A new statistical study, published in the journal of Housing Economics, found that homeowners on average overestimate the value of their properties by about 8%.
Why homeowners often overestimate their home market’s value
Single family residential (SFR) starts for the six-month phase ending April 2015 rose 11% over one year earlier, compared to the 17% rise in Multi-family construction. This reflects a higher demand for multi-family rentals compared to new SFRs. A very insightful article with predictions on the future of California home and multi-family construction.