Wednesday, July 16, 2008

Home auctions surge nearly 47 percent since 2003

Auctions are no longer just for banks seeking to unload a foreclosure. In a sign of just how broad the real estate downturn has become, auctioneers say much of their current business is being driven by home builders reducing inventory, and individuals who can’t afford to wait out the real estate doldrums.

read more | digg story


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