Real estate bidding wars aren't going away, experts say
Tuesday, March 3, 2015 - 15:00
in Mathematics & Economics
Frenzy, frustration and disappointment are what home buyers have come to dread about real estate bidding wars. They'd better get used to it, suggests a new study. Once a rarity -- representing between 3 and 4 per cent -- homes sold through bidding wars tripled their market share during the real estate boom between 1995 and 2005, says the paper.