Trulia’s Metro Movers Report is the first housing report that starts with where homebuyers and renters are today, and then provides the inside scoop on where they want to live tomorrow.
Trulia defines a metropolitan area’s future housing demand as being strong or weak based on the number of incoming property searches by out-of-towners at least 100 miles away versus the number of outgoing property searches by locals to destinations at least 100 miles away.
Interpretation Key - # of Inbound Property Searches Per Outbound Search
> 1: Housing demand in this metro is strong with more searches by out-of-towners looking to move in than by locals looking to leave.
<1: Housing demand in this metro is weak, where there are more searches by locals looking to leave than by out-of-towners looking to move in.
=1: Housing demand in this metro is neutral. There are an equal number of inbound and outbound home searches
Sample Calculation for Gotham City
# of inbound property views by out-of-towners: 200
# of outbound property views by locals: 100
Gotham City’s demand index: 200/100 = 2
Interpretation: 2X as many people might want to move to Gotham City in the future than leave