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. In studio:
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., president of the Greater Rochester Association of Realtors
---Connections is supported by listeners like you. Head to our donation page to become a WXXI member today, support the show, and help us close the gap created by the rescission of federal funding.---Connections airs every weekday from noon-2 p.m. Join the conversation with questions or comments by phone at 1-844-295-TALK (8255) or 585-263-9994, email, Facebook or Twitter. Connections is also livestreamed on the WXXI News YouTube channel each day. You can watch live or access previous episodes here.---Do you have a story that needs to be shared? Pitch your story to Connections.

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