With home foreclosures at record levels, housing search engine launches
innovative foreclosure heat maps and listings
WASHINGTON, April 8, 2008 /PRNewswire/ -- HotPads.com, http://hotpads.com,
the map-based housing search engine and listing service announced the release
of dynamic foreclosure heat maps and foreclosure listings.
HotPads Foreclosure Heat Maps visually portray the markets hit hardest by
the recent housing crisis and increased foreclosure rate. In the future,
users will be able to track the trends of the foreclosure rates in different
markets by comparing historical foreclosure heat maps on a week-by-week and
month-by-month basis. This will bring a greater transparency to the housing
crisis and illustrate the trends in each market.
"A graphical heat map is the fastest and easiest way to interpret a vast
amount of data. The foreclosure heat maps are a helpful way for our users to
research how the housing crisis has affected various areas, as well as track
foreclosure trends over time," says Matt Corgan, co-founder and director of
technology of HotPads.com.
In addition to the Foreclosure Heat Maps, HotPads is launching foreclosure
listings that are supplied to HotPads through an integration with RealtyTrac
(www.realtytrac.com), the leading online marketplace for foreclosure
properties. Housing shoppers will be able to search through all of
RealtyTrac's foreclosure information on HotPads' map-based search engine.
About HotPads.com
HotPads.com launched its map-based housing search and listing service in
November 2005. Since its launch, HotPads has become one of the fastest
growing active listing services on the Web. Founded by two Notre Dame
roommates turned entrepreneurs, HotPads' goal is to simplify the process of
housing search through superior technology and services. For more information,
call 202-232-1581 or visit the website at http://hotpads.com .
Contacts:
Douglas Pope
co-founder and director of operations
HotPads.com
dpope@hotpads.com
202-232-1581
SOURCE HotPads.com
Douglas Pope, co-founder and director of operations of HotPads.com,
+1-202-232-1581, dpope@hotpads.com
