Tag Archives: 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.

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.

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.

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.

California-based online real estate marketplace Auction.com has named Bin Xu as VP of engineering for the company's Silicon Valley office, according to an announcement from Auction.com.

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.

March's Real Estate Nowcast predicted that existing home sales for March would fall between 4.83 and 5.12 million on a seasonally adjusted annualized basis. The target number for existing home sales of 4.97 million is an increase of 1.9 percent month-over-month and 5.8 percent from March 2014.

The Five Star Institute President and CEO Ed Delgado announced earlier today at the Five Star Government Forum in Washington, D.C., that the Institute would be partnering with the nation's leading online real estate marketplace, Irvine, California-based Auction.com, and national nonprofit Operation Homefront in support of a home donation program that provides mortgage-free homes to veterans.

In its February 2015 Real Estate Investor Activity Report, Auction.com reported that overall, 56 percent of investors preferred flipping compared to 42.8 percent who preferred renting. The percentage of investors surveyed in February who preferred flipping was 6 percentage points higher than in Q4 2014.

Leading online real estate marketplace Auction.comAuction.com Channel has announced a cash and stock acquisition of Newport Beach, California-based real estate technology solutions provider Channel, LLC.