Kourtney Kardashian and Scott (her baby’s daddy) list their Calabasas home for sale

Looks like Kourtney and (lazy baby daddy) Scott’s living quarters just isn’t cutting it anymore – especially not with baby Mason around. The couple recently listed their Calabasas home for sale (for less than what she bought it for – $829,000!). Current asking price: $795,000.

Check it out for yourself.

4389 Park Paloma, Calabasas CA 91302
3 bd | 2.5ba | 2,245 sqft

Btw – can we talk about the freaky photo of that girl over the fireplace mantle?

Trulia’s VP of Marketing Heather Fernandez on CNBC: The Search for a New Home

Great job by Trulia’s VP of Marketing Heather Fernandez as she provides insights into Trulia’s housing market search trends on CNBC today.

Highlights:

• Home Buyer and Seller Search Trends: Our data is a forward looking indicator as to home buyer and seller sentiment
• We looked at 250 Largest cities in the US
• Biggest losers: Sales Prices flat, transactions and searches down
- Elk Grove, CA
- Tracy, CA
- Moreno Valley, CA
- Stockton, CA
- Palmdale, CA
• California and Florida suffered the greatest earliest hits due to foreclosures
• Long road to recovery in these markets
• 3 out of 4 homes on the market are in foreclosure
• Nationwide:
- 1 in every 3 homeowners is potentially underwater
- 1 in every 4transactions is a distressed transaction
• Biggest increase in searches:
- Milwaukee Wisconson
- Frisco, Texas
- Ocala, Florida
- Albuquerque, New Mexico
- Malibu, California

How is your market doing in comparison to those named above?

Local Ads testimonial – Chris Keller, agent in San Diego, CA

Last week, one of our Trulia team members received a great testimonial from Chris Keller, agent in San Diego, CA.

Here are some neat things Chris had to say about our NEW! Local Ads product:

“I started using [a competitor's advertisement] about 1 month ago. I thought the results were very good until I joined Trulia’s Local Ad program a couple weeks ago! Not only do I receive almost twice as many hits from Trulia, the ad is larger (which gives me more room for verbiage) and the cost is around 20% less.

The hits are verifiable using Google’s analytics program. Our Trulia ad lands the potential buyer on a web page within our website dedicated to the area they are searching.

I also noticed that on Trulia you can hit the “next” button and proceed to the next listing. On [a competitor's site] you have to return to the “search results” every time you want to view the next property in your search. It makes me wonder how many people are exiting out of their site due to awkwardness of their search program.”

Here’s his ad:

This is an awesome testimonial Chris. Thanks so much for sharing! If you have feedback to share, please email us at pr@trulia.com.

Trulia’s March Price Reduction Report – Home Sellers cut $21.6 Billion off Asking Prices

photo credit: jackenhack

Today Trulia announced a new all-time low for national home price reduction levels since the company started tracking in April 2009, with 19 percent of listings currently on the market in the United States as of March 1, 2010 experiencing at least one price cut. This represents a 10 percent decrease from the previous month and the first time price reduction levels have dropped below 20 percent. The total dollar amount slashed from home prices dropped to $21.6 billion and the average discount for price-reduced homes continues to hold at 11 percent off of the original listing price.

Many major metros* across the U.S. have seen steady declines in price reductions during the past few months. The following U.S. cities experienced the biggest decline in price reductions from February 1, 2010 to March 1, 2010:

Six major cities in California also occupy the lowest percent of current listings with price reductions out of the Top 50 national cities: San Francisco (16%), Sacramento (15%), San Diego (13%), Oakland (13%), San Jose (12%) and Fresno (12%).

“Consumer engagement on Trulia remains at an all time high, but home sales have dropped nationally during the past few months because there has been a lower sense of urgency to ‘buy now’,” said Pete Flint, Trulia co-founder and CEO. ”As we get closer to the government incentives running out, we expect price reductions to increase as sellers begin to feel the pressure to lure buyers in, in advance of the tax credit expiration.”

The Tax Credit Effect

Price reduction levels peaked nationally toward the end of 2009, corresponding to the timing of the original November 2009 deadline for the Federal Housing Tax Credit. In the months following the extension of the tax credit, price reduction levels have since declined. National price reduction levels by month:

• March 2010 – 19%
• February 2010 – 21%
• January 2010 – 21%
• December 2009 – 22%
• November 2009 – 26%
• October 2009 – 26%
• September 2009 – 26%
• August 2009 – 25%
• July 2009 – 25%
• June 2009 – 24%

Buyers and Sellers Disagreeing

While many states are seeing lower levels of price reductions, sellers and buyers in the following states continue to disagree more frequently on what is fair for home prices in their respective states:

• Arizona- 25%
• Massachusetts- 25%
• Washington D.C.- 25%
• Hawaii- 24%
• Maryland- 24%

Million-Dollar Markets Hit Hardest

The average amount slashed from homes listed at $1 million above is 14 percent off of the original listing price. The following five cities saw significantly bigger discounts on properties priced above $1 million compared to the national average for March 2010:

• Columbus, OH- 35%off of the original listing price
• Mesa, AZ- 22%off of the original listing price
• Cleveland, OH- 20%off of the original listing price
• Baltimore, MD- 18%off of the original listing price
• Las Vegas, NV- 18%off of the original listing price

March 2010 Price Reductions – Top 50 U.S. Cities

For more info on Trulia’s national home price reduction report, please visit our press release in the Trulia News Room.

Today Show + Trulia: Real estate deals that’ll sweep you off your feet!

WOOT! It’s been an awesome week for Trulia! Starting on Monday and ending today with a bang, Trulia received lots of love from Barbara Corcoran on NBC’s Today Show. Check out these sweet deals around the country. Thanks for having us Barb!

Minneapolis, MN

3512 Portland Ave #1, Minneapolis MN 55407
$94,900 | 1bd | 1ba | 650sqft | Single-Family Home

Denver, CO

8770 Corona St #302, Denver CO 80229
$97,750 | 2br | 2ba | 1,207sqft | Condo

Seattle, WA

6723 S 122nd St, Seattle WA 98178
$215,000 | 2bd | 1ba | 1,550sqft | Single-Family Home

Washington, DC

5321 D St SE, Washington, DC 20019
$200,000 | 4br | 2ba | 1,400sqft | Single-Family Home

Athens, GA

165 Alice Walker Dr, Athens GA 30607
$132,000 | 3br | 3ba | Single-Family Home

New York, NY

261 W 112th St #1B, New York, NY 10026
$620,000 | 2br | 2ba | 999sqft | Condo

Olive Branch, MS

8145 Maywood Dr, Olive Branch MS 38654
$165,000| 4br | 2ba | 1,928sqft | Single-Family Home

Fort Worth, TX

5728 Braewood Ln, Fort Worth TX 76244
$279,900 | 4br | 4ba | 3,668sqft | Single-Family Home

Check out both segments here:

Monday: Cities that let you have it all
Friday: Real deals in real estate

Do you have homes that are Today Show worthy? Send them to pr@trulia.com!