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A recent article in the Wall Street Journal declared that "bidding wars are back!" And speaking from experience, let me be the first to add, they aren't kidding. I have written offers on several properties over the past few weeks and there have been multiple offers on every single one. Great if you're a listing agent, not so much if you're representing buyers! As the article points out, it's not such much a re-inflation of the bubble, or buyers frothing at the mouth to buy, but more a lack of inventory. That too, I can attest to. If I could get
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