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Housing Prices and Behavioral Psychology | Redding Real Estate

A couple of weeks ago I put in an offer on a three-bedroom, bank-owned home in Pomona, California, which is about a half hour east of Los Angeles. The house was listed at $144500. I offered $145000. My offer was accepted. … The bank that owned the property saw less of a risk of my sale not going through. Was this rationale thinking on the bank’s part? Or are they making pricing mistakes just trying to clear out inventory as quickly as they can? …

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Housing Prices and Behavioral Psychology | Redding Real Estate

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  1. Housing Prices and Behavioral Economics | Redding Real Estate

    A couple of weeks ago I put in an offer on a three-bedroom, bank-owned home in Pomona, California, which is about a half hour east of Los Angeles. The house was listed at $144500. I offered $145000. My offer was accepted this week. … The bank that owned the property saw less of a risk of my sale not going through. Was this rational thinking on the bank’s part? Or are they making pricing mistakes just to clear out inventory as quickly as they can? …

    Read this article:
    Housing Prices and Behavioral Economics | Redding Real Estate

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  2. Housing Prices and Behavioral Psychology | Ohaiyo Business Magazine

    In the real world, human behavior has a huge influence on what things sell for, particularly homes. A couple of weeks ago I put in an offer on a three-bedroom, bank-owned home in Pomona, California, which is about a half hour east of Los Angeles. … The bank that owned the property saw less of a risk of my sale not going through. Was this rational thinking on the bank’s part? Or are they making pricing mistakes just to clear out inventory as quickly as they can? …

    Here is the original post:
    Housing Prices and Behavioral Psychology | Ohaiyo Business Magazine

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  3. Housing Prices and Behavioral Economics | Ohaiyo Business Magazine

    In the real world, human behavior has a huge influence on what things sell for, particularly houses. That’s lead to an area of research called behavioral economics–the study of how people’s emotions impact their financial decisions. A couple of weeks ago I put in an offer on a three-bedroom, bank-owned home in Pomona, California, which is about a half hour east of Los Angeles. The house was listed at $144500. I offered $145000. My offer was accepted this week. …

    Follow this link:
    Housing Prices and Behavioral Economics | Ohaiyo Business Magazine

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