OfflinePerhaps a reflection of a gradual turn in the market. At face value this could mean buyers are less tentative and ready to buy or the pent up demand is brimming over and we will start seeing more homes sell.
Traffic to Real Estate Web Sites Increasing
Home sales rose over the last couple of months--and so did visits to real estate Web sites.
Nielsen Online reports that traffic to real estate Web sites rose 11 percent from 20.7 million visitors in June to 23.1 million in July. Year-over-year growth from July 2008 to July 2009 was 18 percent.
The most likely visitors were people living in two-person households. This demographic was 50 percent more likely than the average Web user to visit a real estate site. Potential homebuyers between the ages of 25 and 34 were 29 percent more likely to look at a real estate site, and people with no children were 32 percent more likely.
Source: Nielsen Wire (09/01/2009)
Thank you for sharing the intresting information abour traffic to Real Estate Web Sites increasing. As we watch the market, it is intresting to see what and how things may begin to effect reale estate. Hopefully, we can find more great deals before the windows and door begin to close as the market shifts in the future. Believe and Achieve!
- Joe
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Much of this activity can be attributed to the Federal First Time home buyer tax credit and the low interest rates. Once that program ends in December where will we be? If the Mortgage Banks Association's proposal to replace Fannie Mae and Freddie Mac would help to ensure more liquidity in the mortgage market; thus continuing the improvement in the real estate market.
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