A recent report from HomeGain showed that nearly half of real estate professionals believe that home prices will not change dramatically over the next six months.
The Fourth Quarter 2011 Home Values Survey showed that 43 percent of those who work in the residential real estate industry think home prices will stay the same for the foreseeable future. In addition, 48 percent of homeowners agree.
"Homeowners and real estate professionals appear to be in sync regarding the direction of home prices," said Louis Cammarosano, general manager of HomeGain. "Home buyers and sellers, however, continue to remain apart as to home valuations with the vast majority of homeowners thinking their homes are worth more than their agents and the market are telling them."
Another 42 percent of real estate professionals think home values will drop in that time period, while 37 percent of homeowners agree with that sentiment, the report added.
Home prices have been low recently, which may make the overall homebuying situation more attractive to consumers who are eligible for still low mortgage rates.