Dueling surveys on home values
Most Americans -- about 80 percent -- think their own home's value has bottomed out and will either stay put or rise in the next six months, according to a recent Zillow poll. Now we've got two new surveys on prices to compare and contrast.
Real estate site HomeGain surveys Realtors on a regular basis, and they're not quite as optimistic as homeowners. Just under 70 percent think home prices will stay put or rise in the next six months, HomeGain said. But more of the Maryland agents surveyed think things have bottomed out around here. Almost 80 percent believe prices won't fall in the next six months, according to numbers the company supplied to me.
I asked you all the same question, as it happens. Just under 60 percent of you (at least those of you who weighed in) think your own home's value won't fall in the next six months. So you're the least optimistic. But still, that's about six in 10 of you who see better days ahead.
Back to the HomeGain survey:
About 88 percent of the Maryland agents polled think their clients' homes lost value in the last year. (By comparison, 76 percent of you think your own home lost value.)
Many Maryland agents think people remain unrealistically optimistic about their home values. About four in 10 of the local agents surveyed said their average homeowner client thinks the property is worth 10 to 20 percent more than they think it's worth.
On the flip side: Nearly as many agents said their buyer clients think listing prices are 10 to 20 percent too high. And that's even though those listing prices might be lower than what owners originally wanted to ask.
HomeGain said it polled two dozen Maryland agents as part of the nearly 1,100 Realtors surveyed nationwide.