Trulia movers presentation

Trulia’s Metro Movers ReportTrulia’s Metro Movers ReportWinter 2012Winter 2012

Provided by:

Craig Fialkowski GRI,CDPE

Realty Elite International

561-827-1790

[email protected]

What Does The Metro Movers Report Tell Us?What Does The Metro Movers Report Tell Us?

Trulia’s Metro Movers Report is the first housing report that starts with where homebuyers and renters are today, and then provides the inside scoop on where they want to live tomorrow.

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CraigSellsPalmBeach.com

Defining A Metro’s Housing Demand As Strong Or WeakDefining A Metro’s Housing Demand As Strong Or Weak

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Trulia defines a metropolitan area’s future housing demand as being strong or weak based on the number of incoming property searches by out-of-towners at least 100 miles away versus the number of outgoing property searches by locals to destinations at least 100 miles away.

Interpretation Key - # of Inbound Property Searches Per Outbound Search– > 1: Housing demand in this metro is strong with more searches by out-of-towners

looking to move in than by locals looking to leave. – <1: Housing demand in this metro is weak, where there are more searches by locals

looking to leave than by out-of-towners looking to move in.

– =1: Housing demand in this metro is neutral. There are an equal number of inbound and outbound home searches

Sample Calculation for Gotham City– # of inbound property views by out-of-towners: 200– # of outbound property views by locals: 100– Gotham City’s demand index: 200/100 = 2– Interpretation: 2X as many people might want to move to Gotham City in the future than

leave


National Housing Demand Trends

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House Hunters Near and Far Eye Florida Real EstateHouse Hunters Near and Far Eye Florida Real Estate

• Even with a backlog of homes unable to complete the foreclosure process, big price declines mean more people are looking to move to Florida than leave.

– Of the top 10 metros where demand among online house hunters is strongest, 7 are located in the Sunshine state.

– One-third of all the home searches in Miami on Trulia.com originate from people living more than 500 miles away.

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Who’s Searching in Florida?Who’s Searching in Florida?

• New York City is the top source of long distance (100 miles or more) home searches for properties along the Atlantic coast and Central Florida (e.g., Lakeland-Winter Haven, Fort Lauderdale and West Palm Beach).

• More long distance searches for Gulf Coast homes (e.g., North Port-Bradenton-Sarasota and Cape Coral) come from Chicago than from anywhere else.

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Where Demand Among Online House Hunters Is StrongestWhere Demand Among Online House Hunters Is Strongest

# U.S. Metropolitan Area# of Inbound Searches Per Outbound Search

1 Palm Bay-Melbourne-Titusville, FL 8.80

2 Lakeland-Winter Haven, FL 7.60

3 North Port-Bradenton-Sarasota, FL 6.62

4 Cape Coral-Fort Myers, FL 2.59

5 Tulsa, OK 2.48

6 West Palm Beach-Boca Raton-Boynton Beach, FL 2.46

7 Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 2.44

8 Riverside-San Bernardino-Ontario, CA 2.43

9 Charleston-North Charleston-Summerville, SC 2.40

10 Orlando-Kissimmee-Sanford, FL 2.30

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Despite high foreclosure rates and lost equity, huge prices declines in Florida and inland California have drawn house hunters from across the country.


Where Demand Among Online House Hunters Is WeakestWhere Demand Among Online House Hunters Is Weakest

# U.S. Metropolitan Area# of Inbound Searches Per Outbound Search

1 Newark-Union, NJ-PA 3.65

2 San Jose-Sunnyvale-Santa Clara, CA 2.60

3 Washington-Arlington-Alexandria, DC-VA-MD-WV 2.54

4 Philadelphia, PA 2.40

5 Bethesda-Rockville-Frederick, MD 2.25

6 New Haven-Milford, CT 2.21

7 Baltimore-Towson, MD 2.17

8 Seattle-Bellevue-Everett, WA 2.11

9 Camden, NJ 2.11

10 Omaha-Council Bluffs, NE-IA 2.04

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More people are looking to leave big metro areas – such as Newark, San Jose, Philadelphia and Seattle – than move in.


Best-Kept Secret Neighborhoods Across AmericaBest-Kept Secret Neighborhoods Across America

U.S. City Best-Kept Secret Neighborhood Zip Code

New York Hunters Point (Long Island City, Queens) 11101

Los Angeles La Brea / Hancock Park 90036

Chicago West Town / Wicker Park 60622

San Francisco Diamond Heights / Glen Park 94131

Miami Key Biscayne 33149

Washington DC Logan Circle 20005

Boston Fort Point / Seaport District 02210

Houston Spring Branch East 77055

Dallas Greenway Parks 75209

Seattle Sunset Hill / North Beach 98117

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Using the same analysis behind the Metro Movers report, Trulia reveals where are the desirable neighborhoods in major cities where locals want to live that out-of-towners often overlook.


