SAN JOSE, Calif., May 29, 2014 /PRNewswire/ -- Nearly 50 percent of home shoppers consider new construction when they start their home search. Today, realtor.com® is making its search process easier with the addition of new home plans in its free applications for iOS and Android. Realtor.com®, operated by Move, Inc. (MOVE), is the leader in providing consumers with the most accurate* U.S. residential listings on mobile devices and online.
The majority of new home plans on the market are listed between $250,000 and $325,000, with a national median listing price of $291,981, according to April 2014 realtor.com® data. New home plans average two stories, 2,538 square feet, and typically include four bedrooms, two bathrooms and a two-car garage.
"Highly sought after features, popularity among buyers, and limited new construction can make it difficult to find and close on a new home," said Steve Berkowitz, Move's chief executive officer. "The addition of fresh and accurate new home listings on the realtor.com® mobile applications gives buyers the competitive edge to identify and buy their perfect new home."
Android and iOS users now have access to nearly 60,000 new home plans from approximately 7,500 new home communities sourced from Builders Digital Experience, a joint venture between Move and Builder Homesite, Inc. When searching for listings, home buyers can filter results by "new homes only," or view new home plans, identified by a new home plan badge, alongside resale listings on main search results pages within the applications.
New home construction is often limited by available land, which makes location a critical factor to those searching for new developments. Realtor.com® data reveals that Texas, especially the cities of San Antonio and Richmond, is home to the highest concentration of new home plans currently on the market. Texas is followed by Florida, North Carolina, Ohio and South Carolina, as the states with the largest number of new home plans and developments on the market.
"Technology, paired with accurate data, drives informed home-buying decisions. Having the right tools, such as access to new home plans on the realtor.com® mobile applications, is crucial to finding the right home," Berkowitz said. "Buyers who take their search a step further and educate themselves about what's going on in their local market can hone in on their ideal home more quickly and negotiate with confidence."
For more information or to download the realtor.com® real estate applications, please visit www.realtor.com/mobile.
* "Most accurate" claim(s) pertain to the accuracy of home listings, are based on comparison with other national listing portals, and are based on the greater frequency of listings updating on realtor.com®.
About Move, Inc. and realtor.com®
Move, Inc. (MOVE), a leading provider of online real estate services, operates realtor.com®, which connects people to the essential, accurate information needed to identify their perfect home and to the REALTORS® whose expertise guides consumers through buying and selling. As the official website for the National Association of REALTORS®, realtor.com® empowers consumers to make smart home buying, selling and renting decisions by leveraging its direct, real-time connections with more than 800 multiple listing services (MLS) via all types of computers, tablets and smart telephones. Realtor.com® is where home happens. Move's network of websites provides consumers a wealth of innovative tools and accurate information including Doorsteps®, HomeInsightSM, SocialBiosSM, Moving.com™, SeniorHousingNetSM, homefairSM and Relocation.com. Move supports real estate agents and brokerages by providing many services to grow their businesses, including ListHub™, the nation's leading listing syndicator and centralized intelligence platform for the real estate industry; TigerLead®; Top Producer® Systems; and FiveStreetSM; as well as many free services. Move is based in the heart of the Silicon Valley — San Jose, CA.
REALTOR® and REALTOR.COM® are trademarks of the National Association of REALTORS® and are used with its permission. Move, Move.com, Moving.com, Top Producer®, TigerLead®, ListHub™, Doorsteps® and SeniorHousingNet™ are trademarks of Move, Inc. These and all other trademarks used in this work are the property of their respective owners.
Move, Inc. – Lexie Puckett, (805) 557-3151, Lexie.Puckett@move.com
This news release may contain forward-looking statements, including information about management's view of Move's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different from those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move's future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.
- Real Estate