Trulia's New Feature Shows How Much Home Buyers Care About Location

Liz Stinson reports on the new Trulia Neighborhoods feature in the Trulia app, which "lets people browse through commissioned photos and videos, stats, maps, quotes from locals, and more."

A survey conducted by Trulia revealed that most prospective homebuyers consider the neighborhood as almost as important as the physical building when they are looking to move. "On top of that, in another survey, Trulia learned that 40 percent of respondents regretted their move after three years not because of the home, but because of the surroundings," according to Stinson.

"Trulia sees this as an information problem," explains Stinson. "If home buyers had more details about the neighborhood they’re considering, the company figures, they’d ultimately make more informed decisions."