Minimal Distance Between Homeowner and Appraiser Perceptions on Valuation

Jan 08, 2019

Although refinancing activity has soared by 94 percent since hitting an 18-year low in the fourth quarter of 2018, refinance retention rates fell by three percentage points to 26 percent in the third quarter of this year

Less than half a percent separated owner and appraiser perceptions of home values last month, according to new data from Quicken Loans.

Appraisal values were an average of 0.45 percent lower than homeowners expected in December, according to the National Quicken Loans Home Price Perception Index, compared to a 0.36 difference in November. The National Quicken Loans Home Value Index (HVI) reported a 0.79 percent monthly increase in the average appraisal value during December, while the index the average appraisal jumped 5.15 percent year-over-year.

“Any consumer who has read recent news about the housing market and has the impression that it is slowing to a halt should see that the HVI proves that this could not be farther from the truth,” said Bill Banfield, Quicken Loans Executive Vice President of Capital Markets. Banfield. “Home value growth is now at a more normal, sustainable clip— keeping pace with inflation and wage growth more than we have seen in the past few years.”

About the author

Phil Hall

Link copied

Published

Jan 08, 2019

Industry News

Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Commercial and multifamily mortgage debt outstanding surpassed $5 trillion for the first time during the first quarter of 2026, according to new data from the Mortgage Bankers Association (MBA).MBA's latest Commercial/Multifamily Mortgage Debt Outstanding report found total ...

Tech

Blue Sage Expands SageVision, UW Studio, Voice AI Capabilities

Latest updates bring embedded AI automation to lending and servicing workflows

Blue Sage Solutions has expanded its artificial intelligence platform with new automation capabilities for document analysis, underwriting workflows, and mortgage servicing operations.The mortgage technology provider announced enhancements across three core components of its...

Sep

San Francisco, CA

More from

Industry News

Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Industry News

Jun 18, 2026

Fed Holds Rates Steady, But Outlook Dims For Mortgage Rate Relief

The Federal Reserve left rates unchanged but updated projections show more policymakers expecting additional hikes

Industry News

Jun 18, 2026

Congress Nears Final Vote On 21st Century ROAD to Housing Act

Senate voted 87-8 to advance House-amended package, with final votes expected in coming days

Industry News

Jun 17, 2026

Florida Pending Sales Signal Strong Summer Housing Market

Closed sales rise for a ninth straight month as inventory gives buyers more negotiating power