On Chicago's North Side, a lack of homes leads to all-out bidding wars

Michael Mutz has been ready to move out of his parents’ home in Lincoln Park. But after nine months of trying to buy his first home, he's starting to feel worn down. “The experience is not particularly rewarding. I’ve specifically lost on several occasions to all-cash offers — additionally, all-cash offers far over listing prices,” he said. “With the supply being so limited, tons of people [are] trying to find places, and it’s taking forever. I did not at all expect going into this that it…