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 6-11 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.A recent survey of consumers by HomeGain rival Zillow found that 37 percent of homeowners expect price declines in their local markets in the next six months. Two-thirds of homeowners surveyed by Zillow believe home values will increase (26 percent) or stay the same (37 percent) over the next six months.Asked about their own property, three out of four surveyed by Zillow expected their home's value would hold its own or increase in the next six months -- demonstrating that homeowners remain "starry-eyed" about the ...
by Brad Inman | on Mar 21, 2017
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