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Tag Archives: Quicken Loans

Homeowner & Appraiser Perception Gap Widens Further in August

Homeowners continued to overvalue their homes for the seventh consecutive month in August when compared with appraiser opinions. Quicken Loans reported in their Home Price Perception Index that homeowner estimates were 2.65 percent higher than appraiser opinions, the largest gap in over a year.

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Gap Between Appraiser & Homeowner Opinions Widens in June

For the fifth consecutive month, appraiser home value opinions dropped further below homeowner estimates in June, according to a recent report from Quicken Loans. The mortgage lender reported that appraiser opinions of home values were 1.4 percent lower than homeowner estimates, according to their monthly national Home Price Perception Index (HPPI).

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Home Value Opinion Gap Widens Between Appraisers and Homeowners, According to Index

Quicken Loans, a Detroit-based mortgage lender reported today that the difference between appraiser and homeowner perceptions of home values continued to increase for the fourth consecutive month in May. For the first time in 22 months, appraiser opinions of home values were 1.15 percent lower than homeowner estimates, according to Quicken Loans’ national Home Price Perception Index (HPPI).

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