Consumers and specially people that are trying to sell, buy, rent, or refinance their homes; save their homes from foreclosure; or sell their properties might hear some different stories and feel differently about the news and how they might be affected by it. Here is an interesting report worth a few minutes of your time:
Orange County Register
Bidding wars could signal home sale recovery
Foreclosure rates are falling, and inventory – the number of homes for sale – has dwindled to pre-recession levels, propelling hordes of smart buyers back into the market and creating bidding wars for the most desirable and aggressively priced homes...