SAN FRANCISCO, Aug. 30, 2018 /PRNewswire/ -- Trulia®, a
home and neighborhood site for homebuyers and renters, today
released the results from a research survey to find out how many
Americans experience "neighborhood regret," and discover new
strategies to prevent buyer and renter remorse in the future. The
survey, conducted online by Wakefield Research of 1,000 Americans
found that 36% of those who recently relocated would have moved to
a different neighborhood than their current one; additionally 77%
agree there is no single reliable source for complete neighborhood
information. This research was released in conjunction with the
launch of Trulia Neighborhoods, a first-of-its kind product giving
people a genuine feel for what it's like to actually live in a
neighborhood.
Neighborhood Regret is Highest Among City Dwellers
If
given the chance to do it again, nearly half (46%) of city
residents say they would choose a different neighborhood. Rural
(31%) and suburban (30%) residents, however, were slightly less
likely than city dwellers to say that they would want move to
switch neighborhoods if they could do it over again.
Way of life or "vibe" has a significant influence on homebuyers
and renters. Residents want to be as sure as possible that the
neighborhood is as good a fit for their lifestyle as the house
itself. Nearly half (48%) believe the "vibe" or feeling of the
neighborhood had a significant influence on their decision to move
there, followed by commute time (37%) and crime rates (37%). Among
the issues homebuyers and renters experience that lead to
unhappiness include; lack of social activity (28%), street noise
(21%), frequent traffic (16%) and lack of public transportation
(16%).
No Single Source for Neighborhood
Information
Unfortunately, most home buyers and renters
failed to do their homework before moving in. Only 38% searched for
photos of different parts of the neighborhood and even less (37%)
visited popular local spots.
An issue highly correlated to neighborhood regret, safety, was
among the least researched neighborhood attributes. An overwhelming
majority (74%) of homebuyers and renters did not research police
reports before moving into their current home. Nearly half (47%)
did not visit their current neighborhood at night before buying or
renting their home. Slightly more than half (54%) consulted with
only two sources or fewer for information about their current
neighborhood.
"Trulia wants to empower home buyers and renters with both
neighborhood data and authentic input from locals on the overall
atmosphere of a neighborhood so they can make the best home and
neighborhood decisions," said Tim
Correia, senior vice president and general manager, Trulia.
"Trulia Neighborhoods shares crowdsourced local knowledge, original
photography and drone footage, information on local safety,
commute, and parent reviews of nearby schools. The more information
we can provide in one source the less likely people will experience
home and neighborhood regret."
Methodology
The Trulia Survey was conducted by
Wakefield Research (www.wakefieldresearch.com) among 1,000
nationally representative U.S. adults, who purchased or rented a
home in the past 3 years, and to 400 respondents in each of the
three DMAs: Austin, Chicago, and San
Francisco, between July 25 and July
31, 2018. The margin of error was +/-3.1 percentage points
for the representative sample.
About Trulia
Trulia's mission is to build a more
neighborly world by helping you discover a place you'll love to
live. Homebuyers and renters use Trulia's website and suite of
mobile apps to get a deeper understanding of homes and
neighborhoods across the U.S. through personalized recommendations,
insights sourced straight from locals, and 34 neighborhood map
overlays that offer details on commute, reported crime, schools,
nearby businesses, and more. Founded in 2005, Trulia is based
in San Francisco, and owned and operated by Zillow Group, Inc.
(NASDAQ: Z and ZG). Trulia is a registered trademark of Trulia,
LLC.
For further information:
pr@trulia.com
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SOURCE Trulia