By Esther Cho | 05/03/2012
While reports on home prices have been mostly uninspiring, with some flickering of hope here and there, rent prices continue to make significant strides, with rent increasing more than 10 percent compared to a year ago in certain markets, according to findings Trulia released Thursday. Rent prices rose 5.6 percent in April compared to a year ago during the same month, Trulia reported. Good news was also in store for asking prices, which compared to the previous month of March, increased 0.5 percent in April on a seasonally adjusted basis.
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By Carrie Bay | 05/18/2011
A new study conducted by Trulia and RealtyTrac found that 56 percent of U.S. renters and 47 percent of current homeowners are at least "somewhat likely" to purchase a foreclosed home. Along with having some concerns about hidden costs and still-declining home values, many potential buyers expect to save money if they buy a foreclosure. On average, survey respondents said they would expect to pay 38 percent less for a foreclosed home than a similar home that was not in foreclosure - not too far above today's average discount of 36 percent.
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By Carrie Bay | 02/10/2011
Although foreclosures and underwater homes continue to plague today's housing market, a survey conducted by Trulia.com found that 70 percent of Americans still view homeownership as being part of their American Dream.
In fact, more than three out of four homeowners say their homes are the best investment they ever made. Conversely, only 20 percent feel trapped in their "underwater" homes, while 14 percent said they would walk away from their mortgage in a heartbeat if they could.
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By Joy Leopold | 01/25/2011
Data released Monday by real estate Web site Trulia says even with the current state of the housing and financial market, it is still more affordable to buy a home than rent one. Trulia's latest Rent vs. Buy Index studied the 50 largest cities in the U.S. and found that it is more affordable to buy than to rent a two-bedroom home in 72 percent of the cities. Only four cities fell into the category of "much more expensive to buy than rent."
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By Carrie Bay | 12/07/2010
Americans continue to grapple with uncertainty about the housing market, with 58 percent of U.S. adults expecting recovery to be at least another two years away. Rick Sharga of RealtyTrac and Pete Flint of Trulia are of the same mind as consumers. They peg the housing recovery to begin taking shape between 2013 and 2014. The robo-signing debacle has left most consumers mired in distrust of banks and the government. The industry experts say its effect on REO sales will be minimal, but the impact on consumer confidence could be especially damaging.
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By Alison Rich | 09/20/2010
Reductions of prices for U.S. homes currently on the market rose for the third consecutive month to 26 percent in September, representing a total decrease of more than $29 billion nationwide, according to Trulia. Despite the aggressive cuts, however, the data also suggest that moderate signs of recovery appear to be cropping up across the nation. Trulia says while we're in for a long climb to bring stability back to the housing market, that climb appears to be underway in a number of U.S. cities it tracks.
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By Carrie Bay | 08/18/2010
Consumer interest in buying homes and absorption of today's bloated housing supply are critical to recovery. These market fundamentals, though, are moving farther out of reach as the American Dream of homeownership fades into the background for many.
A new study from real estate data provider Trulia found that one out of four renters do not plan on buying a home -- ever. Of those renters who do see a home purchase in their future, 68 percent said it would be more than two years before they make that investment.
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