Appraisals Close In on Estimates by Homeowners

Appraisals are closing in on estimates by homeowners, just 0.36 percent below what was expected, according to the March Quicken Loans National Home Price Perception Index (HPPI). The Quicken Loans National Home Value Index (HVI) shows appraised values rose 7.64 percent year-over-year.“This month’s HPPI is great news for homeowners who may be thinking of selling their home, or using some of their equity,” says Bill Banfield, executive vice president of Capital Markets at Quicken