Agents, Home Owners Predict Where Prices Will Rise

Daily Real Estate News Wednesday, December 21, 2011
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About 43 percent of real estate professionals and 48 percent of home owners say they expect home values to mostly stay flat over the next six months, according to HomeGain’s 4th Quarter 2011 National Home Values survey, based on a survey of 400 real estate agents and brokers and more than 2,000 home owners.
On the other hand, others are more optimistic: 15 percent of real estate professionals and 15 percent of home owners expect home values to increase in the next six months. Where are real estate pros and home owners the most optimistic about home prices rising?
The following are the 10 states where real estate agents say they think home prices will rise in the next six months, according to the survey:
Michigan
Arizona
Colorado
Florida
Texas
Wisconsin
California
Maryland
Washington
Ohio
The following are the states where home owners say prices will likely go up in the next six months, according to the survey:
Colorado
Massachusetts
Virginia
Arizona
Michigan
New York
Tennessee
New Jersey
Texas
Florida
Source: HomeGain