RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

Appraiser Opinions Keep Falling Short of Homeowner Expectations

Home Latest News
April 12, 2017
Reading Time: 2 mins read
Homeowner Views Move to Align with Appraisers Opinions

homeowner_appraiser.jpg

Appraiser opinions regarding home value kept falling short of homeowner expectations in March, coming in 1.77 percent lower, according to the latest Quicken Loans’ National Home Price Perception Index (HPPI). The gap has now widened four months in a row.

The latest Quicken Loans National Home Value Index (HVI) shows appraised values rose 3.30 percent year-over-year in March.

“The national average shows appraisals lower than homeowner expectations, but some cities are bucking that trend,” says Bill Banfield, vice president of Capital Markets at Quicken Loans. “With prices sprinting forward in many of the booming housing markets in the West, it can be difficult for homeowners to keep up with appraisers, who are on the ground, examining real estate price changes every day. This study is one more reminder for consumers to keep an eye on their local market before selling or refinancing. The state of their local market could affect their home’s value, on either end of the spectrum.”

A summary of the HPPI:
While home value perception varies across the country, the National HPPI shows a widening gap between what homeowners think their home is worth and the value appraisers assign. March is the fourth consecutive month of this growing trend, with appraisals 1.77 percent lower than homeowners’ estimates. On the other hand, appraisals are showing higher values than homeowners expected in some of the hottest housing markets, many of those on the West Coast.

A summary of the HVI:
Quicken Loans’ HVI, the only measure of home value change based solely on appraisal data, showed another month of growth in March. Nationally, home values rose 0.63 percent from the previous month. When viewed annually, appraised values increase an average of 3.30 percent. The study showed the strongest monthly growth in the Northeast, with a 1.78 percent increase; however, the South had the fastest annual increase, with a 4.67 percent rise in home values.

“Real estate signs are beginning to pop up, even before leaves appear on the neighborhood trees. As home selling season gets started across the country, enthusiastic buyers are battling for available homes,” Banfield says. “The increased attention to home sales has led to more competition for a relatively small inventory of homes, continuing to fuel the rising prices.”

For more information, please visit QuickenLoans.com/Indexes.

For the latest real estate news and trends, bookmark RISMedia.com.

Tags: Home AppraisalHome ValuationHome ValueQuicken LoansQuicken Loans HPPIQuicken Loans HVI
ShareTweetShare
Susanne Dwyer

Susanne Dwyer

Related Posts

Where Do Bank Busts Leave Real Estate Tech Investment?
Agents

Where Do Bank Busts Leave Real Estate Tech Investment?

March 20, 2023
Industry Icon Wes Foster Passes Away at 89
Agents

Industry Icon Wes Foster Passes Away at 89

March 20, 2023
Adfenix Rebrands as Realforce After Acquisitions
Agents

Adfenix Rebrands as Realforce After Acquisitions

March 20, 2023
Most REALTORS® Recommend Improving Curb Appeal
Agents

Most REALTORS® Recommend Improving Curb Appeal

March 20, 2023
Diversity at the Brokerage Level: Nurturing Female Leadership
Agents

Diversity at the Brokerage Level: Nurturing Female Leadership

March 20, 2023
NAR Hosts Policy Forum on the Current Housing Market and Affordability
Agents

NAR Hosts Policy Forum on the Current Housing Market and Affordability

March 20, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tip of the Day

4 Tips to Modernize Your Marketing Strategies

Nothing is worse than stale marketing, especially when the entire real estate industry is looking for new ways to capture consumers' attention. In this competitive environment, standing out is paramount to reeling in more business. Read more.

Business Tip of the Day provided by

Recent Posts

  • Where Do Bank Busts Leave Real Estate Tech Investment?
  • Industry Icon Wes Foster Passes Away at 89
  • Adfenix Rebrands as Realforce After Acquisitions

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

X