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WSJ on Housing: "Bidding wars are back"

Earlier today from Nick Timiraos at the WSJ: Stunned Home Buyers Find the Bidding Wars Are BackA new development is catching home buyers off guard as the spring sales season gets under way: Bidding wars are back. ... From California to Florida, many buyers are increasingly competing for the same house. Unlike the bidding wars that typified the go-go years and largely reflected surging sales, today's are a result of supply shortages.
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