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Tag Archives: Auction.com

Auction.com Named One of AlwaysOn’s Global 250 for 2015

According to Auction.com, the companies are recognized for their potential to innovate in existing markets and capitalize on new market opportunities. Auction.com was named in the “Marketplace and E-Commerce” category along with Airbnb, Houzz, Thumbtack, Flipkart, and other notable market leaders.

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Auction.com Welcomes New VP of Industry Relations

Auction.com, an online real estate marketplace, has named former VP at Altisource Online Auctions Anthony Self as the new VP of industry relations. Self will focus on strengthening the company’s relationships within the real estate community and developing programs that foster long-term partnerships with agents and brokers.

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Former Yahoo! CFO Named New CEO of Auction.com

Since being founded in 2007, Irvine, California-based Auction.com has sold more than 165,000 residential and commercial properties totaling more than $30 million. The company has been growing steadily in the last eight years; in 2014 alone, more than 49,000 properties were sold through Auction.com's platform.

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Housing Forecast Calls for Increase in Existing-Home Sales

forecast

Yesterday, the National Association of Realtors (NAR) reported that existing-home sales were at 5.04 million units, a 3.3 percent decrease from March, though up 6.1 percent from a year ago. Both, Auction.com and Consensus estimates were off for April because they predicted a stronger performance based on data released in March.

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Former LinkedIn, Yahoo! Engineer Joins Auction.com

In his new position with Auction.com, Yuan will oversee the development of web and mobile products and applications that will enhance the user experience for buyers, sellers, and real estate professionals who access and interact with the Auction.com platform.

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Investors Continue to Favor Flipping Over Renting by Narrowing Margin

Overall investor intent in April's survey showed that slightly more than half (50.4 percent) of investors preferred flipping as a strategy, while 48.3 percent of investors said they intended to employ a hold-to-rent strategy. This data compared with 53.5 percent and 44.8 percent, respectively, in Q1. "Most of the country and most investor segments performed in a manner very consistent with what we’ve seen over the past year, but investment strategies in Texas appear to have shifted pretty dramatically," Auction.com EVP Rick Sharga said.

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Survey: Flipping Trend Continues to Gain Momentum Among Investors

Overall, 53.5 percent of investors surveyed said they preferred flipping, while 44.8 percent said they intended to rent the houses they purchased. A larger portion of real estate investors (55 percent) and investors working on behalf of another investor (66.3 percent) said they intended to flip, while a majority of investors making a one-time purchase (66.9 percent) said they intended to rent.

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