NYC homeowners overestimate their values, says Quicken Loans

Quicken Loans released its Home Price Perception Index (HPPI) for June, finding the range between homeowner expectations and actual appraisal values continues to grow in the U.S. The retail mortgage lender recently announced average home appraisal values in June were 1.93 percent lower than homeowners’ expectations, a slight 0.4 percent increase the gap from the 1.89 percent rate in May.