Heres Your First Clue The Market Is Shifting

Heres Your First Clue The Market Is Shifting

If you are thinking about selling please take note: 


For the seventh consecutive month, the gap has widened between what home owners say their home is worth compared to what appraisers say, according to Quicken Loans’ August 2015 Home Price Perception Index.


Home owner estimates now stand 2.65 percent higher than appraiser opinions, the largest gap in more than a year, according to the index.


“The perception trend of most of this year suggests home owners may be assuming that home values have been in a steady, linear path upward,” says Bob Walters, Quicken Loans chief economist. “In reality, home values have remained mostly flat this year, and this false assumption may be leaving home owners disappointed when their appraisals come in.”


The chart below gauge home owners' versus appraisers' value perceptions by metro.

Chart from Quicken Inc. detailing the gap between home owners' expectations and appraisers' opinions.



Sherry Cabrera Headshot
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Phone: 214-454-6969
Dated: September 9th 2015
Views: 1,430
About Sherry: Sherry was raised in Mississippi and moved to Dallas 16 years ago with her daughter. Prior to movin...

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JP And Associates REALTORS
6175 Main Street #355 Frisco Texas 75034
Frisco, TX
972-375-9448
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