Study finds that more than one in three home searches cross state borders
Posted on Monday, February 6, 2012 at 9:20:15 AM
According to latest findings from Trulia and its Metro Movers Report, more than one in three home searches cross state lines. The Winter 2012 report examined all property searches on Trulia.com amongst all metropolitan areas between October 1 and December 31, 2011 to produce these findings.
Renters and current homeowners alike are searching for homes farther and farther away. The site reports that one-third of all home searches in Miami came from people who live more than 500 miles from the sun-shine state. Individuals generating all of this traffic may wish to consider residential lending options between dreaming about their potential new home. Who knows, a move may be in their future and being caught unaware of potential financing opportunities could hurt the moves chances.
The study found that New York residents were the top source of long distance (100 miles or more) home searches and focused their attention on the Atlantic coast and Central Florida areas. A potential long-distance homebuyer may achieve what he or she is looking for with residential lending.