Homeowners got better at predicting their home values for the first time in months, according to the National Home Price Perception Index from Quicken Loans.
Homeowner’s estimated their homes are worth 1.7% more than the appraisal estimate, the HPPI showed. This marks the first time in seven months that the gap between the two opinions narrowed.
As homeowners grow closer to appraisal values, Quicken Loan’s National Home Value Index showed appraisals increased an average of 1.25% from May to June and increased 5.35% from last year.
The chart below shows homeowners grew closer to appraised values. A positive value represents appraised values are higher…