Bidding wars in an environment of weak demand are a sure sign of restricted inventory, a problem intentionally engineered by lenders.
When I wrote Must-sell shadow inventory has morphed into can’t-sell cloud inventory, I outlined how lenders removed inventory from the MLS by denying short sales ...
Bidding wars are caused by underwater homes missing from MLS inventory
Thursday, March 19, 2015
OCHN: Bidding wars are caused by underwater homes missing from MLS inventory
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