Real Estate Investing - Real estate auctions gain traction

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Real estate auctions gain traction

Dorsey

2007-09-27, 5:25 pm

"Buying and selling residential real estate by auction isn't a new
concept, but it has been gaining steam in recent years. Recently, the
process is also losing its stigma of being an option of last resort,
associated only with distressed properties and foreclosures, according
to real-estate professionals.

"According to the National Auctioneers Association, more than $16
billion of residential real estate was sold by auction in 2006, an
increase of 12.5% over the previous year..."

Wall Street Journal article: http://301url.com/cgw

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