Regional Housing Demand Trends

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Where Are House Hunters From Atlanta Looking?Where Are House Hunters From Atlanta Looking?

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# Top 10 Outbound Home Searches By Locals1 Gainesville, GA2 Athens-Clarke County, GA3 Jacksonville, FL4 New York-White Plains-Wayne, NY-NJ5 Tampa-St. Petersburg-Clearwater, FL6 Birmingham-Hoover, AL7 Columbus, GA-AL8 Orlando-Kissimmee-Sanford, FL9 Charlotte-Gastonia-Rock Hill, NC-SC

10 Los Angeles-Long Beach-Glendale, CA


From Where Are House Hunters Searching In Atlanta?From Where Are House Hunters Searching In Atlanta?

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# Top 10 Inbound Home Searches By Out-of-Towners1 New York-White Plains-Wayne, NY-NJ2 Washington-Arlington-Alexandria, DC-VA-MD-WV3 Chicago-Joliet-Naperville, IL4 Philadelphia, PA5 Tampa-St. Petersburg-Clearwater, FL6 Los Angeles-Long Beach-Glendale, CA7 Seattle-Bellevue-Everett, WA8 Newark-Union, NJ-PA9 Athens-Clarke County, GA

10 Miami-Miami Beach-Kendall, FL


Where Are House Hunters From Chicago Looking?Where Are House Hunters From Chicago Looking?

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# Top 10 Outbound Home Searches By Locals1 Lake County-Kenosha County, IL-WI2 Gary, IN3 Phoenix-Mesa-Glendale, AZ4 New York-White Plains-Wayne, NY-NJ5 Los Angeles-Long Beach-Glendale, CA6 Tampa-St. Petersburg-Clearwater, FL7 Indianapolis-Carmel, IN8 Minneapolis-St. Paul-Bloomington, MN-WI9 Atlanta-Sandy Springs-Marietta, GA

10 Rockford, IL


From Where Are House Hunters Searching In Chicago?From Where Are House Hunters Searching In Chicago?

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# Top 10 Inbound Home Searches By Out-of-Towners1 Lake County-Kenosha County, IL-WI2 New York-White Plains-Wayne, NY-NJ3 Indianapolis-Carmel, IN4 St. Louis, MO-IL5 Washington-Arlington-Alexandria, DC-VA-MD-WV6 Seattle-Bellevue-Everett, WA7 Minneapolis-St. Paul-Bloomington, MN-WI8 Springfield, IL9 Gary, IN

10 Milwaukee-Waukesha-West Allis, WI


Where Are House Hunters From Houston Looking?Where Are House Hunters From Houston Looking?

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# Top 10 Outbound Home Searches By Locals1 San Antonio-New Braunfels, TX2 Austin-Round Rock-San Marcos, TX3 Dallas-Plano-Irving, TX4 Fort Worth-Arlington, TX5 Los Angeles-Long Beach-Glendale, CA6 Beaumont-Port Arthur, TX7 Denver-Aurora-Broomfield, CO8 Chicago-Joliet-Naperville, IL9 Corpus Christi, TX

10 New York-White Plains-Wayne, NY-NJ


From Where Are House Hunters Searching In Houston?From Where Are House Hunters Searching In Houston?

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# Top 10 Inbound Home Searches By Out-of-Towners1 Dallas-Plano-Irving, TX2 Austin-Round Rock-San Marcos, TX3 Beaumont-Port Arthur, TX4 Los Angeles-Long Beach-Glendale, CA5 Chicago-Joliet-Naperville, IL6 Killeen-Temple-Fort Hood, TX7 San Antonio-New Braunfels, TX8 Philadelphia, PA9 New York-White Plains-Wayne, NY-NJ

10 Atlanta-Sandy Springs-Marietta, GA


Where Are House Hunters From Las Vegas Looking?Where Are House Hunters From Las Vegas Looking?

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# Top 10 Outbound Home Searches By Locals1 Los Angeles-Long Beach-Glendale, CA2 Phoenix-Mesa-Glendale, AZ3 Riverside-San Bernardino-Ontario, CA4 San Diego-Carlsbad-San Marcos, CA5 Santa Ana-Anaheim-Irvine, CA6 Portland-Vancouver-Hillsboro, OR-WA7 Chicago-Joliet-Naperville, IL8 Pahrump, NV9 Reno-Sparks, NV

10 Seattle-Bellevue-Everett, WA


From Where Are House Hunters Searching In Las Vegas?From Where Are House Hunters Searching In Las Vegas?

