Trulia Metro Movers Report - Winter 2012

Trulia’s Metro Movers ReportWinter 2012

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.2

Defining A Metro’s Housing Demand As Strong Or Weak 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 leave3

National Housing Demand Trends4

House 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.5

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.12

Where Demand Among Online House Hunters Is Strongest Despite high foreclosure rates and lost equity, huge prices declines in Florida and inland California have drawn house hunters from across the country. # of Inbound Searches # U.S. Metropolitan Area 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 2.3010

Where Demand Among Online House Hunters Is Weakest More people are looking to leave big metro areas – such as Newark, San Jose, Philadelphia and Seattle – than move in. # of Inbound Searches # U.S. Metropolitan Area 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 2.0410

Best-Kept Secret Neighborhoods Across America 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. 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 9811710

Regional Housing Demand Trends14

Where Are House Hunters From Atlanta Looking? # Top 10 Outbound Home Searches By Locals 1 Gainesville, GA 2 Athens-Clarke County, GA 3 Jacksonville, FL 4 New York-White Plains-Wayne, NY-NJ 5 Tampa-St. Petersburg-Clearwater, FL 6 Birmingham-Hoover, AL 7 Columbus, GA-AL 8 Orlando-Kissimmee-Sanford, FL 9 Charlotte-Gastonia-Rock Hill, NC-SC 10 Los Angeles-Long Beach-Glendale, CA15

From Where Are House Hunters Searching In Atlanta? # Top 10 Inbound Home Searches By Out-of-Towners 1 New York-White Plains-Wayne, NY-NJ 2 Washington-Arlington-Alexandria, DC-VA-MD-WV 3 Chicago-Joliet-Naperville, IL 4 Philadelphia, PA 5 Tampa-St. Petersburg-Clearwater, FL 6 Los Angeles-Long Beach-Glendale, CA 7 Seattle-Bellevue-Everett, WA 8 Newark-Union, NJ-PA 9 Athens-Clarke County, GA 10 Miami-Miami Beach-Kendall, FL15

Where Are House Hunters From Chicago Looking? # Top 10 Outbound Home Searches By Locals 1 Lake County-Kenosha County, IL-WI 2 Gary, IN 3 Phoenix-Mesa-Glendale, AZ 4 New York-White Plains-Wayne, NY-NJ 5 Los Angeles-Long Beach-Glendale, CA 6 Tampa-St. Petersburg-Clearwater, FL 7 Indianapolis-Carmel, IN 8 Minneapolis-St. Paul-Bloomington, MN-WI 9 Atlanta-Sandy Springs-Marietta, GA 10 Rockford, IL15

From Where Are House Hunters Searching In Chicago? # Top 10 Inbound Home Searches By Out-of-Towners 1 Lake County-Kenosha County, IL-WI 2 New York-White Plains-Wayne, NY-NJ 3 Indianapolis-Carmel, IN 4 St. Louis, MO-IL 5 Washington-Arlington-Alexandria, DC-VA-MD-WV 6 Seattle-Bellevue-Everett, WA 7 Minneapolis-St. Paul-Bloomington, MN-WI 8 Springfield, IL 9 Gary, IN 10 Milwaukee-Waukesha-West Allis, WI15

Where Are House Hunters From Houston Looking? # Top 10 Outbound Home Searches By Locals 1 San Antonio-New Braunfels, TX 2 Austin-Round Rock-San Marcos, TX 3 Dallas-Plano-Irving, TX 4 Fort Worth-Arlington, TX 5 Los Angeles-Long Beach-Glendale, CA 6 Beaumont-Port Arthur, TX 7 Denver-Aurora-Broomfield, CO 8 Chicago-Joliet-Naperville, IL 9 Corpus Christi, TX 10 New York-White Plains-Wayne, NY-NJ15

From Where Are House Hunters Searching In Houston? # Top 10 Inbound Home Searches By Out-of-Towners 1 Dallas-Plano-Irving, TX 2 Austin-Round Rock-San Marcos, TX 3 Beaumont-Port Arthur, TX 4 Los Angeles-Long Beach-Glendale, CA 5 Chicago-Joliet-Naperville, IL 6 Killeen-Temple-Fort Hood, TX 7 San Antonio-New Braunfels, TX 8 Philadelphia, PA 9 New York-White Plains-Wayne, NY-NJ 10 Atlanta-Sandy Springs-Marietta, GA15

