Friday, August 14, 2015

Debt Default: Lack of MLS inventory causing bidding wars despite tepid demand

House prices are rising rapidly in Orange County and most of Coastal California. There are anecdotal reports of bidding wars, and many properties are selling for 5% to 10% above recent comparable sales. As I’ve documented, Orange County home resale volume is very weak by historic norms, ...
Lack of MLS inventory causing bidding wars despite tepid demand

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