HPPI: Quicken Loans study shows less than 1% difference between owner and appraiser opinions of home values

(Editor’s note: News releases are published unedited, unless they contain factual errors.) 

Quicken Loans

DETROITNov. 14, 2017 /PRNewswire/ — Opinions of home values from appraisers and homeowners continue to converge, with the gap between the two viewpoints narrowing for a fifth-straight month. Appraisals were an average of 0.99 percent lower than the homeowners thought they would be on a national scale, according to the Quicken Loans Home Price Perception Index (HPPI).

Despite the differing opinions, appraisal values continue to rise. Nationally, home values increased an average of 0.71 percent in October and rose 4.76 percent as compared to this time the previous year.

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