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,
Homeowner perceptions of value were off in September, 1.14 percent higher than those of appraisers, according to the latest Quicken Loans’ national home price Perception Index (HPPI).
Homeowners’ average estimate of their home’s value stayed consistent in March, while appraised values dipped – widening the gap between the two more than 50% since February. In March, the.
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.
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Perception is Reality in Home Values. Quicken Loans goes on to state that despite appraisers and homeowners still continuing to differ, that appraisal values continue to rise. For October 2017, home values are up by an average of 0.71 percent while they are up 4.76 percent compared to October 2016. This is where home value index,
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The average appraisal was 0.87% lower than what homeowners expected, according to Quicken Loans’ National Home Price Perception Index (HPPI). This is compared to a 0.78% difference of opinion in.
Home Price Perception Index (HPPI) There was an average of 1.14 percent difference between the appraisal and the homeowner’s estimate of value in September – with the appraiser’s opinion falling below that of the homeowner. However, the trend is positive.
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Homeowner Perceptions of Value Off – Homeowner perceptions of value were off in September, 1.14 percent higher than those of appraisers, according to the latest Quicken Loans’ National Home Price Perception Index (HPPI. fourth.
The Gap Is Widening Between Home Prices and Appraisal Values. March 2016. In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. One major challenge in such a market is the bank appraisal.
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