RIS Media
Appraisers and homeowners are less eye-to-eye on home value for the first time in six months, with the gap between their opinions widening in December to 1.33 percent, according to Quicken Loans’ National Home Price Perception Index (HPPI). The difference in opinion, says Quicken Loans Chief Economist Bob Walters, helps to impart understanding for homeowners, who often hold their homes at higher value than appraisers.
“It’s our hope that homeowners use the HPPI’s unique data as an insight into their local housing market,” says Quicken Loans Chief Economist Bob Walters. “When consumers have a better grasp of their local market conditions, it can help influence their expectations and ultimately lead to a smoother mortgage or home sales process.”
The latest Quicken Loans National Home Value Index (HVI), at the same time, declined 1.19 percent.
