在竞价战争中,买主平均多付8.2%,面临更高的违约风险,回报更差,特别是低收入、黑人和西班牙裔家庭。 Buyers in bidding wars overpay 8.2% on average, face higher default risks, and get worse returns, especially lower-income, Black, and Hispanic households.

一项对近1,400万美国家庭销售情况的新研究发现,赢得投标战争的买主平均超额支付8.2%,并面临更高的抵押贷款违约率,特别是在低收入、黑人和西班牙裔家庭中。 A new study of nearly 14 million U.S. home sales finds that buyers who win bidding wars overpay by an average of 8.2% and face higher mortgage default rates, especially among lower-income, Black, and Hispanic households. 尽管销售速度加快,这些买家却看到金融回报疲软,使人们对不平等状况恶化感到关切。 Despite selling faster, these buyers see weaker financial returns, raising concerns about worsening inequality. 这项研究是首次记录住宅房地产“赢家的诅咒”的研究,突显了竞争性市场的风险,要求贷款人和经纪人对买家进行更好的教育,并发出警告。 The research, the first to document the "winner’s curse" in residential real estate, highlights risks in competitive markets and calls for better buyer education and warnings from lenders and brokers.