In my area, I am seeing a sellers having to lower their asking price to get their homes sold, despite a shortage of available properties.  

Is there a shortage of housing in the area?

There are NO shortage of operators out there vying for capital for their "conservatively" underwritten deals.  

There is a shortage of housing and the counties are easier to work with lately.  

There is no shortage of banks willing to accept a 2nd or 3rd behind their position, as long as they have a good 1st lien LTV, and the subject/guarantor financial look reasonable.

As a backup plan the current Section 8 rental rates cover the mortgage and expenses and there is no shortage of need for a 2 bed unit.The maximum cash available for a down payment on this place is 5% (adding more just isn't an option).  

As much as it was my first flip, it didn’t bring with it a shortage of headaches and drama, not to mention valuable lessons learned.

But while there is a shortage of supply and sustained or excess demand, I would expect market conditions to remain in the seller's favour.As for the annual market cycle, yes, you're absolutely correct, while you can see the extra activity of 2016 in the lower chart, the double camel hump is clear for both years.

As everybody knows there is a huge shortage of inventory in many areas of the country. 

Please remit the amount of $17.83 payable to XXXX Title for the shortage and send to XXXX Title to account for the deficiency of prorated property taxes for 2014.