Rising prices narrow home value perception gap in September

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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.

The continuing trend of rising home prices helped narrow the difference between appraised home values and homeowner expectations in August.. Perception gap between appraisals and value narrows.

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Home Price Perception Index (HPPI) The gap between homeowner perceptions of home value and actual appraisal values was 0.60% in January, as compared to 0.50% in December. However, there’s a marked improvement compared to the same time a year ago when appraiser opinions were 1.47% below homeowner estimates.

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September marks the fourth consecutive month that the gap narrowed. The Quicken Loans Home Value Index (HVI), which is based on appraisal data, showed that home values have increased 0.44 percent from August and 3.38 percent since September 2016.

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