Sunday, February 8, 2009

Hundreds show for auction | Fox10tv.com

Hundreds show for auction | Fox10tv.com: "GULF SHORES, Ala. - Housing sales are down and foreclosures are up across the country, but Gulf Shores is still a 'hot spot' for real estate. 'You can buy them for less than replacement cost, and that's what been driving the market down here,' said real estate agent Desmond Gatti.

The fact that hundreds of people showed up for the auction at the San Carlos Property is proof there's a lot of interest in the area. William Bone wasn't surprised. He's president of the Gadsden based company that put on the auction."