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Home » Short Takes: Home Appraisals More Realistic, Mortgage Applications are Up, Housing Production to Grow
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Short Takes: Home Appraisals More Realistic, Mortgage Applications are Up, Housing Production to Grow

January 10, 2018
Thomas Ressler
tressler@imfpubs.com Homeowners and appraisers are closer to seeing eye-to-eye on home valuations than at any time in the last two years, according to new data from Quicken Loans. “Home appraisals were an average of 0.5 percent lower than what owners expected in December,” the lender said, “These two data points have moved closer together since November, when appraised values were 0.67 percent lower than homeowners’ estimates, and far improved from one year ago when there was…
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