The differential in November came in at 0.67% in favor of appraisers.
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Homeowners, on average, have a higher opinion of their home values than appraisers do. However, the gap between the average owners’ estimates and the average appraised values has reached its narrowest margin in 2017.
In November, home appraisals were an average of 0.67% lower than what owners expected, according to Quicken Loans’ National Home Price Perception Index (HPPI).