Foreclosure rates in the greater Miami area remain astonishingly high, but they’re headed in the right direction. In March, 13....
A debate is stirring in Michigan over legislation that aims to shorten the redemption period for homeowners in foreclosure, The...
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% of real estate professionals expect home values to increase, while only 25% of homeowners expect the same. At 22%, real estate professionals are less likely to believe that prices will fall in the next six months than homeowners, 29% of which believe prices will decrease.
All of these numbers are more optimistic than last quarter, where 15% of real estate professionals and homeowners expected a positive direction in home values, and 42% of real estate professionals and 37% of homeowners expected values to go down.
"Optimism among real estate professionals spiked in the second quarter. Real estate professionals are especially optimistic about home prices in the short term and especially optimistic in the coming two years with 82% of real estate professionals and 59% of homeowners expecting prices to rise," said Louis Cammarosano, general manager of HomeGain.
Don’t miss out: get HW delivered via email