Economists at the Rochester Institute of Technology looked at a dataset covering 30 U.S. states, looking for patterns in resales and mortgage defaults.
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 — were … [3189 chars]
Source: Fortune | Published: 2025-10-08T15:08:31Z
Credit: Fortune
