With tighter inventories of homes for sale, buyers are finding increased competition through bidding wars.
But the bidding may not be between only one or two other buyers -- more bidding wars are popping up where dozens or even hundreds of other buyers are all competing for the same property.
'The only question is not whether a new listing will get multiple bids but how many it will get,
Meanwhile, inventories of for-sale homes continues to be low. The National Association of REALTORS® reported a 19.2 percent drop in inventories year-over-year in February. See more ...
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