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Texas sees housing boom; shortage sparks bidding war

Caught off guard, builders are exhausting construction-ready lots

[BOSTON] After losing his third bidding war for a Dallas-area home, Johnny Tseng offered the winner US$10,000 to walk away. The buyer declined.

"I thought I made an attractive offer," said Mr Tseng, a 31- year-old financial analyst for a Dallas-based commercial bank. "But if I were under...

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