The Chicago Tribune published an article about the housing shortage in California. They are seeing housing inventory shrink faster than the decline in the market back in 2007.
But frankly the property shortage and multiple offer situation is heating up in Chicago as well. In recent month’s many buyers and investors have been stunned to find their dream home or investment opportunity is also three other prospects as well.
READ FULL STORY via 2012 CHICAGO HOUSING SHORTAGE LEAVE BUYERS & INVESTORS HOMELESS.