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On the Block, Sight Unseen!

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Today in auction stunts: a New York City online auction startup in which prospective buyers bid without seeing the property or speaking to the broker. Broker-blogger Malcolm Carter has the rundown on the site, REchirp.com, which lets bidders offer "chirps," which sound like, uh, bids, on apartments. The site's founders hope users will submit chirps that are 10-40 percent below list price, setting off negotiations. Interesting strategy, or is this bird a few chirps short of a full tweet? [malcolmcarter.wordpress.com]