BrokerageIndustry News

Survey: Home-price outlooks sour in Q3

More sellers disagree with agents' recommended listing prices

Ninety percent of real estate agents and brokers expect home prices to either fall or stay the same over the next six months, according to a survey by online real estate marketing site HomeGain. HomeGain conducted the survey from Sept. 7-14, with participation from more than 1,100 real estate agents and brokers and 2,600 homeowners nationwide. Of this quarter's respondents, 48 percent of the real estate professionals and 33 percent of the homeowners think home prices will fall in the next half year, rising from 33 percent and 23 percent, respectively, who thought so in the second quarter. The same share of both groups expect home prices will remain flat in the next six months: 42 percent. There were some optimists among respondents: 10 percent of real estate pros and 18 percent of homeowners expect home values to rise in the next half year. "Real estate professionals and homeowners are taking a far more negative view on the direction of home prices citing current high invento...