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    Home Values Expected to Decline or Remain Flat

    Home Values Expected to Decline or Remain Flat
    Most real estate professionals and homeowners believe home values will stay the same or decrease over the next six months, according to the 4th Quarter 2011 National Home Values Survey released byHomeGain. Nearly half of homeowners (48 percent) think home values will stay the same over the next six months, while 37 percent of homeowners think home values will continue to decline. Real estate agents were more evenly split, with 43 percent saying home values will stay the same over the next six months and 42 percent believing they will decrease. Only 15 percent of agents and 15 percent of homeowners believe home values will increase. 

    While homeowners and agents appear to be in sync regarding the direction of home prices, homebuyers and sellers continue to be far apart in their views of home values. Three out of four homeowners (76 percent) believe their homes are worth more than the recommended listing price from their agent. In contrast, 68 percent of homebuyers believe homes are still overpriced. WED, DEC 7, 2011

    Reprinted from CRS member connect





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