OWNER PERCEPTION OF HOME VALUE DIPS AFTER SEVEN MONTHS OF IMPROVEMENT

Source: Quicken Loans

The gap between an appraisal value and homeowner expectations widened in January – reversing course for the first time in eight months. The National Quicken Loans Home Price Perception Index (HPPI) showed appraisers valued homes an average of 0.6 percent lower than what owners estimated.

Despite the slight difference in perception, the Quicken Loans Home Value Index (HVI) – the only measure of home value change based solely on appraisal data reported climbing home values. On a national level, appraisal values increased 0.46 percent from December to January. The annual growth was even stronger, with home values jumping 7.03 percent from the same month of the previous year.

Full story:
https://www.quickenloans.com/press-room/2018/02/13/owner-perception-of-home-value-dips-after- seven-months-of-improvement/