Owners Say Their Home Is Worth More
October 14, 2015
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.
Source: Quicken Loans
Updated: May 18, 2019