Where Are House Hunters From Las Vegas Looking? # Top 10 Outbound Home Searches By Locals 1 Los Angeles-Long Beach-Glendale, CA 2 Phoenix-Mesa-Glendale, AZ 3 Riverside-San Bernardino-Ontario, CA 4 San Diego-Carlsbad-San Marcos, CA 5 Santa Ana-Anaheim-Irvine, CA 6 Portland-Vancouver-Hillsboro, OR-WA 7 Chicago-Joliet-Naperville, IL 8 Pahrump, NV 9 Reno-Sparks, NV 10 Seattle-Bellevue-Everett, WA15

From Where Are House Hunters Searching In Las Vegas? # Top 10 Inbound Home Searches By Out-of-Towners 1 Los Angeles-Long Beach-Glendale, CA 2 Santa Ana-Anaheim-Irvine, CA 3 Honolulu, HI 4 Chicago-Joliet-Naperville, IL 5 New York-White Plains-Wayne, NY-NJ 6 Seattle-Bellevue-Everett, WA 7 San Diego-Carlsbad-San Marcos, CA 8 Denver-Aurora-Broomfield, CO 9 Portland-Vancouver-Hillsboro, OR-WA 10 Phoenix-Mesa-Glendale, AZ15

Where Are House Hunters From Los Angeles Looking? # Top 10 Outbound Home Searches By Locals 1 Riverside-San Bernardino-Ontario, CA 2 Santa Ana-Anaheim-Irvine, CA 3 Oxnard-Thousand Oaks-Ventura, CA 4 San Diego-Carlsbad-San Marcos, CA 5 Las Vegas-Paradise, NV 6 Phoenix-Mesa-Glendale, AZ 7 Bakersfield-Delano, CA 8 New York-White Plains-Wayne, NY-NJ 9 Sacramento--Arden-Arcade--Roseville, CA 10 Oakland-Fremont-Hayward, CA15

From Where Are House Hunters Searching In Los Angeles? # Top 10 Inbound Home Searches By Out-of-Towners 1 Santa Ana-Anaheim-Irvine, CA 2 Riverside-San Bernardino-Ontario, CA 3 New York-White Plains-Wayne, NY-NJ 4 Chicago-Joliet-Naperville, IL 5 San Diego-Carlsbad-San Marcos, CA 6 Oxnard-Thousand Oaks-Ventura, CA 7 Phoenix-Mesa-Glendale, AZ 8 Oakland-Fremont-Hayward, CA 9 Washington-Arlington-Alexandria, DC-VA-MD-WV 10 Seattle-Bellevue-Everett, WA15

Where Are House Hunters From Miami Looking? # Top 10 Outbound Home Searches By Locals 1 Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 2 West Palm Beach-Boca Raton-Boynton Beach, FL 3 Port St. Lucie, FL 4 Orlando-Kissimmee-Sanford, FL 5 New York-White Plains-Wayne, NY-NJ 6 Atlanta-Sandy Springs-Marietta, GA 7 Tampa-St. Petersburg-Clearwater, FL 8 Cape Coral-Fort Myers, FL 9 Los Angeles-Long Beach-Glendale, CA 10 Jacksonville, FL15

From Where Are House Hunters Searching In Miami? # Top 10 Inbound Home Searches By Out-of-Towners 1 Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 2 New York-White Plains-Wayne, NY-NJ 3 Washington-Arlington-Alexandria, DC-VA-MD-WV 4 West Palm Beach-Boca Raton-Boynton Beach, FL 5 Atlanta-Sandy Springs-Marietta, GA 6 Chicago-Joliet-Naperville, IL 7 Philadelphia, PA 8 Seattle-Bellevue-Everett, WA 9 Los Angeles-Long Beach-Glendale, CA 10 Newark-Union, NJ-PA15

Where Are House Hunters From New York City Looking? # Top 10 Outbound Home Searches By Locals 1 Nassau-Suffolk, NY 2 Newark-Union, NJ-PA 3 Edison-New Brunswick, NJ 4 Bridgeport-Stamford-Norwalk, CT 5 Poughkeepsie-Newburgh-Middletown, NY 6 Philadelphia, PA 7 Los Angeles-Long Beach-Glendale, CA 8 Atlanta-Sandy Springs-Marietta, GA 9 Miami-Miami Beach-Kendall, FL 10 West Palm Beach-Boca Raton-Boynton Beach, FL15

