Grand Rapids Real Estate Report: Real Estate Pro’s Optimistic About Rising Home Values

More real estate professionals are optimistic about the direction of home prices, according to a fourth-quarter survey by HomeGain of more than 200 practitioners and brokers.

Sixty-five percent of real estate professionals say they expect home values to rise in the next six months, up from 51 percent in the previous quarter.  In the fourth quarter of 2011, only 15 percent of practitioners said they expected home prices to rise.

“We are seeing a continued increase in optimism about the direction of home prices,” says Louis Cammarosano, general manager of HomeGain. “Real estate agents expect the recent pick up in the real estate market to continue in the coming two years.” To read more and see where Michigan ranks on the list, please click here