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RealtyTrac: More Buyers Will Purchase a Foreclosure
December 15, 2009 in Data, Data, and More Data
From RealtyTrac NEW SURVEY FROM TRULIA AND REALTYTRAC SHOWS INVESTORS, TRADE-UP BUYERS AND RENTERS MOST LIKELY TO CONSIDER FORECLOSURE PURCHASE
88 Percent of Current Homeowners Looking to “Trade Up” To a Larger Home Are Willing to Consider Purchasing a Foreclosure
SAN FRANCISCO, December 15, 2009 – Trulia.com, the best place to start a real estate search, and RealtyTrac, the leading online marketplace for foreclosure properties, today released the latest results of an ongoing survey tracking home buyers’ attitudes towards foreclosures. The new online survey conducted on their behalf between November 5-9, 2009 by Harris Interactive® showed a notable decrease in consumers’ willingness to buy foreclosed properties, with 43 percent of U.S. adults age 18 and above indicating that they are at least somewhat likely to consider purchasing a foreclosed home in the future, compared to the 55 percent of U.S. adults age 18 and above surveyed online by Harris Interactive® between May 1-5, 2009. However, the survey also found that there is strong interest in certain segments, including real estate investors, current home owners looking to “trade up” to a larger property and renters.
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