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# Top 10 Inbound Home Searches By Out-of-Towners1 Los Angeles-Long Beach-Glendale, CA2 Santa Ana-Anaheim-Irvine, CA3 Honolulu, HI4 Chicago-Joliet-Naperville, IL5 New York-White Plains-Wayne, NY-NJ6 Seattle-Bellevue-Everett, WA7 San Diego-Carlsbad-San Marcos, CA8 Denver-Aurora-Broomfield, CO9 Portland-Vancouver-Hillsboro, OR-WA

10 Phoenix-Mesa-Glendale, AZ


Where Are House Hunters From Los Angeles Looking?Where Are House Hunters From Los Angeles Looking?

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# Top 10 Outbound Home Searches By Locals1 Riverside-San Bernardino-Ontario, CA2 Santa Ana-Anaheim-Irvine, CA3 Oxnard-Thousand Oaks-Ventura, CA4 San Diego-Carlsbad-San Marcos, CA5 Las Vegas-Paradise, NV6 Phoenix-Mesa-Glendale, AZ7 Bakersfield-Delano, CA8 New York-White Plains-Wayne, NY-NJ9 Sacramento--Arden-Arcade--Roseville, CA

10 Oakland-Fremont-Hayward, CA


From Where Are House Hunters Searching In Los Angeles?From Where Are House Hunters Searching In Los Angeles?

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# Top 10 Inbound Home Searches By Out-of-Towners1 Santa Ana-Anaheim-Irvine, CA2 Riverside-San Bernardino-Ontario, CA3 New York-White Plains-Wayne, NY-NJ4 Chicago-Joliet-Naperville, IL5 San Diego-Carlsbad-San Marcos, CA6 Oxnard-Thousand Oaks-Ventura, CA7 Phoenix-Mesa-Glendale, AZ8 Oakland-Fremont-Hayward, CA9 Washington-Arlington-Alexandria, DC-VA-MD-WV

10 Seattle-Bellevue-Everett, WA


Where Are House Hunters From Miami Looking?Where Are House Hunters From Miami Looking?

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# Top 10 Outbound Home Searches By Locals1 Fort Lauderdale-Pompano Beach-Deerfield Beach, FL2 West Palm Beach-Boca Raton-Boynton Beach, FL3 Port St. Lucie, FL4 Orlando-Kissimmee-Sanford, FL5 New York-White Plains-Wayne, NY-NJ6 Atlanta-Sandy Springs-Marietta, GA7 Tampa-St. Petersburg-Clearwater, FL8 Cape Coral-Fort Myers, FL9 Los Angeles-Long Beach-Glendale, CA

10 Jacksonville, FL


From Where Are House Hunters Searching In Miami?From Where Are House Hunters Searching In Miami?

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# Top 10 Inbound Home Searches By Out-of-Towners1 Fort Lauderdale-Pompano Beach-Deerfield Beach, FL2 New York-White Plains-Wayne, NY-NJ3 Washington-Arlington-Alexandria, DC-VA-MD-WV4 West Palm Beach-Boca Raton-Boynton Beach, FL5 Atlanta-Sandy Springs-Marietta, GA6 Chicago-Joliet-Naperville, IL7 Philadelphia, PA8 Seattle-Bellevue-Everett, WA9 Los Angeles-Long Beach-Glendale, CA

10 Newark-Union, NJ-PA


Where Are House Hunters From New York City Looking?Where Are House Hunters From New York City Looking?

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# Top 10 Outbound Home Searches By Locals1 Nassau-Suffolk, NY2 Newark-Union, NJ-PA3 Edison-New Brunswick, NJ4 Bridgeport-Stamford-Norwalk, CT5 Poughkeepsie-Newburgh-Middletown, NY6 Philadelphia, PA7 Los Angeles-Long Beach-Glendale, CA8 Atlanta-Sandy Springs-Marietta, GA9 Miami-Miami Beach-Kendall, FL

10 West Palm Beach-Boca Raton-Boynton Beach, FL


From Where Are House Hunters Searching In New York City?From Where Are House Hunters Searching In New York City?

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# Top 10 Inbound Home Searches By Out-of-Towners1 Newark-Union, NJ-PA2 Nassau-Suffolk, NY3 Edison-New Brunswick, NJ4 Washington-Arlington-Alexandria, DC-VA-MD-WV5 Philadelphia, PA6 Los Angeles-Long Beach-Glendale, CA7 Bridgeport-Stamford-Norwalk, CT8 Chicago-Joliet-Naperville, IL9 Poughkeepsie-Newburgh-Middletown, NY



Where Are House Hunters From San Francisco Looking?Where Are House Hunters From San Francisco Looking?

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# Top 10 Outbound Home Searches By Locals1 Oakland-Fremont-Hayward, CA2 San Jose-Sunnyvale-Santa Clara, CA3 Sacramento--Arden-Arcade--Roseville, CA4 Santa Rosa-Petaluma, CA5 Los Angeles-Long Beach-Glendale, CA6 New York-White Plains-Wayne, NY-NJ7 Visalia-Porterville, CA8 Stockton, CA9 Santa Cruz-Watsonville, CA

10 Vallejo-Fairfield, CA


From Where Are House Hunters Searching In San Francisco?From Where Are House Hunters Searching In San Francisco?

