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10 top metros for out-of-area house hunters

Trulia: Most markets on list hit by price declines near 50% or higher

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Metropolitan areas that have experienced heavy price declines are among the most popular among visitors to real estate search site Trulia, according to a new report launched by the company today. Trulia intends the report to be a forward-looking indicator of future housing demand. Trulia's Metro Movers Report is based on the ratio of inbound property searches from nonresidents of a metro compared to outbound searches from locals. The report examined searches on Trulia.com between July 1 and Sept. 30, 2011, in nearly 100 U.S. metro areas with at least 250,000 occupied housing units. The report found that more than half of properties viewed on Trulia, 59 percent, were outside of a searcher's current metro area, most often in a neighboring metro area. Slightly less than a quarter of searches, 23 percent, were for properties more than 500 miles away. More than half (56 percent) of property searches outside a house hunter's current metro area were in areas that have experienced larger ...