Rising prices narrow home value perception gap in September

The gap between the appraisal and homeowner expectations was down from 1.93 percent in June. Quicken Loans has calculated the Home price perception index for several years.

Homeowner perceptions of value were off in September, 1.14 percent higher than those of appraisers, according to the latest Quicken Loans’ national home price perception Index (HPPI).

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The perception gap was slightly larger in September, at 2 percent. "It’s too early to call it a trend, but it is encouraging to see the gap between the estimates homeowners provide and the appraised values starting to narrow," Quicken Loans Chief Economist Bob Walters said in a press release announcing the monthly index.

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Gap Between Appraisals, Expectations Widens in April. according to Quicken Loans’ National Home Price Perception Index (HPPI).. but the persistent low inventory keeps home values rising.

Appraisals better matched owner perceptions in October, coming in only 0.99 percent lower than expected, according to the latest Quicken Loans’ National Home Price Perception Index (HPPI).

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