Tag Archives: Are Underpriced Homes Fueling Bidding Wars?

The number of homes for sale is at the lowest point in more than 10 years, but with buyer demand still high, many markets are seeing bidding wars. A TIME magazine article recently asked: “Are buyers being manipulated into overbidding for the relatively few attractive homes on the market?” Some real estate professionals say that homes are being underpriced in order to ignite a bidding war. “Most people are not pricing at market value,” a real estate professional told the San Francisco Chronicle. “Even in this market, you don’t want […]