Why so many BC resales right now?

In order to morph points, you have to have a contract at the resort you are try to morph points into. Perhaps this is a sign that the restrictions on morphing points are having an effect since morphing points into BCV points seemed particularly popular.

I'm a new DVC member. Can someone provide a little more information about "morphing" points? What does it mean, how does it work?
 

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