Items Tagged with 'Home Price Perception Index'

ARTICLES

Homeowners nearly hit the mark on estimating home prices

Now just 1% off from appraised values
Homeowners got a step closer when it comes to estimating their home’s value. In fact, they are now only 1% off from appraised values. Quicken Loans’ chief economist expressed his hope that with this information the only surprises this holiday season are the ones wrapped under the tree.
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Homeowners still overestimate what their home is actually worth

Appraised values continue to be lower than expected
As the appraised values drop lower than expected, home values continued to slowly climb in March. San Jose, Denver, San Francisco, Dallas and Houston were the highest in appraiser value, while in Philadelphia, Baltimore, Chicago and Detroit values came in lower.
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Homeowner expectations and appraisal values divided as gap widens

Hard to keep up in today's fast-paced housing market
For the first time in six months, the gap between appraisal and owner estimates of home values widened. Quicken Loans' chief economist noted that while it is always disappointing for homeowners to learn they don’t have quite the home equity they expected, the gap still falls within a normal range.
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