Han, Lu; Strange, William C. - In: Real Estate Economics 42 (2014) 1, pp. 1-32
type="main" <p>This article analyzes the time series and cross-sectional patterns of bidding wars for houses. Bidding wars were once rare, a fairly constant 3–4% of transactions. This led to treating list price as a ceiling in empirical and theoretical research on housing. The bidding war share...</p>