The beginning of 2012 has showed the Real Estate Market that there is more competition out there. The National Association of Realtors is in the article Bidding Wars Catch Buyers Off-Guard reporting that bidding wars has increased in many markets around the country. Many thought that the bidding wars were over with but they seem to be increasing as many homes receive several offers. One reason for the increasing bidding war activity could be the low inventory we are experiencing all over the U.S.
The Real Estate Market has Become Very Competitive