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’Bidding Wars‘ Not Boosting House Prices, Latest HousingPulse Results Show
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2012 May 30, 12:04pm 2,560 views 2 comments
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’Bidding Wars‘ Not Boosting House Prices
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.
1sfrenter
2012 May 30, 2:42pm
There is no doubt BW are not real.
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.
http://campbellsurveys.com/housingreport/press_052112.htm
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