{"id":7166,"date":"2017-11-20T00:00:00","date_gmt":"2017-11-20T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/homeowners-appraisers-getting-on-same-page\/"},"modified":"2017-11-20T00:00:00","modified_gmt":"2017-11-20T00:00:00","slug":"homeowners-appraisers-getting-on-same-page","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/homeowners-appraisers-getting-on-same-page\/","title":{"rendered":"Homeowners, Appraisers Getting On Same Page"},"content":{"rendered":"

\n<\/p>\n

\n <\/p>\n
<\/p>\n

Homeowners and appraisers are gradually seeing more eye to eye when it comes to home values. The latest Quicken Loans<\/a> Home Price<\/a> Perception Index shows that appraised home values in October were an average of 0.99 percent lower than homeowners\u2019 expectations.<\/p>\n

That\u2019s much better than it has been in the last two years, as rapid run-ups in home prices across the country have caused homeowner and appraiser perceptions to become misaligned. Over the last five months, the gap between those perceptions has been narrowing, and Quicken Loans\u2019 latest HPPI is the closest to equilibrium since April 2015.<\/p>\n

However, in some cities, homeowners and appraisers still have widely differing views on home values. Appraisals tended to surpass homeowner estimates in Western cities; they were 3.13 percent higher than homeowners expected in Dallas, for example. On the flip side, homeowners in the East and Midwest were most likely to see appraisals below their expectations.<\/p>\n

\u201cBased on the HPPI, it appears homeowners in the markets where prices are rising faster than the national average\u2014such as Denver, Seattle, and San Francisco\u2014are continuing to underestimate just how quickly home values are rising, so the average appraisal is higher than homeowner estimates,\u201d says Bill Banfield, executive vice president of capital markets at Quicken Loans. \u201cOn the inverse of that, homeowners in areas where the values aren\u2019t rising as fast may think they are rising faster than they are, leading to the appraisal lagging the estimate.\u201d<\/p>\n

