Real estate professionals are growing increasingly optimistic about the future of the housing market, while only a small portion of homeowners share their sentiment.
Real estate data from a survey conducted by HomeGain found that 37 percent of industry professional believe that home prices will appreciate during the course of the next six months. Meanwhile, only 25 percent of homeowners shared this expectation.
"Real-estate professionals have grown more optimistic regarding the direction of home prices, especially in the states that have been hardest hit in the past few years, like Arizona, Nevada and Florida and also in states that have done comparatively well, like Massachusetts and Virginia," said HomeGain general manager Louis Cammarosano.
The report noted that the increase in optimism among real estate professionals is a result of a number of economic factors suggesting that the housing market is finally starting to stabilize after years of instability.
Factors such as an increase in the rate of new home sales, increasing builder optimism and stabilizing home prices could significantly contribute to a real estate rebound in the future.