eLab eXchange Spring Real Estate Web Traffic - Will Traffic to Popular Real Estate Websites Increase or Decrease this Spring?

With home loan interest rates at historic lows, and the government doing almost everything in its power to encourage lending, the real estate market appears to be moving in a slightly positive direction. The U.S. Census Bureau recently reported that new housing starts for February 2009 were up 22% over January 2009 (though still significantly down compared to February 2008). Recent news stories report that February sales in the Inland Empire of California, Las Vegas, Nevada, and the Gulf Coast of Florida - areas hit hardest by the housing slump - are up by nearly 80% over February of last year.

Spring is the traditional home buying season and many real estate professionals are predicting a significant "spring bounce." Visit the eLab eXchange and predict the Spring increase or decrease in traffic to 5 popular websites people use to find potential properties. Will traffic to these websites be a marker for the real estate recovery? YOU be the judge!!

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Comment by Lawrence D. Wright on June 12, 2009 at 2:17pm: Out here in SoCal, some areas (San Diego and Orange County) are seeing a lot of movement in the 300k - 400k range. Other areas are more stagnant. The LA Times recently reported on an area (Lancaster, just north-east of LA) where the homes are selling for less than they were in 1989. My Wife and I were looking for a house but given our state's recent budget woes, we decided to hold off a bit (we're both state employees at one level or another).

Comment by Brad Officer on June 11, 2009 at 8:58am: In Florida, the bounce is happening. A lot more incoming calls on houses for sale and a lot of first time buyers picking up the tax credit. I think we should see a stable summer of sales. Jacksonville Real Estate Agent