From: Dorsey 
Newsgroups: alt.invest.real-estate misc.invest.real-estate
Subject: Real estate auctions gain traction
Date: Thu, 27 Sep 2007 22:52:46 +0200
Mail-To-News-Contact: abuse@dizum.com
Bytes: 1175

"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