Appraisals Off by a Larger Margin

Appraisals are off by a larger margin, 0.6 percent below what was expected by homeowners in January, 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 7.03 percent year-over-year.Appraisals in January were an average of 0.6 percent lower than the estimate homeowners give at the beginning of the mortgage process, as measured by the National HPPI. While not a drastic change