■ New York, New York received the most home-buying interest, with 3.4% of online traffic.
■ The next metro areas garnering online search traffic were Dallas, Texas with 2.7%.
■ Chicago, Illinois, 2.6%.
■ Miami, Florida 2.5%.
■ Tampa, Florida 1.9.
■ Columbus, Ohio;
■ Knoxville, Tennessee;
■ Louisville, Kentucky;
■ Detroit, Michigan;
■ Pittsburgh, Pennsylvania,
■ Portland, Maine
■ Tampa / St Pete, Florida;
■ Hartford. Connecticut.
Realtor.com pointed out that Columbus, Ohio is the most popular market in the United States. What is driving this interest is its affordability, and its attraction to families and young professionals. Realtor.com notes that half of the most popular markets are in the south, primarily the southeast.
Another report published by CNBC recently indicated that Florida, the Sunshine State, still remains a relatively attractive market, putting it in the number one spot. The issue regarding the spike in homeowner insurance is clearly a troubling one, which has caused a surge and spike in the number of new listings recently. The CNBC story also indicates that there are some trends in Florida, such as rising foreclosures and a growing number of underwater mortgages that are somewhat concerning to some buyers.
The same CNBC story cited South Carolina as the second most attractive state when it comes to buyer demand. Price appreciation in South Carolina over the last 12 months came in at 9.42% with only a 3-month supply of inventory. In addition, the median sales price for a home in South Carolina is only $387,000. The other feature that makes South Carolina attractive is its effective property tax of 0.5%.
If you have any questions about this information or title insurance, please contact Ralph Aponte: 732.914.1400.1601
Counsellors Title Agency, www.counsellorstitle.net, founded in 1996, is one of New Jersey’s most respected title agencies, serving all 21 New Jersey counties with title insurance, clearing title, escrow, tidelands searches, and closing and settlement services for commercial or industrial properties, waterfront properties and marinas, condominiums, townhouses or residential single-family homes. Counsellors Title also features its own Attorney Settlement Assistance Program™ [ASAP], which is an individual resource customized to fit the needs specifically of real estate attorneys, including, Documentation, Preparation, Disbursement of Funds, Attendance at Closing, HUD Preparation or Post-Closing Matters.
Connect with Ralph on LinkedIn: https://www.linkedin.com/in/ralphaponte/01