Sue McAllister of the Merc’s Silicon Valley Real Estate Blog reports that searches for San Jose real estate rose 73.7% ^[1], according to data released by Realtor.com.

Almost all of the cities where search traffic increased 50 percent or more are in California or Florida. Which could indicate that a lot of buyers who hope to get steals in places where home prices are under (downward) pressure are keeping an eye on the market

Home buying is down and many of us have certainly noticed the abundance of houses on the market for months– something not only apparent by the length of time in real estate databases, but also by their accompanying brown lawns. While the financial crisis and constant coverage of sub-prime lending problems are the second most talked about topic these days, many of us might be lost in the wall of terms and information flooding our brains.

Have you actively searched for the value of houses in your neighborhood? Are you looking for investments or are you curious how low a neighborhood home’s asking price has fallen? Or do you know of people from out of state looking for a great deal in our fair valley?

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