According to the
National Auctioneers Association,
auctions have increased by about a year since the early 2000s, with homes worth nearly billion sold this way in 2007*.
Furthermore, one of the fastest growing auction areas in 2008 was the residential real estate sector, while land and agricultural real estate auctions
have remained with steady growth, meaning that business is increasing for real estate auctioneers, even in this poorly performing economy. According
to the National Auctioneers Association*, auction sales spiked in the first three months of 2010.
*CNNMoney.com, Booming Real Estate Auctions, May 25, 2010