Market Appreciation vs. Home Depreciation In all cases in which work is produced by the agency of heat, a quantity of heat is consumed which is proportional to the work done.” —Rudolf Clausius, first law of thermodynamics. “An overpriced, “For Sale” home depreciates in value faster than an appreciating housing market rises.” —Ross Kaplan, first...Read More
Market Appreciation vs. Home Depreciation “In all cases in which work is produced by the agency of heat, a quantity of heat is consumed which is proportional to the work done.” —Rudolf Clausius, first law of thermodynamics. “An overpriced, “For Sale” home depreciates in value faster than an appreciating housing market rises.” —Ross Kaplan, first...Read More
But, What’s “Too Long?” Test your knowledge of today’s housing market, and respond to the following statement: “A for sale home sitting on the market for 60 days is already shopworn”: A. True. B. False. C. Impossible to tell without more info. Correct answer. “C.” The key “other info”: price and location (of course). “Houston,...Read More
Market Appreciation vs. Home Depreciation “In all cases in which work is produced by the agency of heat, a quantity of heat is consumed which is proportional to the work done.” –Rudolf Clausius, first law of thermodynamics “An overpriced, “For Sale” home depreciates in value faster than an appreciating housing market rises.” –Ross Kaplan, first...Read More
Only 2 Ways to Wipe the Slate Clean on an Old(er) Listing Once upon a time, misbehaving kids in high school were told that, if they didn’t shape up, their misdeeds “would go on their ‘permanent record.'” Adults know that there’s no such thing (unless you count credit scores). But, there’s something very much like a...Read More
Difference Without a Distinction? The most recent MLS tweak is a change to how market time is reported. Previously, the acronym was “CDOM,” for Cumulative Days on Market; it reflected how long a given property was on the market since listing. Shouldn’t That Be “DOMP??” MLS still shows “CDOM,” but now it also displays something...Read More
