Appraisal Value Lags Owner Estimates by Wider Spread for Second Month

For the second consecutive month, the gap between homeowner estimates and appraiser opinions has widened. Quicken Loans’ National Home Price Perception Index (HPPI) showed the average appraisal value was 1.47 percent below what owners expected in January. This two-month drop in the HPPI comes on the heels of a six month stretch where opinions between homeowner and appraiser were steadily moving closer to equilibrium.
Appraisal values in January stayed mostly flat, slipping only 0.34 percen