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Affordable Home Prices in Suburbs Create Opportunities for Families Searching for Great Schools

Los Angeles, CA (PRWEB) August 6, 2008 -- According to a recent Harris Interactive Survey commissioned by Move, Inc.,(1) home buyers are less likely to compromise on school quality than on being close to work, shopping and other daily conveniences to buy in the current real estate market. An upside of U.S. home price declines in some markets is that families can now purchase affordable homes in outlying communities with great schools as back-to-school season begins.

Explore communities outside popular U.S. cities (New York, Los Angeles, Chicago, Houston and Philadelphia) using the Find A Neighborhood feature on REALTOR.com®, the #1 homes-for-sale Web site where school ratings and many other community statistics are a mouse click away.

Floral Park, NY:

Residents can thank founder John Lewis Childs for the city's name and streets named after flowers. Even sweeter to parents working in the Big Apple are the highly-rated schools and lower home prices. Many local schools (http://neighborhoods.realtor.com/Floral-Park-Bellrose-Elementary-School/55703/NY/New-York/439127/School/) are near the top of Great Schools' ratings scale, while the average home price is in the mid $400K range. Rentals are around $1500/month, with an easy commute to NYC. Take a look at these listings (http://beta.realtor.com/search/searchresults.aspx?loc=Floral+Park%2c+NY&mnp=400000&mxp=480000) to sample the charm of local homes.

Simi Valley, CA:

The closer you get to LA, the harder it is to find highly-rated schools and the more likely you'll pay higher home prices. Fortunately, LA recently improved its rapid transit system, makes outlying areas like Simi Valley more attractive in terms of housing and schools. Home to the Ronald Reagan Presidential library and museum, Simi Valley was named one of the safest cities in the nation by a 2007 FBI report. Many homes (http://beta.realtor.com/search/searchresults.aspx?loc=2413+Ridge+View+Ct+simi+valley) average in the mid $400Ks and rentals are about $2,500/month. Schools (http://neighborhoods.realtor.com/CA/Simi-Valley/Simi-Valley/424618/Schools/) have an average rating of 8 out of a possible rating of 10.(2)

Carol Stream, IL:

Houses are more affordable for families moving to the middle of the U.S. Carol Stream is a pretty Chicago suburb where the average home (http://beta.realtor.com/search/searchresults.aspx?loc=Carol+Stream%2c+IL&mnp=225000&mxp=275000) sells for about $250K and rentals run about $1,650/month. While most assume its name came from a minor waterway, it actually received the first and last name of a living person, daughter of the community's developer, Jay Stream. Count on highly rated schools (http://neighborhoods.realtor.com/IL/Chicago/Carol-Stream/432797/Schools/) here and a 30-mile commute into Chicago.

Pearland, TX:

Near Houston, there are plenty of great companies to work for, with housing and schools (http://neighborhoods.realtor.com/TX/Houston/Pearland/423521/Schools/) offering families a higher standard of living and lower costs. In 2007, Forbes Magazine ranked Pearland, just outside Houston, the 34th fastest growing suburb in the U.S. Originally agriculturally-based, Pearland is now home to a largely white-collar population where homes average around $200K and rentals are in the $1,750/month range. Check these local listings (http://beta.realtor.com/search/searchresults.aspx?loc=Pearland%2c+TX&mnp=175000&mxp=250000) in Pearland.

Oreland, PA:

A vast lime deposit was responsible for this town's development way back in the late 1600's and it was also the basis for its name. Families who call it home get both highly rated schools (http://neighborhoods.realtor.com/PA/Philadelphia/Oreland/413592/Schools/) and a historic and affordable community about 30 minutes outside of Philadelphia. Home prices average about $300K and rentals are around $1,350/month. Pay more and you can even own a mini estate (http://beta.realtor.com/search/listingdetail.aspx?loc=Oreland%2c+PA&sid=01ca70ddba8449258d266d93269e41c9&lid=1087897791&lsn=4&srcnt=39) like this one on Realtor.com.

ABOUT REALTOR.COM:

REALTOR.com® (http://www.realtor.com/), where the world shops for real estate online, is operated by Move, Inc., (NASDAQ: MOVE) and is the official Web site of the National Association of REALTORS. Ranked as the #1 homes-for-sale site, REALTOR.com currently offers potential home buyers access to over four million property listings, as well as the most brokers and agents. It also provides REALTORS and the home sellers they represent with the Internet's largest real estate marketplace, reaching more than 4.9 million consumers in June 2008(2). Agents and companies have the power to customize REALTOR.com resources to maximize their brand and productivity.

REALTOR® and REALTOR.com® are registered trademarks of the NATIONAL ASSOCIATION OF REALTORS®. REALTOR® is a federally registered collective membership mark, which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics. All other trademarks appearing above are the property of Move, Inc., or of their other respective owners.

ABOUT MOVE, INC.:

Move, Inc. (NASDAQ: MOVE) is the leader in online real estate with 7.4 million(3) monthly visitors to its online network of websites. Move, Inc. operates: Move.com, a leading destination for information on new homes and rental listings, moving, home and garden and home finance; REALTOR.com®, the official Web site of the National Association of REALTORS®; Welcome Wagon®; Moving.com; SeniorHousingNet?; and Top Producer®. Move, Inc. is based in Westlake Village, California, and employs more than 1600 individuals throughout North America. For more information: move.com (http://www.move.com/?source=a18401).

(1) This Homeownership survey was conducted online within the United States by Harris Interactive on behalf of Move Sales Inc between May 21 and May 23, 2008 among 2,462 adults ages 18+.

(2) Great Schools rating data, http://www.greatschools.net/

(3) comScore Media Metrix, June, 2008

This press release may contain forward-looking statements, including information about management's view of Move's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move's future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.

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