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Home Front

A blog about the economy and the Sacramento-area real estate market.

November 19, 2008
Would you buy a house at auction? Have you?
 I am working up a story on home auctions for Saturday's paper. We did a blitz on them when they started here last year, but haven't followed up in awhile.

  There are four auctions in the next three weeks to unload about 1,500 houses in Northern California. I am looking for a couple of voices for the story.
 
  If you have already bought a house at auction and have thoughts one way or another - a good deal or otherwise - please drop me a line at jwasserman@sacbee.com. Are you considering buying one at any of these upcoming events?

FYI: Real Estate Disposition Corp., the Irvine giant that is moving bank inventory, said it has auctioned 16,454 homes this year in the U.S.That's up from 4,100 in all of 2007.

All forecasts point to more of the same next year as people keep spilling out of their homes.


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