Homeowners get better at perceiving home values in September

Still slightly overestimating

By Kelsey Ramírez | HousingWire

Homeowners are still placing too much value on their homes, but they are getting closer to the appraised value, according to the Home Price Perception Index released by Quicken Loans, a retail mortgage lender.

Homeowners’ estimates of their home prices came in 1.26% below the appraised values in September. This is a narrower gap from August’s 1.56%. This is the third month in a row that the HPPI moved closer to agreement between homeowners and appraisers.

Continued:

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October 13, 2016

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