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You are here: Home / Real Estate News / Bargain Bin Homes Fuel Housing Demand in Hardest-Hit Real Estate Markets

Bargain Bin Homes Fuel Housing Demand in Hardest-Hit Real Estate Markets

January 14, 2012 by Bill Fulton

Below is an excerpt from a Trulia.com 11/21/11 press release:

According to the Metro Movers Index, there are six times as many “inbound” home searches to the North Port–Bradenton–Sarasota, FL metro area by outsiders than “outbound” searches by locals. The index is above 4 for the Riverside-San Bernardino-Ontario, CA metro area and around 2 for several other large Sunbelt metros. Meanwhile, in the Washington D.C. and Chicago metro areas –where prices have not fallen nearly as much – both have an index of under 0.5, which means there are more than twice as many outbound as there are inbound searches.

Housing Demand Strongest in Florida, Inland California and Nevada
# U.S. Metropolitan Area Metro Movers Index
1 North Port-Bradenton-Sarasota, FL 6.03
2 Riverside-San Bernardino-Ontario, CA 4.36
3 Charleston-North Charleston-Summerville, SC 2.25
4 Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 2.15
5 Cape Coral-Fort Myers, FL 2.09
6 West Palm Beach-Boca Raton-Boynton Beach, FL 1.99
7 Fort Worth-Arlington, TX 1.97
8 Oxnard-Thousand Oaks-Ventura, CA 1.92
9 Las Vegas-Paradise, NV 1.88
10 Orlando-Kissimmee-Sanford, FL 1.87

Filed Under: Real Estate News Tagged With: Inland Empire

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