Thursday, March 5, 2009

Realtors on Home Values

I came across this interesting survey on Homegain.com outlining Realtor sentiment on home values across the nation. Very interesting for Realtors and consumers.
Bottom line:
1) Sellers are aware that home values are going down, but not necessarily their homes.

2) "A majority of HomeGain Realtor members believe home prices will continue to fall in the next six months and that the Obama stimulus package will do little to change the direction of home values.


http://tinyurl.com/bozav4

What do you think?

I'm going to have to agree with this article as the number of short sales and bank sales are flooding inventory, and sellers who are not in that category are having to compete against lower prices. It's going to be ugly out there for a while! Cash is King!

No comments: