This is called the sunk-cost fallacy – an attachment to an item because of what we spent in the past, even if we now hate the ...

According to the Southwest Michigan Association of Realtors, 2023-2024 saw a year-to-date 6% increase in home selling prices from December to December.

A competitive housing market with fewer listings to choose from pushed selling prices higher. However, profit margins declined from near-record highs as home sellers also faced rising property costs.