Homeowners throughout the nation have unfortunately learned that their homes may not be worth just as much as they thought. According to Quicken Loans, the nation’s second-largest retail mortgage lender, the average home in the U.S. is 1.8 percent less valued than the homeowner’s perception of their home.

Homeowners throughout the nation have unfortunately learned that their homes may not be worth just as much as they thought. According to Quicken Loans, the nation’s second-largest retail mortgage lender, the average home in the U.S. is 1.8 percent less valued than the homeowner’s perception of their home.

Quicken Loans uses its Home Price Perception Index (HPPI) to measure the gap between homeowner perception and a home’s real value. December marked the 11th-straight month of appraisal values reported lower than homeowner perceptions.

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In the Washington, D.C. metro homeowners are actually not giving their homes enough credit. Appraisal values are 0.29 percent higher than the homeowner perception, the HPPI, in December 2015. This is down from the 1.72 percent higher value compared with perceptions.

In nearby Baltimore, the HPPI is 3.04 percent lower in December 2015, compared with the positive 0.49 percent the year prior.

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