Quicken Loans Home Value Index (HVI) shows that appraised values
rebounded from Mays more than 1% decline, as the average home appraised 0.56% higher in June.
Quicken Loans Home Price Perception Index (HPPI) showed appraised values
were and average of 0.28 percent lower than owners expected, at a national level.
These appraised values
of properties are based on many assumptions that have elements of subjectivity and uncertainty, including, among other things, that the company will complete development projects on time; it has obtained or will obtain all approvals required for the development of the projects from regulators, on a timely basis; and it has obtained valid land titles to the development projects.
In July, appraised values
exceeded contract prices by an average of 1.38 percent nationwide.
New York: Appraised values
with reported year-over-year-appraisals fell slightly for specially serviced U.S.
The consulting firm concluded the Commissioner's appraised values
of the land were too low.
Even though officials are limited by law to paying fair market value, Grecco negotiated or approved prices that exceeded appraised values
in 22 deals.
Focus instead on replacement cost or some measure of "value in use," like appraised values
Owner estimates of home values slightly exceeded appraisers opinions in October, although owner expectations moved closer to appraised values
than they were in September.
In April, appraised values
exceeded contract prices by an average of 1.41 percent nationwide.
In addition, Fannie Mae will provide freedom from representations and warranties on appraised values
through Collateral Underwriter and enhanced waivers of property inspection requirements on refinances.
In February, appraised values
exceeded contract prices by an average of 1.7 percent nationwide.