Send Your REFERRALS

Do you know a friend who is interested in buying a home?CLICK HERE

Schedule A MEETING

Meet with one of our agents for a consultation… CLICK HERE

Why Invest TODAY?

Check out these FAQs to help you decide whether to invest today or not… CLICK HERE

Homeowners overestimate their home values

Source: Housing Wire

To be sure, home prices are rising and even hitting highs in some markets but they are not rising quite as high as homeowners may think, according to the National Home Price Perception Index (HPPI) release by Quicken Loans. The HPPI found that appraisers valued homes at an average of 1.69 percent lower than what homeowners expected in July. This is a smaller gap than June, when appraisers valued homes at 1.93 percent below homeowner expectations.

And appraised values were higher than homeowners in Western cities, including Denver, San Jose, and San Francisco, by as much as 3.1 percent, 2.52 percent, and 2.36 percent, respectively.

Model-house-on-money

About Community Real Estate

Community Real Estate is a Real Estate Company committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents. We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Foreclosures, Distress Properties and REO listings and sales. We support our America’s Heroes. We look forward to meeting you and your needs!
This entry was posted in Economy, Mortgage, Real Estate, Selling your Home and tagged , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

FEATURED PROPERTIES

714-835-7126

714-835-7126

Contact Information

CA Department of Real Estate Lic.# 01960213
  • facebook
  • twitter
  • linked in