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Some housing markets across the country have a new problem: too many buyers and too few properties for sale.
Urban areas such as Boston and Seattle have seen an uptick in bidding wars and many properties are under contract within two weeks of listing.
While some experts see that as a good sign for the housing market, it could prolong the recovery as both sellers and buyers sit on the sidelines waiting for the market to turn around.
Here’s a look at 10 cities where inventory is dropping and competition is heating up:
Next: 10. San Francisco