Ableauctions.com (AMEX:AAC) announced today that NAALive real estate auctions are off to a strong start in January 2008.

In the first 3 weeks of 2008, NAALive has listed 8 real estate auction sessions. Based on the current housing market conditions in the United States, the Company believes that 2008 could be a very active year for real estate auctioneers from coast to coast. Starting the season are auction houses such as Bar None, Mickey Duckett, Reck AgriRealty, Higgenbotham Auctioneers and John Bickel & Associates.
“Real estate auctions have overwhelmingly demonstrated an ability to sell, or strongly influence, the sale of properties online. In the face of the US housing market concerns, we expect more and more people, particularly out-of-state and foreign investors, to utilize online auctions in purchasing properties,” states Abdul Ladha, the Company’s President & CEO. “One of the most telling signs for the newfound respect of auctions is acceptance among traditional real estate brokers.”
Over the past few years, auctioneers have experienced a growth in the number of first-time sellers. Today, the auction market for real estate has grown to $65 billion-plus in sales and according to a study done by the National Association of Realtors, the future of the real estate auction business is heading towards one in every three properties being sold or influenced using an auction listing.
For more information on these sales and others please go to: www.naalive.com.

Posted: 01|15|08 at 5:26 pm. Filed under: US News.