I just closed a transaction for a buyer.  While we were under contract, the seller received two other offers, both for full price while my buyer was under contract for a good amount less.  Their fingers were crossed that my buyer's loan would fall through...but it didn't.

Last week, in my office sales meeting, we were discussing our businesses and three agents said that they were involved in multiple offer situations in the past week or two, either on the seller or the buyer's side.  That's good news for the Tennessee market and it also means that other areas are experiencing this upswing.  Hopefully it means that the rest of the country will follow suit.