Owners, Practitioners Think Prices Will Fall


About 48 percent of real estate professionals and 33 percent of homeowners believe home prices will decline over the next six months, according to a survey by HomeGain.

Only 10 percent of real estate professionals and 18 percent of homeowners believe home prices will increase in the next six months.

Sellers continue to doubt the accuracy of prices recommended by practitioners, with 79 percent believing that their homes are worth more than professional appraisals.

On the other side of the fence, 69 percent of practitioners say that their home-buying clients think homes for sale are overpriced.

Source: Real Estate Economy Watch, Steve Cook (09/21/2010)