Survey finds most agents see home prices stabilizing

posted Dec 16, 2009, 10:18 PM by Casey Elliott
A fourth-quarter survey conducted by HomeGain showed that 72 percent of HomeGain members believe that home prices will remain the same in the next six months, an increase from 69 percent in the third-quarter survey.

According to the recent survey, HomeGain members said that 37 percent of home buyers believe that homes for sale are fairly priced or under priced, compared with 36 percent in the third quarter.  Conversely, 41 percent of homeowners think their homes should be listed 10 percent to 20 percent higher than what their agents recommend, up from 38 percent in the third quarter.

The first-time home buyer tax credit has helped drive sales, with 21 percent of respondents saying half of their transactions involved a first-time home buyer, with only 11 percent noting that none of their transactions involved a first-time home buyer.