America’s hard-hit Sunbelt cities are commanding the most attention from potential home buyers searching online, most probably due to the bargain basement prices available right now, reports Forbes.
The most popular area that home buyers are currently searching for online was in Florida, while metro areas in California, South Carolina and Texas also ranked highly in newly released data from Trulia.com, who analyzed more than 100 million property searches on its portal over the third quarter, from July 1st till Sept. 30th.
Jed Kolko, Trulia’s chief economist and head of analytics, explained that the high numbers of home buyers searching for homes in the south is probably down to the number of retirees looking to move there:
“Part of the long term trend is Baby Boomers moving toward retirement, and some of those that put off their searches while home prices were skyrocketing in the Sun Belt, are now looking again because prices have fallen so much.”
Florida housing markets have shown increase in terms of buyer interest recently, according to Trulia. The West Palm Beach – Boca Raton metro area for example, which was the sixth most-searched-for area on Trulia, saw a 34% increase in housing sales last September when compared to 12 months previously. Fort Lauderdale MSA, which was the fourth most searched for area online, also saw a significant increase in sales, with the number of done deals in September rising by 11%.
The following metro areas ranked in the top seven on Trulia’s list of online searches:
I know many Canadian have been buying properties in Florida in the last couple of years.