Owners Overestimate Home Values across the Country

Appraised values were an average of 1.69 percent lower than what homeowners expected in July, according to Quicken Loans’ National Home Price Perception Index (HPPI). The gap between these two measures of home values narrowed since June when appraisals lagged behind expectations by 1.93 percent.
Home values continued to rise in July, according to the Quicken Loans Home Value Index (HVI), the only measure of home value changes based solely on appraisals. The national index reflected a 1.43