The Endowment Effect in Real Estate
The endowment effect is a human tendency to value something more when we own it. Last year, economist Richard Thaler even won the Nobel Prize…
Category: Fundamentals
The Anchoring Effect and Asking Price in Real Estate
There are a number of theories and philosophies when it comes to pricing real estate for sale. Most real estate agents will tell you that…
The 7-10 Year Real Estate Cycle
This morning I watched a new YouTube video by an agent in Utah that had recently been posted which touched on the 7-10 Year Real…