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 percent.”  Not new information for those of us in the real estate business, but the bigger question is why they overestimate.  Click on the graphic above to read about the studies, but at the top of the list is unrealistic expectations about how much improvements made to the house will add to its resale value.  Check it out, then call OWN THIS HOME TEAM for all of your real estate needs.