Homeowners Still Overvalue Homes, but Not as Much

Appraisals lagged behind what homeowners estimated by 1.26 percent in September, according to Quicken Loans’ national Home Price Perception Index (HPPI). This is a slight move toward equilibrium after a 1.56 percent gap between perceptions in August. September marks the third time in as many months the HPPI has moved closer to agreement between homeowners and appraisers.
Nationally, home values made a slight dip in September, as measured by Quicken Loans’ Home Value Index (HVI). Aver