Sunday, February 2, 2014

Home Searches in Warm-Weather Markets Surge

The polar vortex that is causing record-breaking low temperatures to what seems to be most of the U.S. is persuading house hunters to look for homes in warmer climates.

According to Trulia.com, with every 10-degree drop below 41 degrees Fahrenheit, web-based home searches in metros with warmer climates increased by 4.4%, and searches for homes in warm vacation destinations increased 5.5%. The highest increase in searches were in the South and West.

Vacation areas — defined as where vacation homes account for 25 percent of the housing stock — got the biggest boost in traffic as temperatures plunged. The vacation areas with the biggest increases in home-search traffic were along Florida’s coast, the study found.

Source: “Cold Spell Heats Up House Searches in Warm-Weather Markets,” The Wall Street Journal (Jan. 27, 2014)

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