Homeowners' Perception vs Reality: Impact on Finances
Update: 2025-11-15
Description
New research reveals homeowners perception of their propertys value can significantly impact their financial decisions. Five percent of homeowners overestimate their homes worth by $53,000 or more, leading to increased spending and conservative investments. Online valuation tools like Zillow are improving but still off by 5% or more 16% of the time. Personal home value perception can greatly influence spending habits and investment strategies.
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