TRULIA REPORTS ASKING HOME PRICE SLOWDOWN AMID RISING MORTGAGE RATES, EXPANDING INVENTORY, AND DECLINING INVESTOR INTEREST

Asking Home Prices Cool Most in Hottest Housing Markets: Las Vegas, Oakland, and San Francisco

SAN FRANCISCO, August 6, 2013 – Trulia, Inc. (NYSE: TRLA), a leading online marketplace for home buyers, sellers, renters, and real estate professionals, today released the latest findings from the Trulia Price Monitor and the Trulia Rent Monitor. These indices are the earliest leading indicators available of trends in home prices and rents. Based on the for-sale homes and rentals listed on Trulia, these monitors take into account changes in the mix of listed homes and reflect trends in prices and rents for similar homes in similar neighborhoods through July 31, 2013.

Asking Home Prices Fall 0.3 Percent Month-Over-Month

Asking home prices are now starting to lose steam as mortgage rates rise, inventory expands, and investor demand declines. Nationally, asking prices dropped 0.3 percent in July – the first month-over-month (M-o-M) decline since November 2012. Seasonally adjusted, prices rose 3.3 percent quarter-over quarter (Q-o-Q), down from a peak of 4.2 percent in April. Year-over-year (Y-o-Y), prices are up 11 percent nationally; however, this change is an average over the past 12 months and is therefore slower to show changes than monthly and quarterly numbers.

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