From Where Are House Hunters Searching In New York City? # Top 10 Inbound Home Searches By Out-of-Towners 1 Newark-Union, NJ-PA 2 Nassau-Suffolk, NY 3 Edison-New Brunswick, NJ 4 Washington-Arlington-Alexandria, DC-VA-MD-WV 5 Philadelphia, PA 6 Los Angeles-Long Beach-Glendale, CA 7 Bridgeport-Stamford-Norwalk, CT 8 Chicago-Joliet-Naperville, IL 9 Poughkeepsie-Newburgh-Middletown, NY 10 Atlanta-Sandy Springs-Marietta, GA15

Where Are House Hunters From San Francisco Looking? # Top 10 Outbound Home Searches By Locals 1 Oakland-Fremont-Hayward, CA 2 San Jose-Sunnyvale-Santa Clara, CA 3 Sacramento--Arden-Arcade--Roseville, CA 4 Santa Rosa-Petaluma, CA 5 Los Angeles-Long Beach-Glendale, CA 6 New York-White Plains-Wayne, NY-NJ 7 Visalia-Porterville, CA 8 Stockton, CA 9 Santa Cruz-Watsonville, CA 10 Vallejo-Fairfield, CA15

From Where Are House Hunters Searching In San Francisco? # Top 10 Inbound Home Searches By Out-of-Towners 1 Oakland-Fremont-Hayward, CA 2 San Jose-Sunnyvale-Santa Clara, CA 3 Los Angeles-Long Beach-Glendale, CA 4 New York-White Plains-Wayne, NY-NJ 5 Santa Rosa-Petaluma, CA 6 Sacramento--Arden-Arcade--Roseville, CA 7 Washington-Arlington-Alexandria, DC-VA-MD-WV 8 Chicago-Joliet-Naperville, IL 9 Phoenix-Mesa-Glendale, AZ 10 Houston-Sugar Land-Baytown, TX15

Where Are House Hunters From Seattle Looking? # Top 10 Outbound Home Searches By Locals 1 Phoenix-Mesa-Glendale, AZ 2 Los Angeles-Long Beach-Glendale, CA 3 New York-White Plains-Wayne, NY-NJ 4 Riverside-San Bernardino-Ontario, CA 5 Chicago-Joliet-Naperville, IL 6 Atlanta-Sandy Springs-Marietta, GA 7 Tacoma, WA 8 Las Vegas-Paradise, NV 9 Spokane, WA 10 San Diego-Carlsbad-San Marcos, CA15

From Where Are House Hunters Searching In Seattle? # Top 10 Inbound Home Searches By Out-of-Towners 1 Bremerton-Silverdale, WA 2 Portland-Vancouver-Hillsboro, OR-WA 3 Tacoma, WA 4 Los Angeles-Long Beach-Glendale, CA 5 New York-White Plains-Wayne, NY-NJ 6 Chicago-Joliet-Naperville, IL 7 Santa Ana-Anaheim-Irvine, CA 8 Denver-Aurora-Broomfield, CO 9 Dallas-Plano-Irving, TX 10 Washington-Arlington-Alexandria, DC-VA-MD-WV15

Where Are House Hunters From Washington DC Looking? # Top 10 Outbound Home Searches By Locals 1 Bethesda-Rockville-Frederick, MD 2 Baltimore-Towson, MD 3 New York-White Plains-Wayne, NY-NJ 4 Virginia Beach-Norfolk-Newport News, VA-NC 5 Philadelphia, PA 6 Richmond, VA 7 Atlanta-Sandy Springs-Marietta, GA 8 Los Angeles-Long Beach-Glendale, CA 9 Tampa-St. Petersburg-Clearwater, FL 10 Orlando-Kissimmee-Sanford, FL15

From Where Are House Hunters Searching In Washington DC? # Top 10 Inbound Home Searches By Out-of-Towners 1 Baltimore-Towson, MD 2 Bethesda-Rockville-Frederick, MD 3 New York-White Plains-Wayne, NY-NJ 4 Richmond, VA 5 Philadelphia, PA 6 Culpeper, VA 7 Virginia Beach-Norfolk-Newport News, VA-NC 8 Chicago-Joliet-Naperville, IL 9 Columbus, OH 10 Atlanta-Sandy Springs-Marietta, GA15

Methodology 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 leave45

About 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. To learn more, email us at pr@trulia.com46

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Trulia Metro Movers Report - Winter 2012

by Trulia on Feb 01, 2012

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