He said, she said

Mood of the Market

Recently, a journalist asked me about what dynamics in an individual buyer’s situation can cause her to make an over-asking offer, even on today’s quote-unquote "buyer’s" market.

One I’ve seen at work time and time again is anecdotal evidence — hearsay — from friends and family reporting back that they are getting outbid on home after home. The only thing with more power to make a bargain-hunting buyer go in above the list price is, well, losing a home themselves!