Ronna Streiff
Jameson Sotheby's International Realty

Communities Served

Gap BetweenHomeowners/Appraisers Lowest in 2 years

In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 4% or more over the next twelve months. One major challenge in such a market is the bank appraisal. When prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that recently closed) to defend the selling price when performing the appraisal for the bank. Every month in their Home Price Perception Index (HPPI), Quicken Loans measures the disparity between what a homeowner who is seeking to refinance their home believes their house is wort.....
Ronna Streiff

Ronna Streiff

Jameson Sotheby's International Realty
M:
847.337.6809
O:
847-337-6809
Based on information submitted to the MRED as of Feb 29, 2020 6:31:am. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
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