This caught us all by surprise.

There is no joy in this.

Buyers started the bidding war.

I've never seen anything like this.

The statistics show that 30 percent of the housing inventory is spoken for, but that's not accurate. There's not that much inventory.

Here we are in some of the best economic times many of us have ever seen and they're deeper in debt than they've ever been. I think they sense they are in real financial trouble and if they don't get out of debt now, they wonder what will happen if the economy does turn down?