There’s no question that when the real estate bubble burst in 2007 and home prices throughout much of the nation crashed, millions of family homes lost billions of dollars in value. The Great Recession soon followed. Not only have home prices in Bakersfield not fully recovered from the declines suffered during that national crisis, Bakersfield […]
Sellers Faster Sales. There have been several studies that demonstrate sellers who use an agent to sell their home sell it faster, on average, than those who choose to sell by themselves. In many cases, this can be a very valuable benefit (for example, if your job requires you to move). Higher Net Proceeds. A […]
Big data is a shorthand term for the insane amounts of information being generated by human beings in our digital world. From cellphones to credit card transactions to social media, we are all leaving digital contrails of almost all of our activity in the world. Learning how to harvest and analyze these digital traces en […]
What is value range pricing in real estate? It’s when home sellers, rather than listing their home at a certain price, put up a range instead. For instance, rather than listing a home for $500,000, the ad will indicate that the sellers are looking for offers in the vicinity of $475,000 to $525,000. Also known as variable range pricing, or VRP, this type […]
If you’re looking at selling your home, it’s a really good time to do so. We’re on an upward swing in terms of property value. Home value is definitely a key consideration, though. If you price your home too high, buyers who are looking at a lot of homes won’t bite. If you price too […]
The Action: In late June, this three-bedroom house with private parking was strategically priced under $1.4-million to draw attention away from other midtown options and incite a bidding war. “The key to doing that is you have to be very aggressive in the asking price,” says agent Andre Kutyan, who ultimately juggled 11 offers. “[Plus,] […]
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 […]
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 […]
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 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 […]
This Week in Pricing > 9/23/17
This Week in Pricing is a recap of the week’s best pricing focused news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is brought to you by: Professional Pricing Society Currently, PPS produces three major annual pricing conferences in Europe and North America. Each […]
The Psychology Behind the New iPhone’s Four-Digit Price | Harvard Business Review
Apple made headlines by announcing that the price for its new iPhone X (a fancy term for 10) will range from $999 to $1,149. These prices are commanding attention because they are significantly higher than the base prices of the two other iPhone models that were also announced, the 8 ($699) and the 8 Plus ($799). […]
Rising tuition fees could price out college students | tes
The report points out that delivery costs for HE in FE are often less than in university settings. But colleges which took part in the inquiry said they were looking at increasing their tuition fees. Truro and Penwith College told the commission it was “moving to a full fee rate from 2017-18”, while NCG – the […]
Irma price gouging highlights sad truth: Consumer fleecing is the new normal | WTOP
(THE CONVERSATION) Since Hurricane Irma put Florida in its sights, there have been thousands of reports of price gouging on everything from water to gasoline. The most notable complaint was not, however, the one alleging a US$72 charge for a six-pack of water. Rather, it was the $3,200 reportedly asked by Delta for a ticket […]
Texas AG files first 3 price gouging lawsuits | KDFW
According to a release from attorney general’s office, state law prohibits businesses from charging exorbitant amounts during a declared disaster. The Bains Brothers, who own Texaco-branded gas station in Arlington, Carrollton and Richardson, were accused of charging the higher price even while displaying signs with prices in the $3-$4 range. Additional lawsuits were filed against […]
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