Homebuyers Face Bidding Wars on Scarcer-Than-Ever U.S. Listings

Bloomberg, Mar. 17, 2017–Prashant Gopal
It’s the 2017 U.S. spring home-selling season, and listings are scarcer than they’ve ever been. Bidding wars common in perennially hot markets like the San Francisco Bay area, Denver and Boston are now also prevalent in the once slow-and-steady heartland, sending prices higher and sparking desperation among buyers across the country.