{"id":7821,"date":"2018-01-16T00:00:00","date_gmt":"2018-01-16T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/owners-get-real-about-home-values\/"},"modified":"2018-01-16T00:00:00","modified_gmt":"2018-01-16T00:00:00","slug":"owners-get-real-about-home-values","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/owners-get-real-about-home-values\/","title":{"rendered":"Owners Get Real About Home Values"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"45.07354001442\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"35.66258111031\"><!--paging_filter--><\/p>\n<p>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.<\/p>\n<p>Home appraisals were, on average, 0.5 percent lower than what owners expected in December, according to the latest National Quicken <a href=\"https:\/\/amazingproperty.com.ng\/blog\/fast-flexible-real-estate-loans-usa\/\">Loans<\/a> <a href=\"https:\/\/amazingproperty.com.ng\/blog\/tips-for-house-price-negotiation\/\">Home Price<\/a> Perception Index. The gap is closing; a year ago, homeowners were overestimating their property values by a full 1 percent more than appraisers.<\/p>\n<p>Home values are increasing, which helps\u00a0value estimates align. Quicken Loans\u2019 index showed the average appraisal value increased 0.65 percent from November to December 2017. This is 6.17 percent higher than a year ago.<\/p>\n<p>\u201cAppraisers and <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">real estate<\/a> professionals evaluate their local <a href=\"https:\/\/amazingproperty.com.ng\/blog\/sell-your-home-online-fast\/\">housing<\/a> markets daily,\u201d says Bill Banfield, Quicken Loans executive vice president of Capital Markets. \u201cHomeowners, on the other hand, may only think about their housing market when they see For Sale signs hit front yards in the spring or when they think about accessing their equity. This is reflected in the [index]. The housing markets that are rising quickly, like those in the West, are having appraisal values increasing above owner estimates because owners don\u2019t realize just how quickly those markets are advancing.\u201d<br \/>\u00a0<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"\" src=\"https:\/\/i0.wp.com\/realtormag.realtor.org\/sites\/realtormag.realtor.org\/files\/rmo_files\/images\/2018_jan\/QuickenLoans_1.png\" style=\"width: 620px; height: 399px;\"\/><\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"\" src=\"https:\/\/i0.wp.com\/realtormag.realtor.org\/sites\/realtormag.realtor.org\/files\/rmo_files\/images\/2018_jan\/QuickenLoans_2.png\" style=\"width: 620px; height: 666px;\"\/><\/p>\n<p>\u00a0<\/p>\n<p><em>Source: Quicken Loans<\/em><\/p>\n<\/div>\n<\/div>\n<p><a hre=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/v8uUXhBXNaI\/owners-get-real-about-home-values\"> Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The gap between homeowners\u2019 and appraisers\u2019 perceptions on the value of properties is continuing to close. &hellip; <a title=\"Owners Get Real About Home Values\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/owners-get-real-about-home-values\/\"><span class=\"screen-reader-text\">Owners Get Real About Home Values<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7822,"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":[12908,7158,543,3051,627,344,3781,1329,1007,41,818,84,479],"class_list":["post-7821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-home","tag-home-appraisal","tag-home-buying-guide","tag-homeowner","tag-homeowners","tag-housing","tag-housing-markets","tag-loan","tag-owners","tag-property","tag-real","tag-real-estate","tag-realtor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/QuickenLoans_1.png?fit=835%2C537&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":8758,"url":"https:\/\/amazingproperty.com.ng\/blog\/appraisers-homeowners-agree-more-than-ever-on-values\/","url_meta":{"origin":7821,"position":0},"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 &quot;Opportunities In New Markets&quot;","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":6580,"url":"https:\/\/amazingproperty.com.ng\/blog\/owners-appraisers-more-eye-to-eye-on-prices\/","url_meta":{"origin":7821,"position":1},"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 &quot;Opportunities In New Markets&quot;","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":786,"url":"https:\/\/amazingproperty.com.ng\/blog\/gap-grows-between-owners-and-appraisers\/","url_meta":{"origin":7821,"position":2},"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 &quot;Opportunities In New Markets&quot;","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":7166,"url":"https:\/\/amazingproperty.com.ng\/blog\/homeowners-appraisers-getting-on-same-page\/","url_meta":{"origin":7821,"position":3},"title":"Homeowners, Appraisers Getting On Same Page","author":"Amazing Property","date":"November 20, 2017","format":false,"excerpt":"Homeowners and appraisers are gradually seeing more eye to eye when it comes to home values. The latest Quicken Loans Home Price Perception Index shows that appraised home values in October were an average of 0.99 percent lower than homeowners\u2019 expectations. That\u2019s much better than it has been in the\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Quickenloans Chart1120.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/QuickenLoans_chart1120.png?fit=942%2C966&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/QuickenLoans_chart1120.png?fit=942%2C966&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/QuickenLoans_chart1120.png?fit=942%2C966&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/QuickenLoans_chart1120.png?fit=942%2C966&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":4507,"url":"https:\/\/amazingproperty.com.ng\/blog\/owners-appraisers-arent-seeing-eye-to-eye\/","url_meta":{"origin":7821,"position":4},"title":"Owners, Appraisers Aren\u2019t Seeing Eye-to-Eye","author":"Amazing Property","date":"May 11, 2017","format":false,"excerpt":"[ad_1] Appraisals in April were, on average, 1.9 percent lower than what homeowners expected. That means on an average home price of $236,400, homeowners misjudged their price by about $4,500. Read more: Will There Be Too Few Appraisers in 10 Years? The gap between appraiser and homeowner views on price\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","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\/05\/Quicken_chartApr2017.png?fit=723%2C748&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/Quicken_chartApr2017.png?fit=723%2C748&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/Quicken_chartApr2017.png?fit=723%2C748&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/Quicken_chartApr2017.png?fit=723%2C748&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":5687,"url":"https:\/\/amazingproperty.com.ng\/blog\/owners-say-their-homes-are-worth-more\/","url_meta":{"origin":7821,"position":5},"title":"Owners Say Their Homes Are Worth More","author":"Amazing Property","date":"August 10, 2017","format":false,"excerpt":"Homeowners continue\u00a0to say that their homes are worth more than appraisers\u2019 opinions, according to the latest reading from Quicken Loans\u2019 National Home Price Perception Index. Consumers believed their properties to be worth 1.55 percent more than what appraisers said they were in July.\u00a0 That said, the gap is\u00a0narrowing between these\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"DN_QuickenLoans_index.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/DN_QuickenLoans_index.png?fit=640%2C663&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/DN_QuickenLoans_index.png?fit=640%2C663&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/DN_QuickenLoans_index.png?fit=640%2C663&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7821","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=7821"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/7822"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=7821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=7821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=7821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}