Most sellers don’t have a clue about what’s going on. Lot of fishers out there who quickly get discouraged when no offers come in. Lost equity hangover won’t shake off until investment portfolios improve. Lenders are squeezing supply whether unwittingly in some cases, or opportunistically in others. Nobody really knows what the hell is going on, but as a buyer you have a strong hand to play. Don’t buy! Only a fool enters the bidding foray due to a shortage of homes for sale. Be smarter than dumb ass sellers.
