Quicken Loans, the second largest mortgage lender in the nation, maintains an exclusive statistic that monitors the gap between homeowner and appraiser perception of value. The Home Price Perception Index (HPPI) gives those in the real estate marketplace a glimpse at how much appraisers think homes are worth compared to subjective homeowner valuations.
Archives for June 2015
The median home value in Charlotte is $157,800, which marks a 5.1% increase from the previous year. Home prices have appreciated by about 28% over the past five years. Median home sales prices, however, are considerably higher. In May the median sales price was $208,000. The market for 2-bedroom and 3-bedroom homes in Charlotte is… [Read More]
Home sales are at their highest level in nine years according to a recent report from the National Association of Realtors. The Pending Home Sales Index, a measure of contract signings between buyer and seller, is a leading indicator of completed sales over the next few months. The index has been rising every month in… [Read More]