Online Home Auction Leader, RealtyBid.com, Thrives Despite Down Economy

    RAINBOW CITY, Ala., July 17 /EMWNews/ -- Despite persistent news of

a weakening economy, RealtyBid.com, the nation's leader in online home

auctions, is still thriving. Second quarter results have confirmed

expectations that company performance during the first six months of 2008

outpaced the first half of 2007, which had itself been a record-shattering

year for the company.



    According to CEO/President Tony Isbell, RealtyBid.com, which offers

thousands of discounted properties to home buyers and investors each month,

saw its traffic increase during the first half of 2008 by an incredible 380

percent compared to the same time period in 2007. Also during the first

half of 2008, RealtyBid.com saw its number of new registered bidders rise

by 50.4 percent over the same time period last year.



    But, Isbell said perhaps most impressive is the fact that RealtyBid.com

saw a more than 12.4 percent increase in sales during the first half of

2008 compared to the first half of 2007. "To see that kind of increase

during the first half of this year when our country saw declines in

existing home sales every single month is very encouraging for our company.



    "Certainly, as the number of foreclosures has increased nationwide, the

number of bank-owned properties available to buyers via RealtyBid.com has

also increased. What RealtyBid.com is able to do successfully -- and has

been able to do with growing success since 2001 -- is bring motivated

sellers, such as banks and other lending institutions, and buyers

together."



    Isbell added that the team at RealtyBid.com is working to communicate

that it is an excellent time to buy real estate. "This is especially true

for those who understand the discount and investment potential of

RealtyBid.com. It's exciting for us to see our site traffic, inventory and

sales grow each month, but we are even more excited because we realize more

and more buyers are 'discovering' RealtyBid.com and realizing that online

home auctions are a perfect fit for the current buyer's market."



    Founded in 2001, RealtyBid.com specializes in the expedited sale of

real estate through its innovative online auction platform. The company has

become one of the most vocal advocates for the use of Internet technology

as a means of bringing real estate buyers and sellers together.

RealtyBid.com's team has sold more than 12,000 properties.