Author: Soon Hyeok Choi, Assistant Professor of Real Estate Finance, Rochester Institute of Technology

In today’s hot housing market, winning a bidding war can feel like a triumph. But my research shows it often comes with a catch: Homebuyers who win bidding wars tend to experience a “winner’s curse,” systematically overpaying for their new homes. I’m a real estate economist, and my colleagues and I analyzed nearly 14 million […]

People often say that a single spark can light a fire. In careers, that spark is often a person. It might be someone early in life who cracks open a door, offers encouragement, or quietly shows what success can look like. What’s less obvious is how profoundly that very first connection can shape everything that […]