\"\"<\/p>\n

Source: Quicken Loans<\/em><\/p>\n<\/div>\n<\/div>\n

Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Homeowners and appraisers are gradually seeing more eye to eye when it comes to home values. … Homeowners, Appraisers Getting On Same Page<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7167,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[12908,543,3051,627,1329,1007,41,818,479,15282,15309],"class_list":["post-7166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-home","tag-home-buying-guide","tag-homeowner","tag-homeowners","tag-loan","tag-owners","tag-property","tag-real","tag-realtor","tag-ross","tag-ups"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/QuickenLoans_chart1120.png?fit=942%2C966&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":6580,"url":"https:\/\/amazingproperty.com.ng\/blog\/owners-appraisers-more-eye-to-eye-on-prices\/","url_meta":{"origin":7166,"position":0},"title":"Owners, Appraisers More Eye-to-Eye on Prices","author":"Amazing Property","date":"October 11, 2017","format":false,"excerpt":"For the fourth consecutive month, the gap between homeowner and appraiser opinions on property values narrowed. Still, homeowners tend to believe their homes are worth more than appraisers do. In September, homeowners\u2019 opinions on home prices tended to be 1.14 percent higher than appraisers, according to the latest National Quicken\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Dn 171011 Quicken Chart.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/DN_171011_Quicken_chart.png?fit=640%2C672&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/DN_171011_Quicken_chart.png?fit=640%2C672&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/DN_171011_Quicken_chart.png?fit=640%2C672&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":4967,"url":"https:\/\/amazingproperty.com.ng\/blog\/owners-appraisers-disagree-on-home-values\/","url_meta":{"origin":7166,"position":1},"title":"Owners, Appraisers Disagree on Home Values","author":"Amazing Property","date":"June 15, 2017","format":false,"excerpt":"[ad_1] Homeowners feel like their homes are worth more than what appraisers say they are, and the gap between the two\u00a0estimated values has grown\u00a0for the sixth consecutive month, according to Quicken Loans\u2019 National Home Price Perception Index. Read more: Owners, Appraisers Aren't Seeing Eye-to-Eye Appraised values were, on average, 1.93\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/6_15_quicken.png?fit=704%2C731&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/6_15_quicken.png?fit=704%2C731&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/6_15_quicken.png?fit=704%2C731&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/6_15_quicken.png?fit=704%2C731&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":8758,"url":"https:\/\/amazingproperty.com.ng\/blog\/appraisers-homeowners-agree-more-than-ever-on-values\/","url_meta":{"origin":7166,"position":2},"title":"Appraisers, Homeowners Agree More Than Ever on Values","author":"Amazing Property","date":"June 21, 2018","format":false,"excerpt":"Appraisers, Homeowners Agree More Than Ever on Values | Realtor Magazine Internet Explorer does not currently support REALTOR\u00ae Magazine search. IE users, please download Firefox, Chrome, or Edge. Homeowners and appraisers continue to close the gap between perceptions over home values in their area. Quicken Loans\u2019 National Home Price Perception\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1806 Quicken Appraisal Chart.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/06\/1806_Quicken_appraisal_chart.png?fit=702%2C736&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/06\/1806_Quicken_appraisal_chart.png?fit=702%2C736&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/06\/1806_Quicken_appraisal_chart.png?fit=702%2C736&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/06\/1806_Quicken_appraisal_chart.png?fit=702%2C736&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":786,"url":"https:\/\/amazingproperty.com.ng\/blog\/gap-grows-between-owners-and-appraisers\/","url_meta":{"origin":7166,"position":3},"title":"Gap Grows Between Owners and Appraisers","author":"Amazing Property","date":"February 15, 2017","format":false,"excerpt":"[ad_1] The disconnect\u00a0between homeowner estimates and appraiser opinions when it comes to home values grew for the second consecutive month, according to Quicken Loans\u2019 National Home Price Perception Index. The average appraisal value was 1.47 percent below what owners expected in January. The shift comes after a six-month stretch where\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/DN_QuickenLoanstable_February.png?fit=640%2C718&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/DN_QuickenLoanstable_February.png?fit=640%2C718&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/DN_QuickenLoanstable_February.png?fit=640%2C718&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7821,"url":"https:\/\/amazingproperty.com.ng\/blog\/owners-get-real-about-home-values\/","url_meta":{"origin":7166,"position":4},"title":"Owners Get Real About Home Values","author":"Amazing Property","date":"January 16, 2018","format":false,"excerpt":"The gap between homeowners\u2019 and appraisers\u2019 perceptions on the value of properties is continuing to close. Homeowners, in general, still tend to slightly overestimate the price of their home, but not by nearly as much as they did a year ago. Home appraisals were, on average, 0.5 percent lower than\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Quickenloans 1.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/QuickenLoans_1.png?fit=835%2C537&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/QuickenLoans_1.png?fit=835%2C537&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/QuickenLoans_1.png?fit=835%2C537&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/QuickenLoans_1.png?fit=835%2C537&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":5288,"url":"https:\/\/amazingproperty.com.ng\/blog\/owners-overestimate-value-by-lower-margins\/","url_meta":{"origin":7166,"position":5},"title":"Owners Overestimate Value By Lower Margins","author":"Amazing Property","date":"July 12, 2017","format":false,"excerpt":"Owners believe their homes are worth an average of 1.7\u00a0percent more than what appraisers say, according to the latest Quicken Loans\u00a0National Home Price Perception Index. Appraiser and homeowner value opinions did narrow slightly in July for the first time in seven months. In June, consumers estimated their homes to be\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/DN_quickenLoans_July2017.png?fit=640%2C672&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/DN_quickenLoans_July2017.png?fit=640%2C672&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/DN_quickenLoans_July2017.png?fit=640%2C672&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=7166"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/7167"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=7166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=7166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=7166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}