Surge of Over 1.2 Million Shoppers of Foreclosed Real Estate Nationwide Foreshadows U.S. Housing Market Turnaround

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RealtyStore.com, the nation’s leading provider of foreclosure listings, reported a surge in residential foreclosure shopping activity, with over 1.2 million visitors to its foreclosure listings website in January, 2010. This intensity of activity underscores the renewed interest from homebuyers, especially those seeking foreclosed and financially-distressed real estate.

RealtyStore.com provides foreclosure listings nationwide

Seeing over 1 Million visitors in the month of January reflects the truly unique opportunity that exists –right now– for people everywhere looking for homes at amazingly affordable prices.

RealtyStore.com, the nation’s leading provider of foreclosure listings, reported a surge in residential foreclosure shopping activity, with over 1.2 million visitors to its foreclosure listings website in January, 2010. This intensity of activity underscores the renewed interest from homebuyers, especially those seeking foreclosed and financially-distressed real estate.

While a percentage of RealtyStore.com member are foreclosure investors, a large percentage are first-time homebuyers who’ve become aware of the great opportunity available to them in the current market.

The number of people engaged in researching RealtyStore’s foreclosed real estate listings reached a record level of nearly 1.25 million visitors and propelled the RealtyStore website into the Top 20 of all “Business and Finance – Real Estate” sites in January 2010.

RealtyStore.com was the only website focused on foreclosed and financially distressed residential real estate in the Top 20, as reported by Hitwise in its report of U.S. internet usage. This is the first time RealtyStore has welcomed over one million monthly visitors, a level considered a major milestone for any website.

“Our website visitor volume has grown consistently over the years. Seeing over 1 million visitors in the month of January reflects the truly unique opportunity that exists -- right now -- for people everywhere looking for homes at amazingly affordable prices,” said Tim Chin, President and CEO of RealtyStore. “With more people than ever accessing our foreclosure listings nationwide, a residential real-estate buying wave is under way.”

Testimonials from RealtyStore.com members report substantial savings in their home-buying experience, from a customer in Oklahoma who reports having “bought a mansion for $150,000” to a member in Florida who reports having saved $280,000 off the asking price for his new home.

Foreclosed-home shoppers were actively searching across all U.S. markets, not just boom-and-bust markets like Nevada, Florida and California. With current home-buying tax breaks and lenders becoming more responsive to short sales, interest in all types of discounted properties is expected to remain high throughout 2010. RealtyStore offers home listings nationwide, and can help connect users to financial resources with expertise in funding new loans on previous foreclosures.

Preliminary web traffic data for February suggests RealtyStore.com’s visitor count will again surpass the 1 million volume level.

“For the past 5 years, we’ve worked diligently to build our data networks to provide accurate, up to date foreclosure information, including pre-foreclosures, government owned homes, tax-liens, and bank owned properties, to the general public,” continued Tim Chin. “We’re proud to see our efforts to build a trusted source of foreclosure information are helping so many people who are searching to buy real estate at tremendous values. We look forward to continuing to expand our service offering as our user base continues to grow along with it.”

About RealtyStore.com: Founded in 2005, RealtyStore.com is the fastest growing, most trusted provider of foreclosure listings and information in the nation with over 1 million pre-foreclosure, foreclosure auction, bank-owned, and tax sale property listings. Collected from hundreds of public and private sources, RealtyStore's proprietary database includes extensive property characteristics (including pictures and maps), default and tax information, comparable home values, and neighborhood demographics information. For more information, visit http://www.RealtyStore.com.

Source: Hitwise (an Experian company) public report data is courtesy of “Hitwise Monthly Category Report –Real Estate, Based on Internet Usage for the Month of January, 2010, report ID: 5913”. Hitwise abides by local and international privacy legislation and analyzes all data in aggregate form. The Hitwise methodology is audited by PricewaterhouseCoopers on a quarterly basis.

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Peter Ranck
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