10 hottest markets for out-of-area house hunters
Feb 9th, 2012 | By Bea Weiss, Real Estate Consultant, Attorney | Category: Florida Real EstateTrulia released the latest findings from its Metro Movers Report – the first housing report that starts with where homebuyers and renters are today and provides the inside scoop on where they want to live tomorrow.
Of the top 10 metros where demand among online house hunters is strongest, seven are located in the Sunshine state.
Where demand among online house hunters is strongest
| Rank | U.S. metropolitan area | # inbound searches per outbound search |
| 1 | Palm Bay-Melbourne-Titusville, Fla. | 8.8 |
| 2 | Lakeland-Winter Haven, Fla. | 7.6 |
| 3 | North Port-Bradenton-Sarasota, Fla. | 6.62 |
| 4 | Cape Coral-Fort Myers, Fla. | 2.59 |
| 5 | Tulsa, Okla. | 2.48 |
| 6 | West Palm Beach-Boca Raton-Boynton Beach, Fla. | 2.46 |
| 7 | Fort Lauderdale-Pompano Beach-Deerfield Beach, Fla. | 2.44 |
| 8 | Riverside-San Bernardino-Ontario, Calif. | 2.43 |
| 9 | Charleston-North Charleston-Summerville, S.C. | 2.4 |
| 10 | Orlando-Kissimmee-Sanford, Fla. | 2.3 |
NOTE: The inbound-to-outbound ratio for a metro area divides the number of incoming property searches by out-of-towners, by the number of outgoing property searches by locals looking to leave. So a ratio of 2-to-1 means that there are twice as many searches by out-of-towners in a market than by locals in that market searching outside their market area.
Source: Trulia.
“Today’s house hunters are deal seekers who focus their search in places where prices are low. Although locals in Florida, inland California and the Southwest are suffering from high foreclosure rates and lost equity, huge price declines since the height of the housing bubble have drawn house hunters from across the country,” said Jed Kolko, Trulia’s chief economist.
“As America’s retirement capital, Florida has received the most attention from prospective homebuyers and renters from the Northeast and Midwest. Baby boomers who had planned to retire to cheaper places elsewhere in the South during the boom years can once again buy in Florida.”
Four of the 10 metros with the highest ratios of people looking to leave, rather than move to, were in the Northeast, three were in the South, two were in the West, and one was in the Midwest.
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