Tuesday, July 26, 2011

Newer Owners Tend to Price Their Homes Higher When Selling

In a study reported by Zillow as relayed by the CRS magazine "Member Connect" a weekly CRS update page,Current home sellers who purchased their homes after the housing boom overprice their homes at a higher rate than those who purchased before or during the boom, according to a recent Zillow survey. Home sellers who purchased their home in 2007 or later overprice their homes by an average of 14.1 percent while those who purchased a home before 2002 price their homes approximately 11.6 percent over market value. Those who bought between 2002 and 2006 price their homes 9.3 percent above market value.

 Here is a link to the rest of the short article.

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