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'Craziness': Intense home bidding wars hit the Lehigh Valley

from The Morning Call

There’s a refrain ringing throughout the Lehigh Valley this season: extremely low inventory forcing buyers into intense bidding wars, where the weaponry includes highest offers, deals without terms or contingencies, inspection waivers and — at times — personal letters of appeal. Spiking home prices amid record-low inventory that nationwide beginning last year has now hit the Lehigh Valley. more

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