Home Owners, Appraisers Disagree on Prices
Read more: Your Sellers May Need Reality Check on Price
Still, despite the widening perception gap at a national level, appraiser opinions remain higher in the majority of metro areas examined, a report on the index notes.
“The HPPI, more than anything, is a reminder that there is no such thing as a national housing market,” says Quicken Loans Chief Economist Bob Walters. “Every city, and every neighborhood, moves in different directions based on local factors. Consumers need to remember to watch their local area closely to understand the direction their market is heading.”
Source: “Home Owner, Appraiser Home Value Opinion Continues to Widen,” Quicken Loans (June 9, 2015)