Study Shows Slight Gap Between Owner Perception and Appraiser Opinion of Home

Homeowners and appraisers are coming closer to being on the same page, and in an increasing number of metro areas, appraisals are even higher than what owners expected. In May, appraised values were 0.34 percent lower than expected, according to Quicken Loans’ National Home Price Perception Index (HPPI). This is a vast improvement from the year prior, when the gap between the appraisers’ and owners’ opinions was five times larger.
Both perceptions of home values and the apprais