Quicken Loans Data Reveals We're Still Overly Optimistic On Home Values

• The latest data from Quicken shows that homeowners were slightly more realistic about home value estimates in September.
• Homeowners’ estimates of home values came in 2.0 percent above appraiser estimates in September, a slight month-over-month decline.
• U.S. housing prices in the West continue to outperform those in the rest of the country.

The most recent study by Quicken Loans Inc. of homeowner value perceptions revealed that the disparity between appraiser and homeowner opinions of home values contracted in September for the first time on over a year.