Appraiser’s valuations were 1.14% lower in September than what owner’s expected – according to the National Quicken Loans Home Price Perception Index (HPPI).

In a separate metric, even though home values may not have risen to the level owners expected, they kept rising. Quicken Loans’ Home Value Index (HVI), the only measure of home value change based solely on appraisal data, showed home values increased 0.44% from August to September, and jumped 3.38% since September 2016.