Home Warranty of America Surveys Realtors' Expectations for Spring Housing Market

Feb 24, 2009 - Buffalo Grove, IL - The National Survey was sent to Realtors in February by Home Warranty of America, Inc. (HWA) and received close to 500 completed responses.

"We were pleasantly surprised by some of the results from Realtors who are on the frontlines of home sales. Realtors responded to a credit availability question positively, which was very encouraging when considering how tight banks have been over the last several months. Over 50% rated the availability of credit in their area for qualified home buyers as 'Good' or 'Excellent' with less than 10% rating it 'Poor'," stated Marc Roth, President and CEO.

HWA also asked Realtors how they felt sales will be this spring in their market, normally the best selling season. Over 55% stated they see this spring as being "Good" to "Excellent" in their markets. Less than 38% said their market would be "Fair" and only 6.3% said they see sales being "Poor."

"Another interesting response came when Realtors were asked to prioritize the factors necessary for improving home sales. Almost 40% cited improving home buyer confidence was the number one factor to increasing home sales. Many stated the mainstream media was broadly negative, repetitive, and polarized to reporting what is happening on the coasts, rather than the entire nation. They stated this scares first-time home buyers and others who are now sitting on the sidelines," said Chris Kaucnik, Director of Marketing.

The Survey also showed over 90% of Realtors expected the market to begin returning to normal inventory levels sometime this year.

Statistical confidence for the survey is 95%, +/- 1%.

About Home Warranty of America
Home Warranty of America, Inc. of Buffalo Grove, IL, was founded in 1996 to provide home warranty coverage for houses, town homes, and condominiums. The Company has experienced remarkable growth to become a leading supplier of home warranties across the United States, and provides its services through real estate agents, insurance professionals, relocation companies, developers, title companies, bankers, home inspectors and mortgage brokers. The Company also provides its comprehensive home warranties directly to the homeowner and takes the worry out of buying and owning a home. It offers full coverage for every buyer without the home age restrictions that are common on competitor's products. Service is a convenient 24/7 toll-free call away and repairs are performed by qualified, approved technicians. The Company offers a 30-day, money back guarantee on every home warranty. More information is available at www.hwaHomeWarranty.com.