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Survey: Optimism for Home Values Grows in Q4

Optimism among both real estate professionals and homeowners regarding home values is rising, according to a nationwide ""survey"":http://blog.homegain.com/homegain-market-data/homegain-releases-4th-quarter-2012-national-home-values-survey-results/ by ""HomeGain,"":http://blog.homegain.com/ a website that offers free, instant home values.

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Sixty-five percent of real estate professionals say home values will increase over the next six months, according to HomeGain's fourth-quarter survey. The third-quarter survey found 51 percent of professionals shared this optimistic view.

The year-over-year increase in positive outlook was even greater. A year ago, just 15 percent of professionals responding to HomeGain's survey said home values would rise over the following six months.

Optimism is not as high among homeowners, 39 percent of whom say home values will rise over the next six months. This is up from 34 percent in the previous quarter.

Eleven percent of real estate professionals believe home values will decrease, while 24 percent believe home values will stay the same over the next six months.

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About 26 percent of homeowners believe home values will decrease over the next six months, and the remaining 41 percent believe home values will remain unchanged.

The outlook for the next two years is even more optimistic than the outlook for the next six months â€" both from real estate professionals and from homeowners.

Seventy-nine percent of real estate professionals anticipate rising home values over the next two years, and 62 percent of homeowners agree.

Only 11 percent of professionals and 17 percent of homeowners harbor a negative outlook for home values over the next two years, according to HomeGain.

As is always the case, location matters for home value outlook. A full 100 percent of professional survey respondents from Idaho and Michigan say home prices will rise in the next six months.

Arizona and Texas brought in an 88 percent positive outlook for the next six months from professionals, and about 80 percent of Indiana's professional respondents shared a positive outlook.

Homeowners were most optimistic in Arizona (63 percent), Nevada (54 percent), Texas (48 percent), Colorado (45 percent), and Wisconsin (44 percent).

On the other hand, pessimism among real estate professionals was highest in Colorado (40 percent), North Carolina (25 percent), Indiana (20 percent), Missouri (20 percent), and Tennessee (20 percent).

Homeowners were most pessimistic in Oregon (56 percent), Alabama (53 percent), New Jersey (53 percent), Georgia (49 percent), and Missouri (47 percent).

Survey respondents included 200 real estate agents and brokers and over 1,500 homeowners.

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