Unlike the guides for automobiles which are based on analyses of actual car prices, the Blue Book and NADA guides are based primarily on a percentage of the manufacturer’s suggested retail price (M.S.R.P.). These guides may be nowhere near the actual current resale value. Previous reporting from Business Insider’s Hillary Hoffower shows Zillow’s median home values from last August Hoffower reported that the median home listing price in the US was $279,500. Home value averages have fallen since June of last year, when the median home value sale price was about $319,000 (with the list price usually about $324,000).
Together, …