(866) 519-9597

Appraisals Continue to Fall Below Homeowner Value Perceptions

by | Sep 20, 2016

The trend of owners overestimating their home’s value when refinancing continued in August

By Jeff Sorg, OnlineEd Blog

(September 20, 2016) –  According to a recent report by Quicken Loans, appraisals across the country were an average of 1.56 percent lower than what refinancing homeowners expected in August, based on the company’s national Home Price Perception Index (HPPI).

The Quicken Loans Home Value Index (HVI), which measures home value changes exclusively through appraisals, moved higher yet in August. Home values increased 1.73 percent over the previous month while jumping 8.13 percent higher than August 2015, according to the national HVI.

unnamed

 

###

For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers, visit www.OnlineEd.com.

All information contained in this posting is deemed correct as of the date of publication, but is not guaranteed by the author and may have been obtained from third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

OnlineEd® is a registered Trademark

Newsletter Signup

Get regular updates about OnlineEd products and industry news.