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An RIT professor has compiled research on what happens when buying a house requires large overbids. He refers to the "winner's curse" and finds that overbidding tends to lead to bad future outcomes. The Greater Rochester market has seen an explosion of overbids in the past several years. We discuss what the data says — and what realtors are seeing on the market today. Our guests: •Soon Hyeok (Steve) Choi, Ph.D., assistant professor of real estate finance in the Saunders College of Business at RIT •Tysharda Johnson-Thomas, real estate broker, author, and motivational speaker •Don Simonetti Jr., branch manager for the Howard Hanna Victor office __________________________ For more shows and information head to https://www.wxxinews.org/show/connect.... Be part of the program with questions or comments by phone at 844-295-TALK (8255), emailing [email protected] or using the chat on the live stream. Do you have a story that needs to be shared? https://www.wxxinews.org/pitch-your-s... __________________________ Become a member of WXXI: https://www.wxxi.org/donate Never miss a headline with our daily newsletter: https://www.wxxinews.org/newsletter.