Seller's Paradise: When Your Area Has Few Homes For Sale

: "The other day, David Lereah was surprised by a letter he received from someone eagerly seeking to buy a home in his neighborhood. 'I've been looking for nine months, but homes are in very short supply. Please call if you plan to sell,' read the letter to Lereah, chief economist for the Mortgage Bankers Association of America.
It's rare for a prospective buyer to write letters in search of a seller. Thus Lereah found the correspondence an intriguing indication of what statistics are already telling him: In many communities buyers now far outnumber sellers"
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