Pricing | David M. Floyd

Owning a Home Has Distinct Financial Benefits Over Renting [INFOGRAPHIC]

by David Floyd | Jun 19, 2021 | First Time Home Buyers, For Buyers, Infographics, Pricing, Rent vs. Buy

Some Highlights When you rent, you build your landlord’s wealth, your monthly payment depends on ever-rising rents, and you don’t benefit from home price appreciation. On the other hand, when you own your home, you build your own wealth, your monthly payment is locked...

Housing Wealth: The Missing Piece of the Affordability Equation

by David Floyd | Jun 19, 2021 | First Time Home Buyers, For Buyers, Pricing, Rent vs. Buy

The real estate market is soaring today. Residential home values are rising, and that’s a big win for homeowners. In 2020, there was a double-digit increase in home values – a trend that’s expected to head toward similar levels this year. However, skyrocketing prices...

Have Your Day in the Sun by Moving Up This Summer [INFOGRAPHIC]

by David Floyd | Jun 12, 2021 | For Buyers, For Sellers, Infographics, Interest Rates, Move-Up Buyers, Pricing

Some Highlights Longer days and sunny weather mean summer is upon us, and what better conditions than right now to upgrade to the home of your dreams? If your needs have changed, it’s a great time to upgrade – there’s likely high demand for your current house, and...

Home Price Appreciation Is as Simple as Supply and Demand

by David Floyd | Jun 12, 2021 | For Buyers, For Sellers, Housing Market Updates, Pricing

Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong...

In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price

by David Floyd | Jun 8, 2021 | Buying Myths, For Buyers, Pricing

For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing...

Why You May Want To Cash in on Your Second Home

by David Floyd | Jun 8, 2021 | For Sellers, Luxury Market, Pricing, Selling Myths

When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities...