Auction.com in the news

AUCTION.COM IN THE NEWS

Auction.com In the News

How Is the Distressed Market Leading a Rise in Demand in Residential Real Estate?

Three recent stats show that April and May 2020 have been promising months for the distressed housing market.  

“REO auctions sold for an average $83 per square foot in May,” said Daren Blomquist, Auction.com VP of Market Economics. “That’s a new year-to-date high and up 8 percent from a year ago. By comparison, retail home prices appreciated just 2 percent in May 2020 compared to a year ago, according to the National Association of Realtors. 

Watch the latest episode of Disposition Download to learn more about how the distressed market is leading a rise in demand in residential real estate.