Why are Chicago homebuyers being forced into extreme bidding wars?

How high would you be willing to go to secure that new condo? On the North Side, some Chicagoans are going hundreds of thousands of dollars above the asking price to beat the competition.In the Loop hears from a buyer and professional realtor who are currently navigating this turbulent housing market, alongside a reporter covering Chicago real estate.GUESTS: Abby Miller, Chicago Sun-Times reporterEllie Howie, Lake View residentGrigory Pekarsky, co-owner of Vesta Preferred Realty