Industry NewsNews Brief

Real estate searches surge in California, Florida

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The Los Angeles metro area topped the list of most-searched areas in the U.S. at Realtor.com in December, parent company Move Inc. announced this week. Chicago was second on the list, followed by the Riverside, Calif.; Phoenix, Detroit; Dallas; Tampa, Fla.; Philadelphia; San Diego, Calif.; and Boston metro areas. Some of those metro areas have also been hot spots for foreclosure. RealtyTrac, a foreclosure data company, reported that the Riverside metro area had the third-highest rate of foreclosure-related filings in 2008 among metro areas it tracks nationwide, while the Phoenix area was fifth on the list and Detroit placed 10th (see Inman News). Four of the top-20 most-searched metro areas at Realtor.com in December are in California and four are in Florida, Move Inc. announced -- Florida had the second-highest rate of foreclosure-related filings in 2008, according to RealtyTrac, while California was fourth. The Fort Myers, Fla., metro area had the largest year-over-yea...