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November 26, 2008

Increased Interest by Potential Home Buyers

I just came across this article by MarketWatch, regarding an increase in search traffic by potential buyers for real estate online. It’s great to see that there are potential buyers out there, keeping an eye on the market and looking for great condo deals.

Based on consumer search trends, real estate search is picking up inthe markets hit hardest by the recent economic conditions, indicating renewed consumer interest in these areas. Local markets with the greatest year-over-year increases in October searches included Las Vegas, Nevada (40.7%) and Miami, Florida(35.4%).

Approximately five percent of consumers said they plan to buy a home in the next 12 months, about three times the percentage that actually bought this year.

In today’s market, consumers need information and competitive analysis as they contemplate making a significant investment in real estate. NewCondosOnline.com remains the number one most visited site for new Condos and the company continues to offer the most comprehensive portal for new condos on the web.

While today’s challenging housing market has affected many, search activity on NewCondosOnline.com remains strong indicating that the desire for homeownership is alive and strong.


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