Foreclosure Auctions that are a Good Sign for the Market.
Posted on March 19th, 2009 by Al Lorenz
Call me crazy, but the increased attendance and success of foreclosure auctions is a great sign for the real estate market. I posted about Puget Sound real estate auctions that are hitting the mainstream press for the active bidding on my Chelan Real Estate Blog.
If you go back a few months, these auctions had nobody attending. Now, it sounds like foreclosure auctions are hot in the Puget Sound area. The inventory levels in the northwest can actually be worked through pretty quickly when the buyers come out again. It sounds like buyers are coming out! – Chelan Real Estate Blog
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