America.” How do American home buyers and sellers feel today? In this month’s NAR Power Broker Roundtable, industry leaders weigh in on what real estate professionals need to focus on now to restore consumer confidence and help turn the struggling markets around.
Moderator: Virginia Cook, Special Liaison for Large Firm Relations, NAR
Participants: Jon Coile, President, Champion Realty, Chesapeake Bay, Maryland;
Helen Sossa, President, Prudential Palms Realty, Sarasota, Florida; and Vince Leisey, President, Prudential Ambassador Real Estate, Omaha, Nebraska.
Front Gate Properties, We’re selling the BEST Real Estate in Aiken, SC.