Appraisals Bring Fewer Seller Surprises

Appraisals brought fewer seller surprises at the start of summer, with appraisals in June just 0.25 percent below what homeowners predicted—the closest the gap has been since February 2015, according to the Quicken Loans National Home Price Perception Index (HPPI). Appraised home values rose 4.57 percent year-over-year, according to the Quicken Loans National Home Value Index (HVI).“Getting an accurate market value is an important, albeit often misunderstood, part of the mortgage pro