Three out of four homeowners think their homes are worth more than the amount their agents recommend they list them for, and 63 percent of agents and brokers say buyers they represent think homes for sale are overpriced.
Those are the headlines from a new second quarter survey of homeowners and real estate professionals by Hom Gain. Findings are virtually unchanged from the first quarter, suggesting that underlying expectations of both buyers and sellers weren’t significantly affected by the expanded Federal tax credits for buyers and sellers that end tomorrow.
Real estate professionals tilt to the negative in their near term price outlook and homeowners are split. Twenty-eight percent of homeowners think that the values of their homes will increase over the next six months. Only 20 percent of real estate agents and brokers concur. Thirty-three percent of real estate agents and brokers and 23 percent of home owners think that home prices will decrease over the next six months.
HomeGain, one of the nation’s leading real estate sites, surveys 900 current and former agents and brokers who are members of its network and more than 3,500 homeowners. They also released the regional results of our survey and will release selected state survey data in the coming days.