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Week of Sept. 18th-Home Appraisals Continue to Fall Below Owner Perceptions Nationally

September 18, 2016

Quicken Loans, the nation’s second largest retail mortgage lender, today announced appraisals across the country were an average of 1.56 percent lower than what refinancing homeowners expected in August, according the company’s national Home Price Perception Index (HPPI).

The Quicken Loans Home Value Index (HVI), which measures home value changes exclusively through appraisals, moved higher yet in August. Home values increased 1.73 percent over the previous month, while jumping 8.13 percent higher than August 2015, according to the national HVI.  Read more

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