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Week of April 23rd-Homeowner Value Estimates Continue to Outpace Appraisals by a Widening Spread

April 23, 2017

Home values continued to rise in March, but not at the pace homeowners estimated across much of the country. On average appraisals were 1.77 percent lower than what homeowners expected, according to the Quicken Loans Home Price Perception Index (HPPI). This marks the fourth consecutive month the gap between homeowner estimates and appraiser opinions of value widened.

Home values continued the upward movement of the last few months and maintained its positive trend which began in early 2012. Appraisals rose 0.63 percent from February to March, but showed strong growth of 3.30 percent year-over-year, according to Quicken Loans’ National Home Value Index (HVI).  Read More

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