Home Price Perception Index (HPPI)

The gap between homeowner estimates and appraiser opinions of value widened for the first time in six months. Owners’ estimates of their homes value exceeded appraiser estimates by an average of 1.99 percent in February, according the national HPPI. The areas where appraisers valued homes higher than homeowners estimated were largely found in the West. San Jose leads the group, with appraisals 4.35 percent higher than expected