Pricing

In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price

For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the …

In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price Read More »

This Isn’t a Bubble. It’s Simply Lack of Supply.

Some highlights: In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market. When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack …

This Isn’t a Bubble. It’s Simply Lack of Supply. Read More »