Do Experts Value Your Home More Than You?

Real-estate appraisers are more optimistic than homeowners, and that might be a warning sign.

Seeing the world through mansion-colored glasses.

Photographer: Justin Sullivan/Getty Images

Homeowners are almost naturally inclined to have a higher opinion of their properties than anyone else, including potential buyers, lenders, brokers or appraisers. But that wasn't always the case during the bubble years, and inflated real-estate appraisals contributed to the excesses.  

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