In today's hot housing market, winning a bidding war can feel like a triumph. But my research shows it often comes with a catch : Homebuyers who win bidding wars tend to experience a "winner's curse," systematically overpaying for their new homes. I'm a real estate economist , and my colleagues and I analyzed nearly 14 million home sales in 30 U.S. states over roughly two decades. We found that people who paid more than the asking price for their homes -- a reliable sign of a bidding war --

Tag-uri: Real Estate