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The real-estate 'winner's curse': Study of nearly 14 million home sales over 20 years shows you don't want to win that bidding war | Fortune
Economists at the Rochester Institute of Technology looked at a dataset covering 30 U.S. states, looking for patterns in resales and mortgage defaults.
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fortune.com
The real-estate 'winner's curse': Study of nearly 14 million home sales over 20 years shows you don't want to win that bidding war | Fortune
Economists at the Rochester Institute of Technology looked at a dataset covering 30 U.S. states, looking for patterns in resales and mortgage defaults.
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upi.com
Winning a bidding war on a home isn't always a win, research shows - UPI.com
Homebuyers who win bidding wars tend to experience a "winner's curse," systematically overpaying for their new homes, research by a real estate professor shows.