Tag Archives: Home Values

What homeowners think their houses are worth and what they’re actually worth are slightly off nationally, but the gap between owner estimates and real appraisals did close a little in April.

With the days of the recession well in the rearview, housing markets have experienced dramatic growth in home values, and some market values have surpassed previous all-time highs set during the housing bubble.

History has shown that homeowners typically value their homes at a higher price point than appraisers, but as the housing market evolves, these opinions are inching closer to reaching a point of equilibrium.

It’s too early to speculate on whether price appreciation will remain a trend heading into 2016—with the market already facing an interest rate hike from the Fed and economic uncertainty.

The best U.S. cities for watching home price inflation appear to be concentrated along the West Coast, a new report from data services firm Pro Teck says.

Residential market values are projected to continue to increases over the next 12 months, with overall annual appreciation reaching 3.6 percent, up from its second quarter forecast of 3.1 percent.

Homeowners continued to overvalue their homes for the seventh consecutive month in August when compared with appraiser opinions. Quicken Loans reported in their Home Price Perception Index that homeowner estimates were 2.65 percent higher than appraiser opinions, the largest gap in over a year.

Home prices in the U.S. rose 1.2 percent in the second quarter of 2015 for the 16th consecutive month, while home values lowered in July for the first time in four years.

The housing market has been seeing some noticeable changes this year as home values move upward. According to the May Zillow Real Estate Market Reports, bidding wars are pushing home values up in the nation’s most popular housing markets, although home values are not anywhere near their peak points during the real estate bubble in smaller markets.

Borrowers who owe more money to banks than their home is worth is slowing decreasing, however more than half of these borrowers are stuck in an underwater free fall with little to no hope of resurfacing. According to Zillow’s first quarter Negative Equity Report released today, although the negative equity rate is falling, more than half or 4 million homeowners owed the bank at least 20 percent more than the worth of their home.