I am starting serious shopping for a house and am finding a surprising problem. The inventory of homes in my area is so low that it almost looks like a seller's market. Prices are still low, but good houses are going within days, and a house I was interested in had a small bidding war.
I have plenty of time and I'm looking at short sales now. My Realtor has not sent me any listings for about two weeks because there is nothing out there that fits my requirements. Is this happening in other parts of the country? Is this what the market bottom looks like?