HotPads Releases Foreclosure Heat Maps and Foreclosure ListingsWith home foreclosures at record levels, housing search engine launches innovative foreclosure heat maps and listings
WASHINGTON, April 08, 2008- 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.
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.
co-founder and director of operations
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