The shortage of good homes is the current problem of the slowly bouncing back housing market and not the shortage of home buyers. The inventory of active properties for sale in the market dropped to its lowest level since the bubble years. In April, there were a total of 2.5 million homes for sale listed by the National Association of Realtors, the lowest since April 2006.

Bidding wars start erupting and in some markets home and buyers are trying to bid on homes before they are officially list...
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