[Indrid Cold]

In the suburbs of Minneapolis/St. Paul, people apparently have make a bid of how much over asking price they're willing to pay. The homeowner takes bids for a couple of days, then sells to the highest. Madness.

[Joe Hadenuf]

The homeowner takes bids for a couple of days, then sells to the highest. Madness.

Much of this real-estate trend is due in fact that a lot of folks have just bailed out of the stock market as we did. Better to go to Vegas if you want to gamble.

Here in So. Cal it is a varity of factors that's driving prices up. One is lack of available land, and very few are selling. Supply and demand!