Homeowners can protect themselves from information asymmetry in the real estate market by educating themselves about the market trends, understanding the code words used by real estate agents, and seeking professional advice when needed. They can also use online resources to gather information about the property values in their area. It's also beneficial to hire a trusted real estate agent who can guide them through the process.
Author Steven Levitt, working with journalist Stephen Dubner, shows how economic theories can be use...
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