Do you know how much your home is worth? If you’re like most homeowners, you can provide a fairly accurate estimate of your home equity. To those who underestimate the value of their homes, discovering the true price is a welcome surprise, but what if you found out your home isn’t worth nearly what you had anticipated?

Quicken Loans recently released its monthly Home Price Perception Index (HPPI) and Home Value Index (HVI) for February revealing that current home appraisals fall significantly short of homeowner estimates. Despite these findings, the mortgage lender’s chief economist Bob Walters assures that the national HPPI resides within normal levels notwithstanding its modest growth.
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