Home Prices Rising! Appraisers say WHOA!

Each month, Quicken Loans releases their national Home Price Perception Index (HPPI). This month’s report revealed that the difference in appraiser home value opinions as compared to homeowner estimates is continuing to increase. Chief Economist Bob Walters explains:

"Many homeowners around the country are seeing the national headlines about home value increases and they are optimistic about their equity increasing. While some areas are seeing the same level of home appreciation, or even more, there are also some areas that have slower home value increases. This can lead to homeowners and appraisers not quite seeing eye-to-eye.”

Here is a chart showing the increasing difference in opinions:



Though reports of home price increases have garnered many headlines over the last six months, most experts expect residential real estate values to start showing more historic levels of appreciation over the next five years. Walters addressed this issue:

“A slowing of home value increases adds to the misunderstanding of local home values. Appraisers are viewing the housing industry every day; they know when home values growth may be slowing. Homeowners may think values are still skyrocketing, when they have instead returned to more healthy appreciation in their area."


When pricing your home, you should have a real estate professional help you fully understand where prices are and where they are headed in the future.

0764d7c5 353d 4e64 a869 f5416b060077 d2164d53 721c 441b 9fab 3b63fb9d7e76 2547a71f 2ec0 4970 af0f ea14dd269c48 163f833b 6687 46ed a33b b16ede807606 6591bcd8 d515 4892 9bbc 746fe89af22b 8adaf05c b036 4c14 9908 b90cec0afaf9 e10d387b e639 4ebd 80ee 06251e595332 fece982d b78a 4490 9088 347d61926bd9 f6de3d38 5ea7 457a a27f df6529cfb670 15f163ac e23e 4b9f 9c4f fbc8c33dac0a 794822e3 dd2d 4ff9 8754 87e0adf03313 e9141f2b 632a 4be2 b3bf 0e61efb561df ef98c6ad 1dd0 494c 8f1a de14347af7d4 8b33375f e095 447c b653 7af2df7c174b 69ffc8a0 e8d3 4001 9829 8826fb66b0e7 04a439c4 172e 4c38 8096 328a01d08958 97ccece0 730f 45ca a149 a5cdaf88374c 7d131f2b 8ae3 4c23 8d5f 2a5beca69f59 922491db dbf6 48ba 8ef4 541a5b5391e2 bdb04155 3ddb 491a 8daf 2630d4770521 4f558d5c 6303 40b0 ab17 31d9d435661c 02e268f4 4f83 466d a736 fcf3536e509a 68ab8f04 75d8 4ab1 9b99 5fad80fc96ad