Quicken Loans, the nation's second largest retail mortgage lender, today announced the average appraisal in November was 1.87 percent lower than the value the homeowner expected, according to the company's national Home Price Perception Index (HPPI). The difference between the values was slightly higher in October, making November the third consecutive month the gap between … [Read more...] about Appraised values remain slightly lower than homeowner expectations
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More than half of underwater homeowners are nowhere near re-surfacing
The U.S. negative equity rate is dropping, but more than 4 million U.S. homeowners owed the bank at least 20 percent more than their homes were worth, according to the first quarter Zillow Negative Equity Report. That means those homes would have to appreciate at least 20 percent for their owners to have any chance of breaking even on a sale. Home values are forecast to … [Read more...] about More than half of underwater homeowners are nowhere near re-surfacing