Real Estate Roundup: Bay Area Homes Still Worth More Than Owners Think

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious.   BAY AREA HOMEOWNERS CONTINUE TO UNDERESTIMATE PROPERTY VALUES While the average U.S. homeowner has too rosy of an opinion of their property’s value, price appreciation here in the Bay Area has driven home values beyond expectation. Quicken Loans’ latest Home Price Perception Index says that average appraisals were 1.8 percent lower than owners’ opinions in December. That was the 11th consecutive month that appraiser values have been lower that owner expectations, although the gap … [Read more...]