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LAND AUCTIONS
The importance of land auctions can not be more important than they are right now to the real estate market in general and more specifically to the recovery of the US economy. Since investment banks and the federal government can’t determine the ‘true bottom’ of what land is worth, than significant and well orchestrated land auctions over the next several months can yield a benchmark indicator based on consistent sales results of true valuation.
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Rick Abelson.
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