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April 7, 2010

Trulia launches rental-search option

Trulia, best known as a search engine for people looking to buy homes, said today that it is getting into the rental-search business.

You might see it as a "making lemonade out of lemons" strategy -- the lemons part being that fewer people are buying these days than they were in 2005.

"With the burst of the housing bubble, more consumers than ever are considering renting as a housing option," Pete Flint, Trulia's chief executive, said in a statement.

You might be interested in two stats Trulia included in its press release:

--"30 percent of self declared 'home buyers' are considering both renting and buying at the same time" (that is, they're not sure which way they'll go)

--"60 percent of adults strongly/somewhat agree that renting currently makes better financial sense at this point in their life" (this, according to a recent survey by Trulia and Harris Interactive).

The company said users will be able to search by property-description keywords (such as "pool" or "covered parking"), access information on mobile devices and get details on schools, amenities and the like near rentals that interest them.

There are lots of rental-listing sites out there. What do you want to see when you're looking for a new place to live?

Posted by Jamie Smith Hopkins at 6:30 AM | | Comments (0)
Categories: Renting
        

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About Jamie Smith Hopkins
Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
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