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 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal.
If 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 worth, and an appraiser's evaluation of that same home.
Bill Banfield, Executive VP of Capital Markets at Quicken Loans urges anyone looking to buy or sell in today's market to remember the impact of this challenge:
"Based on the HPPI, it appears homeowners in...

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You may be at a good place in your life where your future plans include enjoying your last home, and "aging in place."
The new term, Aging-in-Place. refers to making plans for your future comfort and safety. Whether you plan to stay in your current home, looking to downsize, or move into a different community, below are a few essential universal elements to consider in your home to have it accessible, safe and stylish for your life ahead.
Central Virginia is a special area especially in the Fall. Lush with presidential history, vineyards & breweries along with gorgeous scenery, the area outside of Charlottesville and Albemarle County, Virginia is loaded with exciting adventures that pair with being in the center of Virginia's wine industry!
Designated as Virginia Wine Month, October is the oldest wine month in the country. It began in 1988 as a way to support the state's young wine business – with just 40 wineries at the time – and promote travel to Virginia wine country. Today, Virginia ranks 5th in the number of wineries in the nation with more than 280 wineries and over 400 vineyards.
"Virginia's 420 vineyards growing 3,800 acres of wine grapes are dotted across the commonwealth and are becoming an increasingly important part of Virginia's diverse agricultural economy,"