HomeGain: homeowners losing hope

HomeGain just released its 3rd quarter National Home Survey, indicating that consumers have an increasingly bleak outlook of the US real estate market. Agents and brokers aren’t hopeful, either, though a few are feeling more positive than the last quarter. As opposed to the 50 percent of real estate practitioners that expected value downturns last quarter, 47 percent of real estate practitioners now expect home values to go down in the upcoming six months. Of the 2200 homeowners surveyed, 45 percent agree with that dismal outlook. In Q2 only 30 percent of consumers thought prices would decrease.

“Homeowners have joined real estate professionals and now share their dour view on the direction of home prices,” HomeGain GM Louis Cammarosano, wrote in the HomeGain blog.

For more details and graphics on survey results see the HomeGain blog.

 

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