Great job by Trulia’s VP of Marketing Heather Fernandez as she provides insights into Trulia’s housing market search trends on CNBC today.
Highlights:
• Home Buyer and Seller Search Trends: Our data is a forward looking indicator as to home buyer and seller sentiment
• We looked at 250 Largest cities in the US
• Biggest losers: Sales Prices flat, transactions and searches down
- Elk Grove, CA
- Tracy, CA
- Moreno Valley, CA
- Stockton, CA
- Palmdale, CA
• California and Florida suffered the greatest earliest hits due to foreclosures
• Long road to recovery in these markets
• 3 out of 4 homes on the market are in foreclosure
• Nationwide:
- 1 in every 3 homeowners is potentially underwater
- 1 in every 4transactions is a distressed transaction
• Biggest increase in searches:
- Milwaukee Wisconson
- Frisco, Texas
- Ocala, Florida
- Albuquerque, New Mexico
- Malibu, California
How is your market doing in comparison to those named above?
Popularity: 6% [?]
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March 22nd, 2010 at 7:04 pm
I was talking with a client this morning about how intensely personal, and incredibly important the search for a new home is — whether it’s your 1st new home or your 7th.
The personal, important aspect of the home search hasn’t changed, but clearly the ways that a person goes about her home search has, dramatically. Yet those of us in real estate — whether it’s a site like Trulia or an agent like me — still have the important task of providing easily accessible information — and, often, some hand-holding.
Bob Stahl