How sellers can leverage *The Endowment Effect* In a Competitive Market In psychology & behavioral economics, the Endowment Effect describes how people tend to value items that they own more highly than they would if they did not belong to them. This explains why some listings are overpriced or why a seller thinks the hard… Continue reading How sellers can leverage *The Endowment Effect* In a Competitive Market
Tag: New Realtor
Greater Louisville Area Market Report – February 21st – February 27th
Hey y'all! Happy Tuesday! I'm running a little behind this week but here's your Greater Louisville Area Market Update for February 21st through February 27th! Last week our greater Louisville Area saw 224 new listings and we had 168 homes sold. Currently, there are 1,008 total current listings and 2,253 total current pending and active… Continue reading Greater Louisville Area Market Report – February 21st – February 27th
Happy Monday and Happy 2022!
Hey, y’all! Happy Monday and Happy 2022! I’m here to give you your market update for December 27th through January 2nd. I hope everyone had a safe and happy New Year and I hope everyone is staying healthy from the Rona! Last week we saw an uptick in listings which is good news for those… Continue reading Happy Monday and Happy 2022!