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Tag: real estate pricing strategy

Bay Area real estate: Home prices rocket to record high | The Mercury News

Bay Area real estate: Home prices rocket to record high | The Mercury News

Bay Area home prices have continued their stratospheric surge, as the low housing supply combined with intense demand last month to further heat up the market. The real estate business usually cools off in the summer, but this market is proving to be a pressure cooker. The median price of a single-family home in the region […]

How predictive analytics is changing the game for real estate agents | RealtyBizNews

How predictive analytics is changing the game for real estate agents | RealtyBizNews

Martin Morzynski, chief marketing officer with HouseCanary, a real estate data analytics firm, told RISMedia that predictive analytics can “help agents get better at their jobs because consumer’s expectations and questions and getting more precise.” “It brings a level of accuracy and granularity into the process that changes the game,” he added. There are other […]

Silicon Valley real estate prices leap: new bidding wars | The Mercury News

Silicon Valley real estate prices leap: new bidding wars | The Mercury News

Six months ago, there was widespread talk about the flattening of the Bay Area housing market — its red-hot temperature had calmed to a simmer. That conversation appears to be ancient history. To wit, this example: Alain Pinel agent Mark Wong sent out an email blast Tuesday revealing that around 60 South Bay homes, mostly in Sunnyvale […]

The Cost of Living in New York City Just Got Even Higher | Newsweek

The Cost of Living in New York City Just Got Even Higher | Newsweek

The price rise has resulted in New York apartments selling at an average of $2.19 million a pop while median prices also hit a new record of $1.19 million. “The expectation for the second quarter had been more modest,” said Jonathan Miller, president of Miller Samuel, told CNBC Thursday. “We did see the market cool […]

How To Properly Price A Luxury Home For Sale | Greater Cincinnati Luxury Real Estate

How To Properly Price A Luxury Home For Sale | Greater Cincinnati Luxury Real Estate

A majority of luxury homes do have common features like bedrooms, bathrooms and kitchens which serves as a good area to start a comparison of luxury home sales in order to determine pricing. It should be noted that there are still variables that can affect how those common features compare as the sizes and quantities […]

Economy Watch: Top Rental Markets Still Seeing Price Increases | Multi-Housing News

Economy Watch: Top Rental Markets Still Seeing Price Increases | Multi-Housing News

Despite talks of a pricing slowdown, the most expensive rental markets in the U.S. saw price increases in April, according to Zumper’s latest report. San Francisco and New York City remain the top two rental markets in the country. Changes in apartment asking rents in the top 100 U.S. rental markets were a mixed bag […]

HouseCanary Offers RE/MAX Agents Pricing Insights | theMReport.com

HouseCanary Offers RE/MAX Agents Pricing Insights | theMReport.com

“Other home valuation methods are based largely on historical comparable sales,” Sicklick said. “HouseCanary measures price movements on every residential block in the country, allowing for precise valuations today and three years into the future. Our algorithms combine 40 years of history, 1 billion residential transactions, and hundreds of proprietary calculations influencing home values, such […]

Housing Still Affordable, Despite Pricing Upticks | DSNews

Housing Still Affordable, Despite Pricing Upticks | DSNews

Though credit availability is no worse than mid-2016, it’s no better either. According to the April 2017 Chartbook released by the Urban Institute’s Housing Finance Policy Center on Monday, the credit availability index remained unchanged between Q3 and Q4 2016. Thankfully, housing is still pretty affordable, at least according to historic standards, the report stated. […]

Under Pricing Your Home As A Marketing Strategy | Active Rain

Under Pricing Your Home As A Marketing Strategy | Active Rain

Under Pricing Homes Is Not A New Strategy Under pricing a home as a marketing strategy to elicit multiple offers has been around for almost two decades, even in a down market. “multiple offers are still here, due in part to a practice that first surfaced in the late 1990s” from the article Sellers underprice, hoping […]

Pricer’s Points: This Map Ranks The Affordability Of Houses In Major U.S. Cities (Relative To Income) | Anastasia Ivanov

Pricer’s Points: This Map Ranks The Affordability Of Houses In Major U.S. Cities (Relative To Income) | Anastasia Ivanov

Using median income data from the U.S. census and median home prices from Zillow, this map shows how many years of median income it costs to purchase a median house in each of these cities. Based on this calculation, Detroit is the most affordable city because the median home price is only 1.5 times the […]