According to Quicken Loans’ Home Price Perception Index (HPPI), national home appraisals are 2 percent lower than homeowners’ expected value. This unprecedented report shows how homeowners are viewing the housing market verses the reality of the housing market.
- Nationally, home values are 1.95 percent less than what homeowners think they are.
- Denver, Colorado has the highest Home Price Perception Index, with reaching over 3 percent higher than homeowners' expected value.
- Detroit has the lowest HPPI on the graph, dropping below 3 percent. Philadelphia has lowest HPPI of all the cities examined.