How Many Make a “Meteor Shower?” What’s a “housing market meteorite?” Like the celestial kind, they burst onto the scene in a brilliant flash of light; descend (in price) through the night sky (housing market) quickly; then just as quickly disappear (they’re sold). They often have these three additional attributes: One. They’re top-to-bottom (bottom-to-top?) rehab’s;...Read More
The Case for Pricing Conservatively Quick: which is more, 80% of “X” or 95% of “Y?” The answer: it depends on what “X” and “Y” are. So, let me fill in some numbers, straight from today’s real estate market: make “X” equal to $325k, and “Y” equal to $289.9k. Now, it’s possible to calculate the...Read More
