Industry NewsMarkets & Economy

Realtors optimistic about price bottom

Most expect prices to stabilize or increase in next 6 months
Published on May 18, 2009

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by CareyBot

If homeowners have high expectations that home prices will hit bottom in the next six months, Realtors are even more optimistic, according to a survey by home valuations and listings site HomeGain.

Only 29 percent of 1,150 Realtors surveyed by HomeGain from May 6 to 11 said they expect home values in their market will decline in the next six months. About half (49 percent) said they expect home values will stay the same, and 22 percent were expecting values to increase.

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