The Housing Market Is Waving a Red Flag

Third-party investors are making up an alarmingly high share of auction purchases, according to housing-data firm RealtyTrac

An auctioneer speaks to potential bidders outside a home in Atlanta.

Photographer: Chris Rank/Bloomberg

Almost nine years after the housing-market bust helped trigger the most recent recession, RealtyTrac senior vice president Daren Blomquist sees the industry waving a red flag.

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