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# Top 10 Inbound Home Searches By Out-of-Towners1 Oakland-Fremont-Hayward, CA2 San Jose-Sunnyvale-Santa Clara, CA3 Los Angeles-Long Beach-Glendale, CA4 New York-White Plains-Wayne, NY-NJ5 Santa Rosa-Petaluma, CA6 Sacramento--Arden-Arcade--Roseville, CA7 Washington-Arlington-Alexandria, DC-VA-MD-WV8 Chicago-Joliet-Naperville, IL9 Phoenix-Mesa-Glendale, AZ

10 Houston-Sugar Land-Baytown, TX


Where Are House Hunters From Seattle Looking?Where Are House Hunters From Seattle Looking?

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# Top 10 Outbound Home Searches By Locals1 Phoenix-Mesa-Glendale, AZ2 Los Angeles-Long Beach-Glendale, CA3 New York-White Plains-Wayne, NY-NJ4 Riverside-San Bernardino-Ontario, CA5 Chicago-Joliet-Naperville, IL6 Atlanta-Sandy Springs-Marietta, GA7 Tacoma, WA8 Las Vegas-Paradise, NV9 Spokane, WA

10 San Diego-Carlsbad-San Marcos, CA


From Where Are House Hunters Searching In Seattle?From Where Are House Hunters Searching In Seattle?

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# Top 10 Inbound Home Searches By Out-of-Towners1 Bremerton-Silverdale, WA2 Portland-Vancouver-Hillsboro, OR-WA3 Tacoma, WA4 Los Angeles-Long Beach-Glendale, CA5 New York-White Plains-Wayne, NY-NJ6 Chicago-Joliet-Naperville, IL7 Santa Ana-Anaheim-Irvine, CA8 Denver-Aurora-Broomfield, CO9 Dallas-Plano-Irving, TX

10 Washington-Arlington-Alexandria, DC-VA-MD-WV


Where Are House Hunters From Washington DC Looking?Where Are House Hunters From Washington DC Looking?

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# Top 10 Outbound Home Searches By Locals1 Bethesda-Rockville-Frederick, MD2 Baltimore-Towson, MD3 New York-White Plains-Wayne, NY-NJ4 Virginia Beach-Norfolk-Newport News, VA-NC5 Philadelphia, PA6 Richmond, VA7 Atlanta-Sandy Springs-Marietta, GA8 Los Angeles-Long Beach-Glendale, CA9 Tampa-St. Petersburg-Clearwater, FL

10 Orlando-Kissimmee-Sanford, FL


From Where Are House Hunters Searching In Washington DC?From Where Are House Hunters Searching In Washington DC?

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# Top 10 Inbound Home Searches By Out-of-Towners1 Baltimore-Towson, MD2 Bethesda-Rockville-Frederick, MD3 New York-White Plains-Wayne, NY-NJ4 Richmond, VA5 Philadelphia, PA6 Culpeper, VA7 Virginia Beach-Norfolk-Newport News, VA-NC8 Chicago-Joliet-Naperville, IL9 Columbus, OH



MethodologyMethodology

Trulia’s Metro Movers Report is a forward-looking indicator of where people are today and where they want to live tomorrow that’s based on property searches on Trulia.com.

Trulia defines a metropolitan area’s future housing demand as being strong or weak based on the number of incoming property searches by out-of-towners versus the number of outgoing property searches by locals. After adjusting for total views and site coverage, almost 100 million property views were included in this study.

The Winter 2012 report examines all the property searches between metro areas at least 100 miles away from each other between October 1, 2011 and December 31, 2011.

Sample Metro Movers Index Calculation for Gotham City– # of inbound property views by outsiders: 200– # of outbound property views by locals: 100– Gotham City’s demand index: 200/100 = 2– Interpretation: 2X as many people might want to move to Gotham City

in the future than leave

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About TruliaAbout Trulia

Trulia is the fastest growing online real estate resource, empowering buyers, sellers and renters with smarter tools to help them find the right home. Trulia gives you the inside scoop to help you find the best place to live. Our smart and personalized real estate search experience brings together vital local information, community insights, market data, and national listings all in one place. Trulia is headquartered in downtown San Francisco and is backed by Accel Partners and Sequoia Capital. Trulia and the Trulia logo are registered trademarks of Trulia, Inc.

FOR ALL YOUR REAL ESTATE NEEDS CALL:

Craig Fialkowski GRI,CDPE

Realty Elite International

561-827-1790

[email protected]

46 CraigSellsPalmBeach.com

Trulia movers presentation

Real Estate

Transcript of Trulia movers presentation