Relevant:
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- Shadow Housing Inventory: Getting an Actual Housing Picture of California Foreclosures and REO Numbers
- Too many palatial homes, too few princely buyers
- Bidding Wars Return To Real Estate Due To Low Supply
- Russian Billionaires Buy U.S. Estates as Overseas Wealth Flows to Mansions
2011-08-30 — bloomberg.com
"Real estate auctions, long used in the sale of foreclosed properties, are becoming more popular among wealthy homeowners to drum up interest for mansions that have languished on the market after the housing crash. In exchange for a quicker sale, many sellers are accepting price cuts of 50 percent or more."
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