Appraiser opinions of home values were below homeowners’ estimates by more than 1% in May. Meanwhile, home values continued to climb.
While the Home Price Perception Index showed an increasing gap between homeowner and appraiser opinions of home value, home prices did see increases in April.
In February, for the first time in 18 months, appraiser opinions of home values fell slightly below homeowner estimates. Meanwhile, home values continued to rise.
Consumer sentiment fell and jobless claims went up. Still, the economic news wasn’t all bad, as the stock market saw some record highs. There will be more headlines, mortgage rates and a glance at the week ahead in this week’s Market Update.
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The most recent monthly data from Quicken Loans shows that the gap between homeowner and appraiser opinions of home value has decreased dramatically. Home values are also rising.
Fixed rates fell and there were some very positive things in this month’s jobs report. There are more headlines and a look at both the stock market and the week ahead in the Market Update.
Initial jobless claims dropped to levels not seen since 2000. Meanwhile, consumer confidence was up 10.3 points. See more headlines, mortgage interest rates, a report on stocks and a glance at the week ahead in the Market Update.
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Two new Quicken Loans reports show home values rising and more agreement between appraisers and homeowners on home values in the market.