Tag Archives: Home Values

Homeowners are overestimating the value of their homes, though not by much.

While the debate continues as to how the new president will affect housing after January, the data shows that the ROI on houses in districts controlled by one party is nearly double that of houses in districts controlled by the other party.

The gap between what homeowners perceive their homes to be worth and the average appraisal shrank in July after expanding in June, according to analysis released Tuesday.

After decades of “hollowing out,” center-cities are becoming increasingly popular, according to the FHFA.

While some housing markets have since climbed their way back up to reach new peaks, others are still struggling to reach their previous highs.

The CoreLogic Home Price Index is still climbing, with single-family gains in April up nearly 2 percent over March numbers and 6 percent up from a year ago, according to the company’s latest HPI report.

While the cash sales share has declined by more than 20 percent since peaking five years ago, a disparity remains between cash sales transactions in among the highest and lowest valued homes.

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.