The Kool-Aid is still free flowing

Redfin is not up to date on this house, but the price changes are as follows:





<strong>List Date: </strong><strong>06/17/2007</strong>


<strong>Price Increased: 09/08/07 -- $1,289,000 to $1,469,000</strong>


<strong>Price Increased: 09/14/07 -- $1,469,000 to $1,590,000</strong>





<a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=866547">www.redfin.com/stingray/do/printable-listing</a>





It has been for sale for 89 days, can anyone explain to me the psychology behind raising the price?
 
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