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Bidding war hype damages housing market

Posted on 27 June 2012

Recent media reports that real estate bidding wars are back look likely to do damage to the slight uptick we’re seeing in the housing market. They’re frightening off potential homebuyers who feel they’re not going to get the house they want at the price they can afford.
And sellers who read the reports expect a quick victory – an easy sale at a good price – and then end up turning down lucrative offers, thinking there’s a higher one around the corner………………………………………..Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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