Appraisals Arrive Below Expected, but Not by Much

Appraisals arrived 0.5 percent below what was expected by homeowners in December, according to the latest Quicken Loans’ National Home Price Perception Index (HPPI). The latest Quicken Loans National Home Value Index (HVI) shows appraised values rose 6.17 percent year-over-year.
Although the average appraisal continues to lag homeowner estimates, the gap between the two numbers was narrower in December than it has been since March 2015. The current narrowing trend is in its seventh straigh