What caused home prices to increase rapidly in the years leading up to the Great Recession vs. today? I discuss the differences in this article.
Category: Market Activity
Are Home Buyers Regretting Their Purchase?
What are some potential reasons why a home buyer may later regret their purchase? In this article I discuss some things to think about that may help avoid home buyer remorse.
How Depreciation Works
What is the primary reason a newly built home has a higher market value than the same home that is older? In a word, depreciation. What is depreciation? Simply stated, it is loss in value. There are three basic causes of depreciation for homes. Physical, functional, and external obsolescence. What do they indicate and how… Continue reading How Depreciation Works