Real estate research agency Trulia reported that there are a number of major metropolitan areas in the U.S. where people from around the country — many of them retiring baby boomers — are looking for bargains. 24/7 Wall St. has identified the 10 with the highest rate of “inbound” searches.
Eight out of 10 areas on the list had a more severe decline in home prices than the U.S. average from pre-recession levels. In six of them, median prices are less than half what they were five years ago. In the Cape Coral-Fort Myers region of Florida, home prices are down nearly 60%.
(More on metros with rising home demand . . . )
