Real estate markets are heavily influenced by one of the most basic economic principles: supply and demand. While this concept is taught in nearly every introductory economics course, it is sometimes overlooked when homeowners decide when and how to sell their property. Understanding how supply and

One of the most expensive mistakes homeowners make when selling a property is getting the price wrong when the home first hits the market. Many sellers rely on automated pricing tools, online estimates, or the highest listing prices they see in their neighborhood. While those references may provide

Many homeowners begin researching their home’s value using online home value estimates. These tools are convenient and can provide a general starting point, but relying too heavily on automated pricing tools when deciding how to price a home can create serious problems when it comes time to sell. Un