Rising prices narrow home value perception gap in September

Rising prices narrow home value perception gap in September

Appraised values still coming in lower than homeowner estimates. Home appraisals remained an average 0.5% lower than what homeowners expected in December, the HPPI showed. This is closer than the 0.67% gap in November and the 1% gap in December 2016. But even as homeowners continued to over estimate their home’s value,

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There remains a gap in home values if you were to ask homeowners and appraisers. This is according to Quicken Loans’ National Home Price Perception Index (HPPI) whose results for May 2017 showed this appraised value vs. estimated value gap widening for the past six months. On a national level, appraised home values were 1.93% lower than homeowners’ estimated values.

The U.S. Cities With The Most Overvalued And Undervalued Homes.. homeowner opinions of home values continued to narrow in September. While home values have generally increased since 2011.

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Appraisals better matched owner perceptions in October, coming in only 0.99 percent lower than expected, according to the latest Quicken Loans’ National Home Price Perception Index (HPPI).

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Appraised values were an average of 1.93% lower than what homeowners expected, according to Quicken Loans’ National Home Price Perception Index (HPPI). The gap between estimated value and.

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The particular perception gap was slightly larger in September, using appraised values 2 % higher than what homeowners approximated.? Home values rose at an greater pace in October in line with quicken loans’ national home price index (HVI). Average appraised valuations rose 1.07 p . c in October, compared to in the vicinity of flat growth in.

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