Home prices to increase say real state professionals

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Real Estate Agent with @properties

Some 77 percent of U.S. real estate professionals surveyed think home prices will either stay the same (48 percent) or decrease (29 percent) in the next six months, according to HomeGain’s First Quarter Home Prices Survey. In comparison, the first quarter 2009 survey results indicated that 89 percent of agents and brokers thought home prices would decrease (53 percent) or stay the same (36 percent).

The top 10 states where real estate professionals think home prices will go down in the next six months:
1. Minnesota (82%)
2. Oregon (65%)
3. Illinois (54%)
4. Utah (50%)
5. Michigan (42%)
6. New Jersey (44%)
7. Nevada (43%)
8. Connecticut (42%)
9. Washington (35%)
10. New York (35%)

Top 10 states where real estate professionals think home prices will go up in the next six months:
1. Texas (41%)
2. Massachusetts (38%)
3. California (37%)
4. Nevada (36%)
5. Idaho (31%)
6. Colorado (31%)
7. Alabama 25%
8. Tennessee (25%)
9. Arizona (23%)
10. Indiana (22%)

Source: Homegain.com
REAL Trends Update #1190

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