Another Real Estate Auction Blog February 7, 2008Posted by AlynnROCK Group in Auction FAQ, Auction News, Blogroll, home auction, real estate auction, Real Estate News.
Same stuff….better blog!!!
Live auction industry exceeds $270 billion in 2007 – Residential real estate auction revenue increase 5.3% despite housing market downturn January 30, 2008Posted by AlynnROCK Group in Auction FAQ, Auction News, home auction, real estate auction, Real Estate News.
Tags: Auction MLS, Auction Network, Auctions, MLS, NAA, National Auctioneers Association, real estate auctions
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Residential real estate auction revenue increase 5.3% despite housing market downturn
Overland Park, KS – In 2007 the gross revenue from goods and services sold at live auction grew 5.3% to $270.7 billion. In 2006, the auction industry sold $257.2 billion in goods and services at auction, an increase of 7.1% from 2005. The annual report was compiled by Morpace, Inc. on behalf of the National Auctioneers Association (NAA) which surveys auction professionals to determine the state of the industry, as well as track key auction specialties within the industry.
While traditional real estate professionals continue to face the challenges of a housing market downturn, the real estate auction market continues to be one of the fastest growing auction sectors generating $58.4 billion in 2007. Within the real estate segment (i.e. residential, land/agricultural, commercial/industrial), residential real estate auctions witnessed the largest growth, increasing 5.3% from 2006. Accounting for 32% of the total live auction industry, automobile auctions continue to be the largest sector of the industry generating $87.8 billion in sales. Charity auction revenue grew from $15.6 billion in 2006, to $16.2 billion in 2007, an increase of 4.1%. The overall number of live auctions conducted in 2007 increased by 4.6%.
“The live auction industry continues to grow at an amazing pace,” said NAA president Tommy Williams, CAI. “More and more consumers are realizing the benefits of buying and selling at live auction. Consumers are now buying or selling their homes, purchasing art and antiques, or raising capital for charitable causes through auctions.”
To assist consumers interested in real estate auctions, the NAA launched the first real estate auction multiple listing service (MLS) in 2007. Prospective bidders from across the world can access http://www.auctionmls.com/ to view upcoming real estate auctions ranging from residential, to farm/agricultural real estate. In addition to launching the first auction MLS, the NAA partnered with the Auction Network to develop the first 24/7 multi-media network devoted to the auction industry. Everyone from the enthusiast to the casual bidder can participate real-time in a wide variety of auctions taking place worldwide by visiting http://www.auctionnetwork.com/.
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** Article taken from the National Auctioneers Association 1/23/08 News Release **
About the NAA
Headquartered in Overland Park, Kansas, the National Auctioneers Association (NAA) represents the interests of approximately 6,000 auctioneers in the United States, Canada and across the world. Founded in 1949, the mission of the NAA is to promote the auction method of marketing and enhancing the professionalism of its members through education and technology. In 2007, the auction industry grew by 5.3% with over $270 billion in goods and services sold. To learn more about Auctioneers, auctions and the NAA visit: www.auctioneers.org.
National Public Radio (NPR) Highlights 2007 IAC Champions Denise Shearin & Bryan Knox January 28, 2008Posted by AlynnROCK Group in 1, Auction FAQ, Auction News, real estate auction.
Tags: auction, auctioneer, Bryan Knox, Denise Shearin, NAA, NPR, Showcase of Champions
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NPR listeners across the country were offered an inside look into the world of auctioneering and “bid calling” today on Michel Martin’s “Tell Me More” and Robert Sachs “What Would Rob Do?”.
“What Would Rob Do?”
with Robert Sachs and IAC Champion Bryan Knox
Auctioneering can be tough. A bid caller has to simultaneously keeping track of the bid count, look for bidders, and keeping the chant fun for those attending. Rob talks to NPR’s Paul Brown about some expert advice on running an auction from Bryan Knox the winner of the 2007 Men’s International Auctioneers Championship.
“Tell Me More”
with Michel Martin and IAC Champion Denise Shearin
It’s the familiar, but sometimes unintelligible voice standing out among all the rest: that fast-talking, number-crunching auctioneer. Denise Shearin shares tips and divulges insider info on the world of auction blocks. Shearin was recently named the International Auction Champion.
National Auctioneers Association Launches Real Estate Auction MLS January 18, 2008Posted by AlynnROCK Group in Auction News, home auction, real estate auction, Real Estate News.
Tags: Auction MLS, MLS, NAA, National Auctioneers Association, real estate auctions
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Overland Park, KS “ The National Auctioneers Association, the world’s largest professional association representing the interests of Auctioneers, recently launched a multiple listing service (MLS) designed specifically for real estate auctions. As consumer interest in auctions grows, consumers are turning to auctions to buy and sell real estate. The newly launched website, www.naarealestateauctions.com, provides consumers with up-to-date information on real estate auctions taking place in their area. Consumers can utilize the website to view residential, commercial, agricultural, and time share real estate scheduled to be sold at auction.
“The creation of the NAA Real Estate Auction MLS provides consumers with a convenient approach to researching upcoming auctions, “said NAA president Tommy Williams. “In addition to traditional marketing campaigns promoting upcoming auctions, auctioneers and their clients now have the ability to market their sale to a larger audience of prospective bidders.”
Residential real estate auction is the fastest growing segment of the auction industry. Between 2003 and 2006, gross revenue of residential real estate sold at auction has increased 39%. In 2006, over $16 billion was sold in residential real estate. In addition to residential real estate auctions, over $25 billion was sold in land/agricultural real estate and $15 billion in commercial/industrial real estate in 2006.
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About the NAA
Headquartered in Overland Park, Kansas, the National Auctioneers Association (NAA) represents the interests of approximately 6,000 auctioneers in the United States, Canada and across the world. Founded in 1949, the mission of the NAA is to promote the auction method of marketing and enhancing the professionalism of its members through education and technology. In 2006, the auction industry grew by 7.1% with over $257 billion in goods and services sold. To learn more about Auctioneers, auctions and the NAA visit: www.auctioneers.org.
For Immediate Release
Contact: Chris Longly
National Auctioneers Association
(913) 541-8084 ext. 31
Article also found on Reuters