Home owners are overvaluing the price of their homes compared to appraiser opinions, according to Quicken Loans’ Home Price Perception Index for September, which monitors the difference between appraisers’ and home owners’ opinions of home values.
Appraiser opinions of home values in September were 2 percent lower than home owner’s views. The gap of the two values did narrow in September for the first time since February, but the findings marked the eighth consecutive month that home owners’ price perceptions outpaced appraiser opinions.
Here's a breakdown of cities where the gap between home owner and appraiser price opinions was the greatest.
Author:Sherry Cabrera Phone: 214-454-6969 Dated: October 15th 2015 Views: 506 About Sherry: Sherry was raised in Mississippi and moved to Dallas 16 years ago with her daughter. Prior to movin...
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