Virtual auctions: Buyers spend in lockdown, auctioneers broadcast live from their living rooms

The real estate market has shifted to online auctions during confinement. Photo/Getty Images

Cashed-in homebuyers are shelling out big bucks for high-end homes during lockdown as the market shifts to online auctions.

Unlike the last foreclosure, pent-up interest from buyers has led to significant demand for properties for sale

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