The Law of Supply and Demand Drives Bay Area Home Prices
real estate market, like all other markets, is heavily influenced by the principles of supply and demand. This economic law dictates the equilibrium price and…
Tag: economics
The Principle of Substitution
Just like every other industry, the real estate industry is driven by a number of economic principles. For instance, the law and supply of demand…
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…
5 Uncontrollable Factors That Impact San Jose Home Prices
In a competitive real estate market like San Jose, it's crucial to understand the factors that influence home prices. While some elements are within our…
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…
Stagflate your way to Greater Home Equity
So here I am, working on some reports about the properties I've got listed, and to cut down the monotony, I browse news web sites…