’Bidding Wars‘ Not Boosting House Prices, Latest HousingPulse Results Show
By Poop Deck Follow Wed, 30 May 2012, 7:04pm 505 views 2 comments
In Washington DC 20010
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JonnyDanger says
Statements from REA of Bidding Wars ever since the peak hasnt stopped, and yes prices still kept falling. There is no doubt BW are not real.
No one seems to be interested in any regulations/protocol on changing the current method for buyers.. so the scam keeps moving on.
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San Francisco, CA
thomas.wong1986 says
Depends on where you are. This spring it's been happening in San Francisco. There is very little for sale and many places are listed low to purposely incite a bidding war.
Don't believe me? Here's one (in a slightly marginal neighborhood): http://www.trulia.com/property/3085324582-815-Excelsior-Ave-San-Francisco-CA-94112
Watch and see. It'll go for $530K or more.