Mortgage And Real Estate News

Sunday, June 14, 2015

Home Owners, Appraisers Disagree on Prices

The gap between appraiser and home owner perceptions over the value of homes continued to widen for the fourth consecutive month in May, according to Quicken Loans' national Home Price Perception Index. Appraisal opinions of home values were 1.15 percent lower than home owner estimates in May. The latest reading on the index marked the first time in nearly two years where appraisal opinions were lower than home owner estimates by at least 1 percent.

Read more... http://realtormag.realtor.org/daily-news/2015/06/12/home-owners-appraisers-disagree-prices

Reuters: Business News

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