A report by HomeGain indicates real estate professionals are much more optimistic about the future of the housing market than homeowners.
The results of the survey, conducted between May 21 and June 1, indicate that 48 percent of real estate professionals expect home values to increase, while only 25 percent of homeowners expect the same. At 22 percent, real estate professionals are less likely to believe that prices will fall in the next six months than homeowners, 29 percent of whom believe prices will decrease.
All of these numbers are more optimistic than last quarter, when 15 percent of real estate professionals and homeowners expected a positive direction in home values, and 42 percent of real estate professionals and 37 percent of homeowners expected values to go down.
“Optimism among real estate professionals spiked in the second quarter,’ said Louis Cammarosano, general manager of HomeGain. “Real estate professionals are especially optimistic about home prices in the short term and especially optimistic in the coming two years with 82 percent of real estate professionals and 59 percent of homeowners expecting prices to rise.”
© 2012 HOUSINGWIRE
REPRINTED WITH PERMISSION