The Kool-Aid is still free flowing

NEW -> Contingent Buyer Assistance Program
Redfin is not up to date on this house, but the price changes are as follows:

List Date: 06/17/2007

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

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

www.redfin.com/stingray/do/printable-listing

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