Winning a bidding war isn’t always a win, research on 14 million home sales shows

By Soon Hyeok Choi, Assistant Professor of Real Estate Finance, Rochester Institute of Technology

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…

Read complete article

~	UN Special Rapporteur on Russia Extended for Another Year

~	Seasonal allergies may increase suicide risk – new research

~	Geothermal energy has huge potential to generate clean power – including from used oil and gas wells

~	Jane Fonda, other stars, revive the Committee for the First Amendment – a group that emerged when the anti-communist panic came for Hollywood

~	Why higher ed’s AI rush could put corporate interests over public service and independence

~	First evidence in the UK of breeding aegypti mosquito – the main spreader of dengue, chikungunya and Zika

~	Toronto Blue Jays: Amid Canada-U.S. tensions, ‘Canada’s team’ takes a run at America’s pastime

~	Child malnutrition in Kenya: AI model can forecast rates six months before they become critical

~	We tested if a specialised magnetic powder could remove microplastics from drinking water: the answer is yes

~	Ethiopia has struggled to build national unity: can its big new dam deliver it?