Report indicates housing market on the mend
Norfolk, VA (May 16, 2012) – With more than 69 million home searches on its site in the first quarter, Homes.com, a leading real estate listing site and lifestyle resource for all things home related, has released a quarterly report on the current state of the housing market based on its data and search trends on the site.
The report, an industry standard for obtaining a pulse on the market, indicates a promising outlook in the housing market. Several of America’s largest and favorite cities lead the pack of top places searched for by those looking to purchase a home.
The top ten cities, determined by the number of unique searches on the site, include:
- Orlando – 258,975
- Las Vegas – 245,728
- Houston – 202,279
- Atlanta – 165,089
- Tampa – 146,375
- San Antonio – 137,117
- Charlotte – 135,414
- Miami – 133,870
- Norfolk – 120,949
- Jacksonville – 117,909
The data reveals southern housing markets are still relevant and desirable, with Florida markets–Orlando, Tampa, Miami and Jacksonville–taking four of the top ten spots. Houston, Atlanta and Charlotte are among other cities in the top ten, confirming the trend that houses in southern states are in high demand, partially due to more affordable market rates and a lower overall cost of living.
With more than 258,000 unique searches, Orlando was the top city searched for home purchases with more than 258,000 unique searches. With its gated communities and golf courses, Orlando’s Eastwood neighborhood was the city’s top searched area. Orlando, long touted as a popular tourist destination, is fast becoming known for its lower housing market rates and abundance of planned communities.
Not too far behind Orlando, Las Vegas, the second most searched city for homes to buy, was searched by more than 245,000 visitors. The legendary nightlife in Las Vegas seems worlds away in the quiet neighborhood of Villa Sedona, the second most searched neighborhood on the report. Villa Sedona, just outside of Las Vegas touts beautiful scenery and spacious homes, all within close proximity to America’s favorite adult playground.
The report, complete with more than 100 cities and neighborhoods searched throughout the country, is an indicator that the housing market is making a comeback and is likely to continue improving throughout the remainder of 2012 and beyond.
As one of the nation’s top online real estate destinations, Homes.com inspires consumers to dream big. From affordable houses to luxurious estates, condos and more, Homes.com features more than four million property listings and a user-friendly format, making finding your next home or a licensed real estate agent easily accessible. Visitors to the Homes.com blog will find a collection of rich content and posts on DIY projects, painting, gardening and more, providing the ultimate resource for everything home related. From purchasing a first home, to upgrading, downsizing and everything in between, Homes.com is an inspiring and engaging partner in every phase of the home buying process.
For more information, visit http://www.homes.com or blog.homes.com.