Thursday, March 28, 2024 | The Latest Buzz for the Appraisal Industry

Research Says Bidding Wars Are Here to Stay

By Samantha Guzman

In the 1980s, only 3 to 4 percent of homes were sold in bidding wars. From 1995 to 2005 that number skyrocketed, with Washington D.C., having on the highest rates at nearly 30 percent of homes sold involved in bidding wars. However, according to the study although an increase in bidding wars was correlated with economic and housing booms, that rise was not consistent from one jurisdiction to another. In the Houston, the rate was only 11 percent, even though the city benefited from the housing boom.

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Brent Bowen

Loosening The Knot

Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can

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