Volume 18 - Number 22
October 31, 2014
Quicken: Borrowers Underestimating Home Values
Homes are worth more than borrowers currently estimate, according to new indices from Quicken Loans. Last week, Quicken published a home value index based on appraisal data and a home-price perception index based on loan applicants’ estimated values. “Quicken Loans records refinancing homeowners’ estimate of the value of their home at time of application as well as the agreed upon purchase price of homebuyers and home sellers,” the lender said. “The company then ...
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