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Rising prices narrow home value perception gap in September

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According to a Quicken Loans study published Tuesday, the gap between opinions of values from appraisers and homeowners continue to narrow. The study states that according to the Quicken Loans.

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And because value isn’t solely based on unit economics, you’ll want to experiment with value based pricing.According to BusinessDictionary.com, perceived value pricing is: "The valuation of good or service according to how much consumers are willing to pay for it, rather than upon its production and delivery costs.

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There remains a gap in home values if you were to ask homeowners and appraisers. This is according to Quicken Loans’ National Home Price Perception Index (HPPI) whose results for May 2017 showed this appraised value vs. estimated value gap widening for the past six months. On a national level, appraised home values were 1.93% lower than homeowners’ estimated values.

In July, the average spread between an owner’s estimate and the appraised value was 1.55% according to Quicken Loans’ National Home price perception index (hppi).

The difference between owners’ estimates of home values and appraisal values increased slightly in November across the U.S. Appraised values were an average of 0.36 percent lower than what homeowners expected, according to Quicken Loans’ National Home Price Perception Index.

– Home values rose 1.95% nationally in April, and posted a 5.43% year-over-year increase, according to the Quicken loans hvi detroit, May 14, 2019 /PRNewswire/ — The difference between homeowners.

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Although homeowners and appraisers don’t see exactly eye to eye on home values, the gap is narrowing, according to the latest National Quicken Loans Home Price Perception Index (HPPI).. According to the September update, appraisers’ valuations were 1.14 percent lower in September than what owners expected.

New-home sales declined in April as demand fell in West New-home sales in the US fell by much more than expected in April. Sales slumped by 11.4% at a seasonally adjusted annual rate of 569,000, the Census Bureau said in its monthly report.

Homeowner Value Estimates Continue to Outpace Appraisals by a. – Homeowner Value Estimates Continue to Outpace Appraisals by a Widening Spread – Quicken Loans’ National HPPI shows appraised values were 1.77% lower than homeowners estimated in March