• Quicken Loans’ National HPPI shows appraised values 0.36% lower than homeowners estimated in March
• Home values rose 1.84% nationally in March, but posted a 7.64% year-over-year increase, according to the Quicken Loans HVI
• Home values rose 1.84% nationally in March, but posted a 7.64% year-over-year increase, according to the Quicken Loans HVI
DETROIT, April 10, 2018 – American homeowners are nearly seeing eye-to-eye with appraisers who are assigning a value to their home. In March, appraisal values were an average of 0.36 percent lower than what homeowners expected, according the Quicken Loans National Home Price Perception Index (HPPI).
Along with improving home value perceptions, appraisals also had positive movement in March. Quicken Loans National Home Value Index (HVI) reported that the average home value rose 1.84 percent since February and jumped 7.64 percent year-over-year.
