Homeowners Miss Mark When It Comes to Appraised Value

Homeowners again overvalued their homes in May, missing the mark by 1.93 percent, according to the latest Quicken Loans’ National Home Price Perception Index (HPPI). The gap has now widened six months in a row.
The latest Quicken Loans National Home Value Index (HVI) shows appraised values rose 4.92 percent year-over-year in May.
“It’s important for consumers to see the HPPI and not only think about the difference in perceptions, but the different perceptions across the country