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THE AUCTIONARIUM NEWS!

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La Quinta, CA Home Sold in 21 Minutes for $429,000.00 AS-IS ALL CASH AT AUCTION
2012-07-13

Unreserved Auction of La Quinta Home Nets $429,000.00 in 21 minutes from a pool of cash buyers proving once again that auctions are not fire sales....

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Shortage of Southern California homes for sale creates need for Real Estate Auctioneers
2012-06-18

With housing inventory at a low, would-be buyers are scrambling to bid on homes before they're even listed, and traditional real estate agents do not know how to properly represent the few sellers that do exist....

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One in Three Los Angeles County Mortgage Holders Underwater
2012-05-24

Nearly 1 in 3 homeowners with a mortgage in L.A. County owes more than the property is worth, new data show. These underwater loans hinder mobility and hurt prices because they tend to stymie the important move-up market....

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Foreclosures expected to rise, pushing home prices lower
2012-01-12

Banks are getting more aggressive with the 3.5 million U.S. homes with seriously delinquent mortgages, setting the stage for a big wave of foreclosure auctions this year....

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Defaults on homes rise in the valley First time region saw a year-over-year spike in activity since November 2009
2011-12-24

Foreclosures rose nearly 6 percent across the Coachella Valley in November compared to the same month a year ago, ending a seven-month trend of double-digit declines....

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NAR overestimated real estate sales by 14% Says Auctioneers Get Higher Prices
2011-12-21

The National Association of Realtors says it overestimated home sales by more than 14 percent since 2007 because an adjustment that the trade group makes to data it collects from multiple listing services to account for sales that take place outside of ...

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Scheduled foreclosure auctions soar in California
2011-12-15

Banks set the clock for forced sales of more than 26,000 homes in the state in November, a 63% increase from October. Overall foreclosure notices nationwide fell last month....

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The Other Side Free & Clear or Equity Home Owners Doing Well
2011-10-02

Nearly half of all owners with mortgages have at least 25% equity stakes in their properties, and about a quarter of owners with mortgages have more than 50% equity, a new study shows....

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Home sales dropped 3.5% in July, hit 2011 low
2011-08-18

The number of people who bought previously occupied homes fell in July for the third time in four months. This year is on pace to be the worst in 14 years for home sales, as more Americans worry that the economy could slip back into another recession....

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California Home Prices Continue to Drop 13.3% May 2011
2011-06-15

Sales of homes in California plunged 13.3% in May from the same month a year ago, when tax incentives were fueling the market, according to real estate research firm DataQuick of San Diego....

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THE AUCTIONARIUM, INC
P.O. Box 1381
Rancho Mirage, CA 92270

Contact: 866-486-SOLD
Local phone: 760-328-7570
auctions@theauctionarium.com
California DRE License #01889313