More Real Estate Agents, Brokers Prefer Romney: Survey Agents & Brokers Barack Obama Home Values Housing Affordability Investors Lenders & Servicers Mitt Romney Politics Processing Service Providers 2012-06-11 Ryan Schuette June 11, 2012 394 Views Some 66 percent of real estate agents and brokers disapprove of President “”Barack Obama’s””:http://www.whitehouse.gov/administration/president-obama performance, with many preferring GOP presidential forerunner and former Massachusetts Gov. “”Mitt Romney””:http://www.mittromney.com/ in the coming election, according to home valuations company “”HomeGain””:http://www.homegain.com/.[IMAGE]The company released results from a second-quarter survey Monday that polled 400 real estate agents and more than 1,700 homeowners.Fifty-three percent of agents and brokers signaled a strong disapproval for the president, while 13 “”somewhat disapproved”” of his performance, representing a 1 percent increase from the first quarter.Forty-six percent of homeowners gave their strong disapproval, along with 13 percent that somewhat disapproved of Obama’s actions in office. Long-shot GOP presidential contender Rep. “”Ron Paul””:http://www.ronpaul2012.com/ (R-Texas)[COLUMN_BREAK]shored up 16 percent in support in a three-way poll preference.The company also found more optimism among real estate professionals about the direction of home values, with 48 percent expecting home values to climb up from 37 percent last quarter.Among homeowners, only 27 percent said they expected home values to increase, a tick up from 25 percent from the first quarter.Fifty-nine percent of homeowners believe home values will climb over the next year, compared with 26 percent who think they will stay the same and 24 percent who say they will decline in the next six months.By the same token, 82 percent of real estate professionals believe home values will rise over the next two years, compared with 12 percent from the stay-the-same column and 14 percent who believe values will decline in the next six months.Thirty-eight percent of real estate agents and brokers believe values will hover at around the same figures in the next six months.Agents and brokers said that 77 percent of homeowners believe their homes are worth more than figures seen in the listing prices, while 58 percent believe their homes are overpriced.””Optimism among real estate professionals spiked in the second quarter,”” “”Louis Cammarosano””:http://blog.homegain.com/louis-cammarosano/, general manager of HomeGain, said in a statement. “”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.”” Share in Data, Government, Origination, Servicing
in Daily Dose, Featured, News, Origination Share Affordability Inventory Prices 2017-04-19 Seth Welborn Rates are rising and inventory may be tighter than ever, but that’s not stopping home sales. According to the latest Potential Home Sales model and analysis from First American, high demand and an uptick in building permits should mean strong sales are on their way.Though potential existing-home sales decreased 1.5 percent from February to March, they’re up by 0.6 percent over the year and have jumped 83 percent since the all-time low, which was reached in December 2008.“Despite higher mortgage rates, the potential for home sales increased on an annual basis driven by steady income and job growth, along with a surge in building permits,” said Mark Fleming, chief economist at First American. “While it may be a little late for this spring, the increase in building permits is a welcome sign that some relief may be in sight for the inventory shortages that are holding back many markets from realizing their full potential this spring.” Even declining affordability—which dipped in January—isn’t stopping buyers from purchasing homes, Fleming said.“While affordability declined slightly in January, it is not affecting consumer demand,” Fleming said. “Rather, in the fourth quarter of 2016 owner-occupied home sales increased the fastest outside the top 25 largest markets, as first-time homebuyers are pursuing home purchases in less expensive markets, as the American Enterprise Institute (AEI)/First American National Housing Market Index showed.”In addition to job growth and strong employment, according to Fleming, wage improvements likely factored into the increase in sales potential as well. Wages grew 2.7 percent over the last year.“The housing market’s potential for existing-home sales held steady in March,” Fleming said, “growing 0.6 percent over the past 12 months, despite increasing interest rates, in part fueled by strong building permit activity and continued employment gains as more people return to the workforce.”While March may have seen an increase in annual sales potential, there’s still room to grow, according to First Am’s report. Potential existing-home sales are at 853,000—15.5 percent lower than the peak potential, reached in July of 2005. Additionally, First Am reported, “the market for existing-home sales is underperforming its potential by 2.3 percent of an estimated 129,000 sales.” This time last year, the market was underperforming by 49 percent. April 19, 2017 550 Views Inventory, Affordability Problems Can’t Keep Buyers Away
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