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July 01, 2008 08:30 AM Eastern Time 

Roost Helps Home-Hunters Learn ‘Real Estate Speak’

Study analyzes words used in thousands of property-for-sale listings; reveals most in-demand features and markets most impacted by price reductions

SAN FRANCISCO--(BUSINESS WIRE)--Roost, the most comprehensive search engine for homes, today released its ‘Real Estate Speak’ Study (http://blog.roost.com/), an analysis of the most popular words brokers use to describe homes for sale. Roost analyzed data for over 250,000 home listings across nine major metropolitan cities to find the top ten adjectives used to describe homes – and discover how they vary by city and price range.

“This study provides a fascinating insight into real estate trends around the country”

The nine major metropolitan areas covered by the study are: Boston, Chicago, Washington D.C., Dallas, Miami, Orange County, San Francisco, San Jose and St. Louis. ‘New’ is the most popular adjective across all cities. ‘Nice’ is predominantly used to describe homes under $250,000, while ‘gourmet’ is only used in homes above $1 million. ‘Beautiful’ is the most commonly-used subjective term, with more homes in Miami being described as ‘beautiful’ than in any other city.

Additional searches revealed the top 20 most frequently used subjective words (‘perfect’, ‘gorgeous’, ‘wonderful’ and ‘lovely’ topped the list) and the top 20 most quirky adjectives (such as ‘wow’, ‘cool’, ‘savvy’ and ‘fussiest’).

Roost’s study also reveals which cities have been most affected by sliding house prices. The company’s analysis shows the number of listings featuring the terms ‘reduced’ or ‘reduction’ – indicating a price reduction – in their descriptions. Washington D.C. fared worst, followed by Orange County, CA.

“This study provides a fascinating insight into real estate trends around the country,” said Alex Chang, CEO of Roost. “Just by examining the words used to describe homes, we can get a sense of the tastes and styles in each area and the challenges of each housing market. Buyers and sellers alike can learn which features and characteristics are most marketed in their city and within their price range – and make decisions accordingly.”

Roost offers homebuyers the most complete and up-to-date homes for sale content on the Web in 23 regional markets. Roost partners with the local Multiple Listing Service (MLS) and local brokers to provide a search engine that provides consumers access to all publicly available homes for sale data via a network of individual broker sites accessed via the Roost.com search engine. By doing this, Roost ensures consumers receive a single, consistent experience for searching comprehensive property listings. Roost also provides homebuyers access to For Sale by Owner listings and New Construction listings in order to ensure a truly comprehensive experience.

Methodology for ‘Real Estate Speak’ Study rankings

Roost has the most comprehensive homes for sale data, with approximately 1.5 million listings in total. The Real Estate Speak Study was conducted by analyzing all words used across all property listings for the nine target metropolitan areas and calculating their frequency of use. Headline results can be found below and a full report is available at http://www.roost.com.

Rankings:

Cities with the highest number of listings referencing price reductions (percentage represents approximate proportion of total home listings):

1. Washington D.C. (8%)

2. Orange County, CA (5.9%)

3. San Jose, CA (5.6%)

4. San Francisco, CA (5%)

5. St. Louis, MO (4%)

6. Dallas, Boston, Chicago, Miami (2%)

Top twenty adjectives used to describe homes, by frequency:

1. New

2. Large

3. Great

4. Beautiful

5. Open

6. Huge

7. Finished

8. Spacious

9. Custom

10. Newer

11. Nice

12. Updated

13. Private

14. Fenced

15. Colonial

16. Gourmet

17. Covered

18. Lower

19. Remodeled

20. Formal

Top twenty quirky adjectives used to describe homes, by frequency:

1. Wow

2. Cool

3. Savvy

4. Fussiest

5. Paradise

6. Nesters

7. Handsome

8. Viking

9. Peacock

10. Cookie

11. Heaven

12. Imagine

13. Purification

14. Army

15. Princess

16. Shake

17. Swan

18. Mohawk

19. Weeping

20. Fragrant

Top twenty subjective words used to describe homes overall:

1. Perfect

2. Gorgeous

3. Wonderful

4. Lovely

5. Quiet

6. Updated

7. Entertaining

8. Easy

9. Oversized

10. Old

11. Fabulous

12. Beautifully

13. Stunning

14. Charming

15. Spacious

16. Potential

17. Plenty

18. Luxury

19. Style

20. Quality

Top twenty adjectives used to describe homes, by price:

    Homes less than $250,000   Homes $251,000 to $500,000   Homes $501,000 to $750,000   Homes $751,000 to $1,000,000   Homes $1,000,000 to $1,500,000   Homes $1,500,000 to $2,000,000   Homes more than $2,000,000
1.   New   New   New   New   Custom   Custom   Custom
2.   Large   Large   Large   Large   Large   Large   Private
3.   Great   Great   Great   Custom   New   New   Large
4.   Beautiful   Beautiful   Beautiful   Great   Private   Private   New
5.   Nice   Open   Custom   Beautiful   Beautiful   Beautiful   Beautiful
6.   Newer   Spacious   Huge   Private   Great   Gourmet   Great
7.   Open   Finished   Open   Open   Open   Great   Gourmet
8.   Updated   Huge   Finished   Huge   Huge   Huge   Gated
9.   Finished   Newer   Spacious   Finished   Gourmet   Open   Formal
10.   Fenced   Updated   Private   Spacious   Spacious   Formal   Huge
11.   Huge   Custom   Colonial   Gourmet   Formal   Center   Spectacular
12.   Spacious   Fenced   Remodeled   Formal   Finished   Spacious   Open
13.   Paint   Nice   Gourmet   Colonial   Cherry   Finished   Stunning
14.   Covered   Well   Newer   Remodeled   Remodeled   Cherry   Finished
15.   Lower   Colonial   Story   Paint   Colonial   Construction   Magnificent
16.   Ranch   Private   Paint   Lower   Gorgeous   Remodeled   Spacious
17.   Sold   Remodeled   Nice   Covered   Built   Colonial   Cherry
18.   Big   Lower   Panel   Gated   Lower   Designed   Colonial
19.   Owned   Covered   Gorgeous   Corner   Luxury   Covered   Grand
20.   Single   Gorgeous   Lower   Updated   Updated   Fabulous   Designer

For more information on the top ten adjectives in each metropolitan city and the top ten adjectives by city and price range, visit (http://blog.roost.com/).

About Roost

Roost is an innovative online real estate platform that combines a network of individual real estate broker Web sites with a comprehensive search engine. Roost offers new search technology, an intuitive, visual interface and the most comprehensive property listings to help users find a home and find it fast. The company works collaboratively with Multiple Listing Services (MLSs) and real estate brokers in each region to provide up-to-date, accurate data. Roost.com currently lists homes for sale in thousands of other cities across the nation including; Atlanta; Baltimore; Boise; Boston; Chicago; Dallas; Denver; Fort Worth; Houston; Miami; Minneapolis; Orange County; Orlando; Philadelphia; Phoenix; Portland; Sacramento; San Diego; St. Paul; Tampa; Silicon Valley; St. Louis; and Washington D.C. areas, ensuring the results for each local search are complete. Founded in 2007, Roost.com is based in San Francisco, Calif. To start your home search, visit http://www.roost.com. Keep your eye on Roost.

Contacts

LEWIS PR for Roost
Emelyne Interior, 415-992-4400
roost@lewispr.com

http://www.roost.com

Company Information Center

Roost RSS feed for Roost

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